Government targets 80% broadband coverage by 2030. Government’s beleaguered SA Connect broadband project may have finally found a workable formula after years of delays and missed deadlines, by letting the private sector do what it does best. The initiative, which earned the nickname “SA Disconnect” due to repeatedly rolled-over deadlines and government’s inability to execute,…
The safety of those on the road – whether driver or passenger – is increasingly being made the responsibility of the private sector. Last month, government gazetted the National Land Transport Amendment Act and its amended regulations, which aim to regulate the e-hailing sector and boost the protection of drivers and passengers. E-hailing companies have…
A $125 billion fund will use profits from global markets to invest in forest protection. Can we trust the same financiers driving deforestation to save the world’s forests? The UK and US financial sector are better known for financing businesses driving deforestation. But now, the government of Brazil is seeking their advice on how to…
Across Nigeria, many privately-owned healthcare facilities face funding bottleneck. Pharmacies watch their shelves empty as they struggle to restock essential drugs. Laboratories, unable to afford new equipment needed for diagnoses, and clinics are forced to turn patients away, as they face financial constraints that limit the services they can provide. For banks, credit unions, and…
Dado Ruvic/Reuters Videogame giant Electronic Arts will be taken private in a record-breaking US$55-billion leveraged buyout by a consortium consisting of private equity firm Silver Lake, Saudi Arabia’s Public Investment Fund and Jared Kushner’s Affinity Partners, the company said Monday. The deal for the maker of Battlefield underscores how deep-pocketed investors are betting on the…
When seven expectant mothers in Palm Beach County had their babies delivered by midwives at Florida Woman Care, one of the largest female health care operations in the state, the cost should have been at least 20% less than what physicians charge. Instead, Florida Woman Care documents show, the women were all billed at the…
Earlier this year, Lagos-based private equity firm Aruwa Capital Management invested in Yikodeen, a Nigerian manufacturer of safety boots for workers in the oil and gas, construction, power and manufacturing sectors. Founded by entrepreneur Yinka Atunde, Yikodeen is capitalising on increasing health and safety requirements in workplaces. “With increased regulation and the need for corporations…
Adesuwa Okunbo Rhodes Interview with Adesuwa Okunbo RhodesFOUNDER and MANAGING PARTNER, ARUWA CAPITAL MANAGEMENT Lives in: Nigeria Adesuwa Okunbo Rhodes launched Lagos-based Aruwa Capital Management to tackle a significant funding gap for small businesses in Nigeria and Ghana, particularly those led by women. About six years on, the private equity firm has completed more than…
VivaJets has underscored the crucial role of private aviation in Africa’s oil and gas industry. The airline said private aviation was needed to unlock efficiency, speed, and strategic advantage in the oil and gas sector. The start-up aviation firm was a sponsor and exhibitor at the recently-concluded Nigerian Oil and Gas (NOG) Energy Week in…
Addis Ababa, — At the USA-Africa Summit 2025 in Luanda, African Union Commission Chairperson Mahmoud Ali Youssouf said the AU views U.S.-Africa private sector collaboration as a game changer in the quest for shared prosperity. African presidents, heads of state, ministers, and senior USA and African government officials and business leaders are attending the summit…
