Romeo Kumalo, the former Vodacom Group executive and co-founder of LLH Capital Ltd., plans to raise a $200 million private equity fund to invest in artificial intelligence-focused companies across Africa. The move follows LLH Capital’s profitable exit from Optasia, the fintech and AI platform that debuted on the Johannesburg Stock Exchange this week with a…
Archaeologists have discovered evidence of an ancient religious practice in northern Israel in addition to a wine press dating back roughly 5,000 years — one of the oldest ever uncovered in the country, according to the the Israel Antiquities Authority. The wine press, which is likewise the earliest relic of wine production in Israel, was found…
SA’s cyber security services market has been projected to hit R16.5 billion by 2029. South Africa’s cyber security services market is expected to reach R16.5 billion by 2029, with the financial services sector showing strong demand, says BMIT. This comes amid the rise of cyber crime attacks on the local front, which has seen the…
Dubai-based fintech group Optasia officially listed on the Johannesburg Stock Exchange (JSE) on Tuesday, November 4, after a R6.5 billion ($345 million) initial public offering priced at R19 per share, the top of its range. The offering was several times oversubscribed, resulting in Optasia having a market capitalization of R23.5 billion ($1.4 billion). The stock…
·FRC integrates Islamic finance services within Nigeria’s financial reporting framework Dike Onwuamaeze and Kayode Tokede Vice President Kashim Shettima and other economic sstakeholders, yesterday called on African nations to deepen the adoption of Islamic finance as a tool for inclusive and sustainable economic transformation across the continent. Keep up with the latest headlines on WhatsApp…
AJ defense editor Alex Gatopoulos breaks down the latest developments in Sudan.
Project Kuiper terminal on a rooftop. Image: Amazon Amazon is moving closer to establishing a physical footprint for its Project Kuiper satellite internet network in Africa, advertising for a new technical business development manager focused on acquiring and developing ground infrastructure sites across the continent. And it’s specifically indicated it’s looking for South African talent….
Ventures Platform, one of Africa’s most active early-stage venture capital firms, has raised $64 million so far for its second fund, with a final close target of $75 million, according to founding partner Kola Aina. The raise includes participation from the Nigerian government through its Investment in Digital and Creative Enterprises (iDICE) program — marking…
Doha, Qatar — During the Second World Summit for Social Development in Doha, Spotlight Initiative and the Qatar Fund for Development (QFFD) hosted the side event ‘Invest in adequate social protection for women and girls to drive meaningful change across all Sustainable Development Goals (SDGs)’. This session underscored the urgent need to strengthen universal, inclusive…
A Union flag flutters from a pole atop the Bank of England, in the City of London on August 7, 2025. Niklas Halle’n | Afp | Getty Images LONDON — The Bank of England on Thursday voted narrowly to hold interest rates steady, exercising caution ahead of the government’s Autumn Budget in November. Out of…
