Africa Bitcoin Corporation upgrades listing to Johannesburg Stock Exchange Main Board
Africa Bitcoin Corporation (ABC), the South Africa-based Bitcoin treasury and SME financing firm, has applied to transfer its listing from South Africa’s Alternative Exchange (AltX), a board for smaller companies, to the Johannesburg Stock Exchange’s (JSE) Main Board. The transfer will move all of the company’s share classes, including its ordinary shares and preferred A, B, and C shares, to the JSE Main Board under the exchange’s General Segment classification, the company said in a statement on Monday. The JSE has approved the move set to take effect on Friday, May 22. The move is the latest step in Africa Bitcoin Corporation’s multi-exchange expansion across Africa, as it seeks to bring Bitcoin exposure to institutional investors through publicly traded stock exchanges. Questco Corporate Advisory Proprietary Limited, a South Africa-based advisory firm which previously acted as the company’s designated advisor, will become its JSE sponsor from the transfer date. In March, Africa Bitcoin Corporation completed a 3-for-1 share split and issued up to 22.9 million new ordinary shares to meet the minimum share capital requirements for a Main Board listing and additional international listings. “[Africa Bitcoin Corporation] has strategic ambitions to broaden its exchange footprint, including a potential migration to the JSE Main Board and participation on additional international trading platforms. Increasing the issued Ordinary Share capital will assist the [ABC] in achieving the minimum issued share capital criteria applicable to such exchange and market segments,” the company said in the March 25 filing. Under JSE Main Board listing requirements, companies seeking to list must have at least 25 million issued equity shares in circulation and meet one of two financial thresholds. They must either report a pre-tax profit of at least R15 million ($902,700) in the most recent financial year and hold net assets of at least R50 million ($3 million), or hold net assets of at least R500 million ($30 million). Africa Bitcoin Corporation met the profit threshold in the year ended February 2025, its last released full-year report. It earned R47.9 million ($2.9 million) in total profit. Most of it came from an R86.2 million ($5.2 million) fair value gain tied to its Altvest Credit Opportunities Fund (ACOF), the company’s SME lending arm, rather than from its core operations, according to the report. At the time, the company had 11 million ordinary shares in issue, less than half the JSE’s 25 million minimum for Main Board listings, which required it to issue additional shares. The Main Board listing gives the company more flexibility under JSE rules. Under the General Segment classification, Africa Bitcoin Corporation will not need shareholder approval to issue shares for cash, as long as the issuance stays below 10% of its issued share capital. The company can also repurchase some shares without shareholder approval and is no longer required to publish condensed financial results within three months of its financial year-end, according to the Monday filing. Africa Bitcoin Corporation, which now holds 5 Bitcoins in its reserves, said in 2025 that it planned to raise $210 million to build a Bitcoin treasury reserve, following the model popularised by firms like Strategy in the United States. The company is already listed on the Namibian Stock Exchange (NSX), and trades on the OTCQB Ventures Market in the United States. ABC is also listed on German retail trading exchanges, including the Börse Frankfurt Quotation Board, Tradegate, and Lang & Schwarz. In October 2025, Warren Wheatley, ABC’s chief executive officer (CEO) and Stafford Masie, its executive chairman, told TechCabal that the company plans to pursue further listings across Africa, including in Botswana and Kenya, as well as London. As a listed Bitcoin treasury firm, ABC could raise capital through equity issuance, buy Bitcoin with the proceeds, and give investors indirect exposure to the digital asset through publicly traded shares. Public listings also allow ABC to sidestep crypto trading restrictions in some African markets. In countries where retail crypto trading is banned, investors can still gain exposure to Bitcoin by buying shares in the company.
Read MoreMoneyHash hires Hwan Lee as Africa regional director in continental expansion
MoneyHash, a Middle East and Africa-born startup that provides payment orchestration infrastructure for businesses, has appointed Hwan Lee as its Regional Director for Africa as the company plans its expansion across the continent. Lee joins MoneyHash after more than eight years at Ozow, a South African electronic funds transfer (EFT) systems provider, where he most recently served as Head of Partnerships. Earlier in his career at Ozow, Lee also held senior commercial and business development roles focused on expanding merchant relationships and market reach. The appointment aligns with MoneyHash’s ambition of building what it previously described as a fully agnostic payments infrastructure layer capable of aggregating payment Application Programming Interfaces (APIs) and technical capabilities across providers and markets, which it could achieve by hiring the right people. “Africa represents one of the most exciting growth opportunities in global payments today,” said Nader Abdelrazik, Chief Executive Officer of MoneyHash. “Hwan’s leadership experience and deep market understanding will be instrumental as we expand across the continent and help businesses scale with greater control, flexibility, and efficiency.” Founded in early 2021 by Abdelrazik and Mustafa Eid, MoneyHash started as a payment orchestration platform focused on emerging markets, where businesses often struggle with fragmented payment systems. The company has since positioned itself as infrastructure that sits between merchants and payment providers, enabling businesses to integrate multiple gateways through one API instead of building separate integrations for each market. It offers smart payment routing, multi-currency payment processing, and a unified dashboard for complete operational control. As Regional Director for Africa, Lee will oversee MoneyHash’s commercial strategy and market development efforts across the continent, which will include strengthening partnerships with payment providers and merchants and driving business growth across priority markets. MoneyHash noted that Lee already played a role in expanding relationships with companies operating in African markets, including Luno, a cryptocurrency exchange platform, Lumepay, a digital payments company, and Moove, the Uber-backed vehicle financing startup. “I’m excited to join MoneyHash and help merchants unlock growth through stronger payment operations and modern infrastructure,” Lee said. The startup raised a $4.5 million seed round in early 2024 and a $5.2 million pre-Series A round in 2025. In its statement, it identified Africa as one of the core pillars of its international growth strategy, citing growth in digital commerce and cross-border payments across the continent.
Read MoreAs DFI money dries up, AFC is doubling down on African VC with $100 million
For nearly two decades, Africa Finance Corporation (AFC) wrote cheques for bridges, ports, mines, and subsea cables. Now, the $19 billion Africa-focused development finance institution is doing something its own board initially resisted: betting $100 million on African venture capital. Future Africa, the early-stage venture capital firm, and LightRock Africa, an impact investment firm, have received a combined $40 million anchor commitment from AFC, making them the first firms to raise capital from an unlikely backer of African venture capital. Begna Gebreyes, the head of AFC’s technology division, is leading this pivot into tech investing for one of the largest Africa-focused development financial institutions. Future Africa, the fund led by renowned tech founder and investor Iyin Aboyeji, is getting $15 million, and LightRock Africa will get $25 million as the first deployments from a $100 million fund the AFC has earmarked for African venture capital. While the AFC has previously backed African startups, it is the first time that the AFC is investing directly into an African tech venture capital firm, a pivot from writing cheques for bridges, ports, mines, and subsea cables. The investment comes as funding from development finance institutions (DFIs), historically the largest source of funding for African venture capital, fell to new lows in 2025, with only 27% of total commitments coming from DFIs. Africa-focused fund managers raised just $107 million across six final closes in 2025, an 87% year-on-year drop by value, according to the African Private Capital Association. Established in 2007 and headquartered in Lagos, AFC has total assets of $19 billion. The DFI’s board, as Gebreyes recalls, initially pushed back on the idea of investing in African venture capital firms, telling him they sat on the board of an infrastructure developer, not a VC business. But Gebreyes, an Ethiopian banker who joined AFC 12 years ago as a sector-agnostic private equity product specialist, helped convince them to reconsider their decision. Investing in tech stemmed from an observation Gebreyes and colleagues made around 2021: that what would actually make the continent competitive was digital services such as fintech, e-commerce, e-logistics, e-government, and e-health. Supporting those services would drive traffic onto the subsea cables AFC had financed and content into the data centres it was building. It would prime the pump for the infrastructure that the corporation’s traditional projects were designed to close, while bridging the same infrastructure gaps. In our conversation, Gebreyes explained why AFC waited until now to back early-stage African VC, what AFC looks for in a VC fund manager, and how AFC could reshape how African startups are funded over the next decade. This interview has been edited for length and clarity. What was the early limitation on how the AFC could participate in the technology sector? The limitation we faced was the bank’s relatively low risk appetite compared to that of venture capital investors. That meant we were really only focused on very late-stage technology companies. We ended up doing co-investments with some physical equity and VC funds into M-KOPA, Moniepoint, and LulaLend. We did the working capital for Wave. We came close to doing a transaction with MNT-Halan. These were all very well-developed companies. We were only touching the unicorns or the soon-to-be unicorns, companies that were already profitable and had critical mass. What we pointed out to our board and management was that we were not addressing the other 95%, maybe even 98%, of the venture capital ecosystem on the continent. We convinced them that, rather than retooling our whole organisation to be able to address this segment, it made more sense to do the same thing lots of other DFIs are doing, which is using a mixed approach of a fund of funds to address the early stage and then making co-investments where appropriate into the best portfolio companies. Once those companies scale up and enter growth equity or debt fundraising rounds later, we will have already done our diligence on them and developed a direct relationship that puts us in a position to invest. We have been doing the second half of that already — looking at late-stage companies. But we were not involved in getting to know those companies earlier. We have now launched this fund-of-funds programme with an initial envelope of $100 million to invest. We reached an agreement with the first two funds: LightRock Africa II and Future Africa Three. We are looking to close on both within the next month or two and fill the initial envelope with additional funds. At the same time, as a multi-billion-dollar financial institution with extensive relationships in the business community and with the governments of our member countries, we are entering the institutional investor market – foundations, endowments, and pension funds – to crowd in co-investment. These are investors who cannot easily do small fund-by-fund investments in Africa because they do not feel they have the manpower or boots on the ground. We are telling them: come and invest alongside us in proportion with the $100 million commitment we have made. Our objective is to crowd in an additional $300 to $500 million of third-party capital to invest alongside our $100 million. How did the conversations with the general partners of these firms begin? When we first started investing in the VC space, we were looking to make direct investments, not through fund managers. The only companies that really met our criteria were the big multi-hundred-million-dollar valuation tech companies—MNT-Halan, Flutterwave, Moniepoint, and M-KOPA, to name a few. Along the way, as we were talking directly with these companies about making direct investments, we started developing a rapport with a fund manager called LightRock, which was managing funds for LGT, the largest private family office based out of Liechtenstein, owned by the Prince of Liechtenstein and his family. We really liked the way they think and invest. It was no coincidence that their two lead partners both came from what was CDC Group, now British International Investment, and there was a connection in the past between
Read MoreShowmax is gone. MultiChoice’s future is now premium streaming and payments
This is Follow the Money, our weekly series that unpacks the earnings, business, and scaling strategies of African fintechs, financial institutions, companies, and governments. A new edition drops every Monday. MultiChoice still dominates Africa’s broadcasting market with 14.5 million subscribers, but its fast-growing bets now sit outside traditional television: in decoder-free Internet streaming and payments. The company, which previously operated the now-shuttered Showmax streaming platform, is now leaning on a two-pronged strategy built around DStv Stream, its premium Internet TV service, and payments business, Moment, to offset pressure on its traditional pay-TV operations. DStv Stream reflects Canal+’s effort to streamline MultiChoice’s overlapping streaming bets after years of heavy losses and rising platform costs at Showmax, in a market where subscriber scale never matched the level of investment. Rather than exiting streaming, MultiChoice is consolidating around higher-margin businesses as it seeks more capital-efficient sources of growth. Why DStv Stream works better Unlike Showmax, DStv Stream was never designed as a low-cost mass-market platform. Originally launched as DStv Now before a July 2023 relaunch, DStv Stream offers the company’s full premium pay-TV experience over the Internet, including more than 150 live channels, the SuperSport network, news channels, and on-demand programming. The platform targets consumers willing to pay for premium entertainment but unwilling to install a satellite dish or decoder. Showmax, a mobile-first, on-demand service, depended on attracting millions of lower-paying users to justify its licencing and content spend. DStv Stream, by contrast, generates significantly higher revenue per customer because it attracts a more premium subscriber base anchored by premium content. Following its relaunch in 2023, DStv Stream’s standalone subscriber base grew 139%, with more than 90% of those being entirely new customers who had never subscribed to MultiChoice, according to its 2024 report. In 2024, the company said the platform’s growth skewed heavily toward Premium-tier subscribers, a more profitable customer segment than Showmax’s entry-level audience. While MultiChoice does not disclose DStv Stream’s exact revenue figures, it reported that revenue nearly tripled in 2024 after the relaunch, before growing another 48% in 2025. Across the broader group, however, the company lost 96,000 Premium subscribers, including Compact Plus customers, in 2025, signalling a dwindling base at its highest-paying tier. It shows the headwinds the pay-TV business has to deal with, where Premium subscribers are logging off due to costs. DStv Stream, at R699 ($42) without a decoder or dish, is a cheaper entry point into the same content, and therein lies the opportunity. The economics improve further because DStv Stream eliminates one of MultiChoice’s highest costs: subsidising decoders. In 2024, MultiChoice spent $132 million subsidising decoders; by 2025, that cost fell to $54 million, partly because more customers were shifting toward decoder-free streaming. Every DStv Stream subscriber costs a fraction of what a traditional satellite customer costs to acquire. The company is now trying to convert former Showmax users into DStv Stream customers. After Showmax’s shutdown, MultiChoice offered subscribers a free DStv Stream trial followed by a discounted R99 ($6) entry-tier package. The company is playing a high-risk, high-reward bet that price value and its deeper content library will nudge former Showmax users to higher-tier plans on DStv Stream. MultiChoice Total Revenue (5-Year) Macro-headwinds hit hard in FY25, pulling total revenue down to ZAR 50.8B. Subscription Other Revenue FY21 ZAR 53.4B FY22 ZAR 55.1B FY23 ZAR 59.1B FY24 ZAR 56.0B FY25 ZAR 50.8B FY21 Breakdown Total RevenueZAR 53.4B SubscriptionZAR 44.7B84% of total Other RevenueZAR 8.7B16% of total FY22 Breakdown Total RevenueZAR 55.1B SubscriptionZAR 45.3B82% of total Other RevenueZAR 9.8B18% of total FY23 Breakdown Total RevenueZAR 59.1B SubscriptionZAR 48.6B82% of total Other RevenueZAR 10.5B18% of total FY24 Breakdown Total RevenueZAR 56.0B SubscriptionZAR 45.2B81% of total Other RevenueZAR 10.7B19% of total FY25 Breakdown Total RevenueZAR 50.8B SubscriptionZAR 40.2B79% of total Other RevenueZAR 10.6B21% of total Data: MultiChoice’s Financial Reports TechCabal Tools With Canal+ committing $115 million toward MultiChoice investment, it could deepen local content production, where shows like Adulting, Youngins, and The Real Housewives franchise already attract high viewership. If Premium subscribers continue to make up a bulk of DStv Stream’s base, the high-margin economics of the platform could sustain the content investment Canal+ is betting on. Moment and the fintech play Moment, a fintech platform partly owned by MultiChoice, started as a cost-cutting play. In 2023, when MultiChoice launched it as a joint venture with Rapyd, General Catalyst, Entrée Capital, and Raba, the company said it was paying over $60 million annually in third-party transaction fees. Moment was built to bring those payments in-house. That year, MultiChoice paid $3.3 million for an initial 25.5% stake. It later invested R151 million ($8 million) in Moment’s Seed+ round, which closed in May 2024 at a post-money valuation of $82 million, according to its report. MultiChoice initially increased its shareholding to 29.6% on a fully diluted basis. However, capital contributions from other investors in that round diluted MultiChoice’s stake to 28.5%. The company has also committed an additional $6.5 million through a simple agreement for future equity (SAFE) note, earmarked for conversion in a funding round expected in 2025. As an aggregator connected to over 200 payment partners, Moment processed $635 million in total payment volume (TPV) in 2025, a sevenfold increase from $85 million the previous year. Moment grew because MultiChoice embedded it deeply into its own ecosystem: it processed 56% of the group company’s payment volumes in 2025, up from 20% the prior year, and within South Africa alone, its share grew to 81%, according to its report. With Moment in the picture, MultiChoice reported a 5% cost savings in 2025; that uplift might seem small, but it possibly accounts for millions of dollars. By 2025, Moment’s annualised run rate, a projection of its expected annual revenue, had crossed $1 billion, according to Mawela. Moment has joined real-time payment networks in 18 countries and expanded into local and cross-border card payments across the 44 markets it covers, according to the MultiChoice 2025 report. In South Africa, it was the first to launch PayShap for instant
Read MoreSamsung One UI 9 beta is here: What Galaxy users should know
Table of contents What is One UI 9? What is new in One UI 9 Which Samsung Galaxy phones will get One UI 9 When will your phone get the update How to join the One UI 9 Beta Samsung has officially launched the One UI 9 beta, built on Android 17, starting with the Galaxy S26 series. The beta went live on May 13, 2026, in six countries, and the stable rollout is widely expected to land in July alongside the Galaxy Z Fold 8 and Z Flip 8. Here is what is confirmed, what is still based on reports, and what you can realistically expect for your phone. What is One UI 9? One UI 9 is the next major version of Samsung’s Android software, coming after One UI 8.5. According to Samsung’s Global Newsroom announcement on May 12, 2026, One UI 9 is built on Android 17, Google’s new annual Android release. Here is what Samsung has officially confirmed: Version: One UI 9.0, based on Android 17 Beta announcement: May 12, 2026 First beta pushed to devices: May 13, 2026 Eligible beta device: Galaxy S26, S26+, and S26 Ultra only, for now Beta markets (Phase 1): United States, United Kingdom, Germany, and South Korea Beta markets (Phase 2, from May 26, 2026): India and Poland Stable release: Samsung says the “full experience” will debut on “upcoming Galaxy flagship devices later this year” Samsung has not officially confirmed a stable launch date. However, multiple credible reports from Korean outlets Seoul Economic Daily and Korea Economic TV, and backed by SamMobile and Tom’s Guide, point to a Galaxy Unpacked event on July 22, 2026, in London. That event is where the Z Fold 8 and Z Flip 8 are expected to debut, running a stable version of One UI 9. Treat the July 22 date and London venue as reported, not officially confirmed by Samsung at the time of writing. What is new in One UI 9 Samsung says the beta is built around four areas: creativity, customisation, accessibility, and security. The bigger AI features are being saved for the stable release, so what you are seeing in the beta right now is lighter than past major One UI launches. Confirmed by Samsung’s newsroom 1. User interface and customisation: Quick Panel redesign: Brightness, sound, and media player controls are now independently adjustable rather than grouped together. You also get more size options to rearrange the layout however you want. Samsung Notes: New creative tools have been added, including decorative tapes and a wider range of pen line styles. Contacts app: You can now access Creative Studio directly from Contacts to design personalised profile cards, without jumping between apps. This requires the Creative Studio app, a network connection, and a Samsung Account. 2. Accessibility: Mouse Key speed adjustment: For users who navigate using an on-screen cursor via keyboard. Combined TalkBack package: Merges screen reader features previously offered separately by Google and Samsung. Text Spotlight: A new feature that shows selected text larger and more clearly in a floating window, useful if you have difficulty reading small text. 3. Security: High-risk app blocking: When Samsung’s security policy updates flag a new high-risk app, One UI 9 warns you, blocks installation and execution, and recommends you delete it. Reported by credible secondaries SamMobile, TechRadar, and 9to5Google have documented smaller visual tweaks that are visible in the first beta build, even though Samsung did not list them in the official press release: Thicker display brightness and volume sliders. The lock-screen media player widget now has colourful waveform animations. The audio-output picker also reads ‘This Phone’ instead of ‘Media Output.’ Some media control buttons now appear circular. Parental Controls have been moved to a dedicated section in Settings, away from the Digital Wellbeing menu used in One UI 8.5. SamMobile notes that One UI 8.5 already brought a major visual overhaul, so One UI 9 reads more like a refinement in these early builds. More features are likely to appear as later beta builds drop. Android 17 features Samsung inherits Because One UI 9 runs on Android 17, your phone should also pick up the platform improvements Google has built in. These are based on Google’s Android Developers blog and Android Central reporting: Floating app bubbles: Long-press any app icon in the launcher to open it in a floating bubble that stays on top of whatever else you are doing. On foldables and tablets, a bubble bar lives inside the taskbar. System-level Contacts Picker: Apps can no longer demand full access to your entire address book. Android 17 introduces a system picker that gives apps temporary access only to the specific contacts you select. Adaptive screen sizing: Google now enforces stricter rules for screens 600 dp or larger, preventing developers from locking apps to a single orientation on tablets and foldables. SMS and OTP protection: One-time codes are no longer delivered freely to apps that do not legitimately need them. There is also a new local network permission called ACCESS_LOCAL_NETWORK. Cross-device Handoff API: Lets you resume app activity across linked Android devices. This feature is still in Beta 2 of Android 17. Samsung has not officially confirmed which Android 17 features will appear in One UI 9 exactly as Google designed them. OEM software often reimplements system features differently. Treat this list as expected, not guaranteed, until the stable build lands. What is still speculative A redesigned Quick Panel music player that adapts colour to album art. This comes from tipster Alfaturk via Sammy Fans and is not in Samsung’s press release. Improvements to Now Brief, the feature that sends notification reminders during the day. Android Authority, via Sammy Fans, reported this based on early beta observations, but Samsung has not confirmed it. The ‘advanced AI features’ Samsung teased for the stable build remain unspecified. Samsung separately confirmed that Gemini Intelligence will arrive on Galaxy devices this summer but provided no specifics. Which Samsung Galaxy phones will get One UI 9 Samsung has
Read MoreHow to fix Samsung One UI 8.5 problems
Table of contents One UI 8.5 problems covered in this article Other One UI 8.5 problems users are reporting What to do if you have a general One UI 8.5 problem not listed here Samsung pushed the stable One UI 8.5 update on May 6, 2026, starting with the Galaxy S25 series in South Korea before expanding globally on May 11. The Galaxy S24 series, Z Fold 7, Z Flip 7, and foldables like the Z Fold 6 and Z Flip 6 followed shortly after. Any major software update comes with a settling-in period, and One UI 8.5 is no different. Within days of the rollout, users across Samsung’s community forums, Reddit, and tech publications started flagging a range of problems, from aggressive battery drain to missing camera features and app crashes. Some of these are confirmed bugs Samsung is actively fixing. Others are intentional changes that caught users off guard. This article covers all of them and tells you exactly what to do about each one. One UI 8.5 problems covered in this article Here is a quick look at everything this article addresses: Battery drain on the Galaxy S25 after the stable update Galaxy Enhance-X losing photo editing features after updating Voice Recorder crashing when summarising recordings Key Galaxy S26 features missing on the Galaxy S25 Notification panel button shrinking and shifting position Dual Recording and Single Take moved out of the Camera app Problem 1: Battery drain on the Galaxy S25 Galaxy S25, S25+, and S25 Ultra users are reporting heavy battery drain after installing stable One UI 8.5. One user on Samsung Members posted on May 12, 2026, that their Galaxy S25 drained 85% of its battery in a single day, with only 3 hours and 46 minutes of screen-on time. Their description: the drain was much more aggressive than during the beta phase. The same pattern is showing up on unlocked S25 Ultra units in the US and on some S24 Ultra devices that received the stable build around May 9 to 11. How to fix it After a big OS update, your phone spends a few days re-optimising background apps and reindexing storage. This can cause temporary battery drain. Give your phone 7 to 14 days before concluding. If the drain continues beyond that, work through these steps: Clear app cache for your most-used apps. Go to Settings > Apps, open each app you use heavily like Chrome, Gmail, Instagram, or WhatsApp, tap Storage, and select Clear cache. Do this for your five or six most-used apps. Samsung removed the full cache partition wipe option from the recovery menu with the February 2026 security patch, so clearing app cache individually is now the recommended alternative. Reset battery stats. Open the Phone dialer and type *#9900#. Scroll down to Battery stats Reset and tap it. Turn off Auto Blocker first (Settings > Security > Auto Blocker) and switch it back on after rebooting. Update all Samsung apps. Open Galaxy Store, tap the menu icon, and select Updates. Install everything pending. Run Galaxy App Booster. Open Good Lock, go to Good Guardians, and run a boost to clear resource-heavy background processes. Check background app limits. Go to Settings > Battery > Background usage limits, and set heavy apps like Facebook and TikTok to deep sleep. T-Mobile users: There is a specific fix for you. Keep reading below. T-Mobile Galaxy S25 fix: Uninstall the mobile services app update A Samsung US community moderator has confirmed that the latest version of the Mobile Services system app is causing unusually heavy battery consumption on T-Mobile Galaxy S25 devices. Samsung says a proper patch is coming, but you can fix it yourself right now: Open Settings and tap Apps. Tap the sort or filter icon at the top right of the app list. Toggle on Show System Apps. Search for Mobile Services and open it. Take a screenshot of the version number at the bottom of the page for your own reference. Tap the three-dot menu in the top right corner, then tap Uninstall updates. Confirm by tapping OK, then reboot your phone. The app rolls back to its factory version, and the drain stops. This workaround has also helped non-T-Mobile users, so if your carrier is different and you are still seeing a drain, it is worth trying. Problem 2: Galaxy Enhance-X loses features after the One UI 8.5 update After updating to stable One UI 8.5, some Galaxy users open the Enhance-X photo editing app and find that features like Filter Styles and Glow are simply gone, with no error or explanation. The app shows as installed and up to date, but those editing tools have disappeared from the in-app library. There is an important warning attached to this bug. One user tried to fix it by uninstalling Enhance-X and reinstalling from Galaxy Store. After uninstalling, the app stopped appearing in Galaxy Store search entirely, leaving no way to get it back. Samsung has not documented a re-installation path for this case. Samsung’s camera team has officially acknowledged the bug and confirmed that they are working on a fix. The plan is to roll it out in stages, device by device, and the moderator said it could take up to three days once the rollout begins. What to do right now The single most important thing: do not uninstall Enhance-X. Wait for Samsung to push the fix automatically. Here is what to do in the meantime: Leave Enhance-X installed. Do not touch the uninstall option. Check Galaxy Store for a pending update. Open Galaxy Store, tap the menu icon, and go to Updates. When Samsung’s staged fix reaches your device, it will appear here. If Enhance-X shows an Update prompt inside the app that leads nowhere, ignore it. That broken loop is part of the bug itself, and Samsung is patching it. Problem 3: Voice recorder app crashes during AI summarisation On One UI 8.5, the Samsung Voice Recorder app crashes the moment you try to summarise
Read MoreAfrica has seen oil shocks before. Why 2026 could be the turning point for clean energy
Africa has been here before. Oil climbs above $100, import bills balloon, Finance ministers across the continent convene emergency sessions, and somewhere in a development bank boardroom, a clean energy investment pipeline gets quietly deprioritised while everyone waits for the price to come back down. In 2008, the global financial crisis interrupted a Brent spike that had touched $147. In 2014, the shale revolution drove prices from nearly $100 to below $40 in eighteen months, pulling the fiscal rug from under the African governments that had been using commodity revenues to fund energy access programmes. In 2022, the Ukraine conflict pushed Brent above $100 and briefly reanimated continental debates about gas-to-power development that climate commitments had put on ice. Each time, the clean energy narrative bent but did not break. Investment continued growing, but slowly, episodically, and far short of what Africa’s electricity access gap and its 600 million people without power actually demanded. Today, with Brent sitting above $110 following the partial closure of the Strait of Hormuz, and S&P Global warning that Africa is disproportionately exposed to the largest oil supply disruption in recorded history, the question that every investor, policymaker, and founder in this sector should be sitting with is a simple one: is 2026 the year Africa finally converts an oil price shock into a structural clean energy shift, rather than another temporary bump? The honest answer, for the first time in the cycle’s history, is that the conditions for yes are all simultaneously present. What the pattern actually shows The chart below shows eighteen years of African clean energy investment alongside Brent crude, marking the four major oil price shock events in that period: the 2008 global financial crisis peak, the 2014 crash, the 2022 Ukraine spike, and the current Iran crisis. Previous oil shocks failed to lift Africa’s clean energy investment. 2026 is the first to arrive on a structurally different base. techcabal Insights Brent crude prices (USD/barrel) and Africa’s private sector clean energy investment (USD bn), 2008–2026 Clean energy investment Oil price shock year Brent crude price Sources: U.S. Energy Information Administration (Brent crude annual averages, 2008–2025); IEA World Energy Investment 2025 (Africa private sector clean energy investment, anchored at $17B in 2019 and $40B in 2024). Intermediate and pre-2019 values are interpolated to align with the IEA trajectory. 2025–2026 figures are projections; 2026 Brent reflects the post-Strait of Hormuz market level. Adedayo Ojo/TC Insights The pattern is consistent and instructive. Academic research published in Energy Policy covering 53 African countries confirms that oil price shocks have historically had an adverse influence on Africa’s energy transition, with the effect most pronounced in net crude oil exporting countries, where rising oil revenues reduced the urgency of transition investment rather than accelerating it. In net oil importers, the picture is more complex. Higher import costs create fiscal pressure that should theoretically accelerate the shift to domestic clean energy, but in practice, the same fiscal pressure has repeatedly made it harder to mobilise the upfront capital that renewable energy projects require. The result has been a persistent disconnect. According to the IEA’s World Energy Investment 2025 report, private sector clean energy investment in Africa tripled from around $17 billion in 2019 to almost $40 billion in 2024, a trajectory that looks impressive until you set it against the continent’s actual need. The IEA estimates that Africa requires over $200 billion annually by 2030 to achieve all its energy access and climate goals, meaning the 2024 figure covers roughly one-fifth of what is actually needed. BloombergNEF’s Africa Power Transition Factbook 2024 captures the scale of the remaining gap precisely: Africa’s share of global renewable energy investment reached 2.3% in 2023, still below its 3% share of global electricity generation, despite the continent holding 60% of the world’s best solar resources. The number has moved, but it has not moved at the pace or scale that structural change requires. Three things have changed in 2026 that were not true in any previous shock cycle, and they are worth examining carefully. The three structural differences The first is cost. Solar and wind are now cheaper than coal and gas in countries like Nigeria, Egypt, and South Africa, a condition that did not hold in 2008, barely held in 2014, and was only beginning to be true in 2022. The cost argument for delay has collapsed entirely. A finance minister who deprioritises a solar project in favour of fuel subsidies today is not making a financially conservative decision. They are making an expensive one, and the fiscal arithmetic now makes that visible. The second is the funding environment. The 2014 and 2022 shocks arrived at a moment when Africa’s clean energy financing infrastructure was fragmented, under-resourced, and largely dependent on a shrinking pool of Chinese DFI capital that has since contracted by more than 85%. Today, the financing architecture looks very different. The AfDB and UK-backed London Communiqué has created a clearer pathway for mobilising private capital into African clean energy, critical minerals and infrastructure, backed by the record $11 billion ADF-17 replenishment and a newly convened private sector innovation lab with over 150 institutional investors. Separately, the World Bank’s MIGA has approved a $1.65 billion guarantee framework specifically designed to reduce the risk perception that has historically stopped institutional capital from reaching African renewable energy projects, with six African countries in the first phase alone. The machinery to convert a price signal into deployed capital exists in 2026 in a way it simply did not in previous cycles. The third difference is the political framing. Climate compliance has always been a difficult sell in African capitals, where the political cost of energy poverty is immediate, and the reputational benefit of climate leadership is diffuse. New data from Fieldfisher shows that African renewable energy deal values quadrupled from $69 million in 2024 to $275 million in 2025, and analysts across the board now attribute the acceleration not to renewed climate ambition but to energy security concerns, a framing that
Read MoreThe Kenyan Boeing engineer who chose trucks over prestige
Charles Thuo’s career journey makes very little sense, at least until you sit down with him. By his own admission, it did not make much sense to his parents either when he walked away from a stable career path in America to chase logistics and trucking. “They’ve since come around,” he said, bursting into laughter. He studied engineering, served in the United States military, worked at aerospace giant Boeing, then walked away to drive trucks and build a logistics startup. But spend an hour with the founder of Apexloads—a logistics startup that connects cargo owners with transporters— his obsession with systems, and his frustration with broken ones, becomes clear. “I come from a very humble background, and that works in my favour,” Thuo says early into our conversation. “At Apexloads, we’re very scrappy. When we tell people we haven’t raised any money, they’re surprised. I learned resourcefulness growing up.” That resourcefulness now sits at the heart of a company trying to solve trust in logistics, one of Africa’s least glamorous but most consequential commerce problems. Apexloads is building digital infrastructure for transporters, brokers, and shippers, verification rails that Thuo believes could unlock financing, reduce payment delays, and remove inefficiency from East Africa’s freight economy. He believes logistics is about fixing the friction that taxes trade across the continent. Years spent working in the American trucking industry exposed him to systems where strangers transact seamlessly because trust is embedded into the infrastructure. Returning to Africa, he encountered endless paperwork, unverifiable operators, delayed payments, and an industry normalised around distrust. When we spoke, Thuo reflected on leaving Boeing, why Africa’s logistics startups keep failing, the cultural acceptance of inefficiency, and why verification, not payments, is the real bottleneck holding back African trade. This interview has been edited for length and clarity. When people introduce you today, they probably say, “Founder of Apexloads.” What part of your story do they consistently miss? The part that people miss is that I’m not a tech guy who discovered logistics. It’s actually that I was in logistics—I saw the inefficiencies, the waiting, dealing with brokers—and then I found technology and built a technology solution to solve that problem. You’ve lived several lives already: student, soldier, engineer, trucker. Which version of Charles Thuo do you trust the most? It’s not that the military is perfect. I was in some sketchy situations. But the military removes ambiguity. You either show up or you don’t. The mission either succeeds or it doesn’t. And you get to operate in that binary. That’s very important, especially whenever you’re dealing with a market like Africa; you have to have that clarity of mission. You can’t afford distractions or constant pivots. So I trust that version. I don’t trust comfort. The most important thing is having clarity of vision. How did being an immigrant in the US shape the way you think about building infrastructure back home? America taught me what infrastructure does, how things are supposed to work. And what you see is that trust is very cheap. In logistics, I worked for over eight years. I have never met a single broker. You work with strangers. You hire someone to deliver something from point A to point B. You get cash based on your invoices. Things just work because the rails are there. But when you come to Africa, you see the inefficiencies. That’s the real tax on commerce, because whenever trust is expensive, the transaction carries the entire cost of distrust. When you look at Africa, the only thing missing is that infrastructure. Because with infrastructure, everything else falls into place. The biggest frustration is the acceptance. Whenever I see inefficiency, that’s just a problem that hasn’t been solved. As an engineer, that’s exciting. But whenever you talk to people, and you get that cultural shrug—”Oh, this is Africa” or “This is how things work”—it’s very alarming. Because I see that the people who are supposed to fix things have kind of given up. And that’s what I find a little disturbing, because it’s a problem that can actually be solved. You earned US citizenship in uniform. Did that experience deepen your connection to Kenya, or complicate it? I got this strange feeling of what it means to fully belong to something that you’re not born into. And what you learn is that belonging is a choice. It helped deepen my connection to Kenya because these are things we take for granted. It’s one of the reasons I’m finding my way back. Even the problem we’re trying to solve, it wasn’t handed to me. It’s something we chose. And I can appreciate being Kenyan more now. Your journey reads almost like a controlled experiment in discipline—military, engineering, logistics. What habit from the US Army still shows up in how you run Apexloads? In the military, we had this thing called an AAR, an After Action Review. Every time you complete a mission, whether it’s good or bad, you do a debrief. Okay, what went wrong? What worked? That’s the most important thing for a startup because there are so many iterations. Sometimes I have to remind myself to celebrate some wins. But I’m more interested in figuring out what worked, because if it worked, you can double down. And what didn’t work, that’s just as important, if not more. That way, you can fix it. The advantage we have is that our customers’ performance windows are very limited. You’re talking to the same person. So the sooner you solve it, the easier it is to get to the next person. That debrief—after the day, after the week—to analyse it, examine it, that’s super important. Some of the products we’re releasing, especially around verification and acceptance, I find fascinating. Especially now, in the age of AI, people are very concerned about data, even if they don’t quite understand what that means. So there’s always that initial mistrust: “What do you need my Tax Compliance Certificate (TCC) for? What do you
Read MoreSamsung phones that lost software support in May 2026
Table of contents How Samsung’s update system works The three phones that lost support Quick specs comparison What losing software support means for your phone Samsung phones still receiving updates (May 2026) How to check for updates on your Samsung phone In May 2026, Samsung removed three Galaxy smartphones from its software update eligibility chart. The Galaxy A13, Galaxy A23 LTE, and Galaxy M33 5G are off the list. That means no more routine security or firmware updates for these phones. The devices still work fine, but the security protection that Samsung provided is now gone. All three phones launched in 2022 and were popular across Africa and other budget-focused markets, where the A-series and M-series have long been go-to choices. If you own any of these phones, here is what you need to know. How Samsung’s update system works Samsung publishes a monthly update eligibility chart on its mobile security portal at security.samsungmobile.com/workScope.smsb. Every month, you can check exactly which phones are still getting updates and which are not. The chart has two active tiers: Monthly updates: flagships, foldables, and select enterprise devices get security patches every month. Quarterly updates: mid-range and budget phones get patches roughly once every three months. Samsung used to have a third tier called Biannual, in which older phones would receive patches only twice a year. That tier no longer exists. Now, once a phone’s support window ends, it drops off the chart completely with no in-between step. The three phones covered in this article were all on the quarterly tier before Samsung pulled them from the May 2026 chart. Samsung One UI 8.5 now available: What Galaxy users should know The three phones that lost support 1. Galaxy A13 Launched: March 2022 The Galaxy A13 was one of Samsung’s most affordable options in 2022. It ran on Samsung’s own Exynos 850 chip and came with up to 6GB of RAM and 128GB of storage. The 6.6-inch LCD display, a 5,000mAh battery with 15W charging, and a 50MP quad-camera setup made it a solid entry-level phone for its price. It launched on Android 12 with One UI 4.0 and received two major Android upgrades, ending on Android 14 with One UI 6. After that, it moved to Samsung’s quarterly security patch schedule. As of May 2026, the Galaxy A13 has been dropped from Samsung’s quarterly update list. Sammy Fans and SamMobile, both of which track Samsung’s security scope page, confirmed the removal. In April’s chart, the A13 appeared in the same row as the A14 and A14 5G. In the May chart, that row starts at A14. The A13 is gone. 2. Galaxy A23 LTE Launched: March 2022 The Galaxy A23 LTE ran on Qualcomm’s Snapdragon 680 chip with up to 8GB of RAM and 128GB of storage. It had a 6.6-inch LCD display with a 90Hz refresh rate, a 5,000mAh battery with 25W fast charging, and a 50MP main camera with optical image stabilisation. Like the A13, it launched on Android 12 (One UI 4.1) and ended its OS journey on Android 14 (One UI 6) after two major upgrades. It was on the quarterly security update schedule before Samsung pulled the plug this month. One important thing to note: only the LTE version of the A23 lost support. The Galaxy A23 5G, which is a different device built on the Snapdragon 695, is still on Samsung’s quarterly update list. If you are in Nigeria, Kenya, Ghana, or South Africa, the LTE model was the more widely available variant, so this distinction matters to many users in those markets. Sammy Fans confirmed the removal: in April, the A23 and A23 5G were listed together. In May, only the A23 5G remains. 3. Galaxy M33 5G Launched: April 2022 The Galaxy M33 5G is arguably the most surprising of the three. It ran on Samsung’s Exynos 1280 chip, the same processor used in the more expensive A33 5G and A53 5G. It had a 6.6-inch 120Hz LCD display, up to 8GB of RAM, and came with a 6,000mAh battery in its Indian variant (the global model used a 5,000mAh cell). The 50MP quad camera setup and 25W fast charging were solid specs for a mid-range phone at the time. What makes its removal surprising is how far Samsung went with it in software. The M33 5G started on Android 12 with One UI 4.1 and received four major Android upgrades, ending on Android 16 with One UI 8. That is more than most mid-range phones from 2022 got. Some owners were hoping for One UI 8.5 as a final update, but Samsung closed the book before that arrived. Sammy Fans confirmed that the M33 5G was removed from the May 2026 chart. In April, it appeared in the same row as the M34 5G. In May, the row starts from the M34 5G. Everything Samsung announced at Galaxy Unpacked 2026 Quick specs comparison Here is a side-by-side look at the three phones: What losing software support means for your phone Your phone does not stop working. You can still make calls, send messages, take photos, and use apps you already have installed. The hardware is fine. What changes is the layer of protection that Samsung used to provide in the background. 1. Security: This is the most important change. Samsung will no longer send patches to fix newly discovered vulnerabilities in Android, the Exynos or Snapdragon platform, or One UI itself. For context, Samsung’s May 2026 security patch fixed 39 issues, two of them rated Critical. Going forward, your phone will not receive fixes like those. Bugs that could allow someone to access your device remotely, exploit your Bluetooth or Wi-Fi connection, or compromise your data will go unaddressed by Samsung. Google Play Protect, Play Services, and Google Play system updates will still come through for a while, since those come from Google, not Samsung. But they do not replace system-level patches. 2. App compatibility: Over time, apps that require newer versions of
Read MoreTrazo built a food delivery business in smaller cities. Now it wants to enter Lagos.
In 2019, Ikechukwu Nweze was trying to solve a problem in Asaba, in southern Nigeria, where he was based: ordering food online was difficult. At the time, most venture-backed food delivery startups were focused on Lagos and Abuja, where higher population density and stronger consumer demand made logistics easier to scale. Mid-sized southern cities like Asaba and Warri were ignored. Nweze, a computer science graduate who had spent years building and discarding failed startup ideas—including a social platform meant to compete with online forum Nairaland and an indigenous email service he called Vmail—believed there was an opportunity to build a hyperlocal food delivery business in underserved cities where digital commerce infrastructure was thin. Together with co-founders Adinnu Benedict, Chiedu Victor, and Abanum Chukwuyenum—all software developers—he launched OliliFood in February 2020 with two restaurant vendors and two riders. Building through Nigeria’s lockdown economy The timing was uncomfortable. A few weeks after launch, the world entered the COVID-19 lockdown that locked out most commercial activity. Yet, for OliliFood, classified as an essential service, the crisis unexpectedly accelerated early adoption. Restaurants that once relied on foot traffic pivoted toward home deliveries, and the startup found itself with a new kind of customer. “The lockdown made us realise delivery can work,” Nweze said. “We were able to serve the people of Asaba while many vendors cooked from home.” Later in 2020, OliliFood launched a mobile app and began expanding into Warri, another mid-sized city in southern Nigeria. Yet, operating outside Lagos came with structural limitations. Food delivery remains heavily concentrated in Nigeria’s larger commercial centres, where longer working hours, higher disposable income, and urban movement create stronger demand for convenience services. In smaller cities like Asaba, where commuting patterns are lighter and more residents work closer to home, food delivery frequency tends to be lower, said Nweze. “Breaking even in a small city is quite challenging,” Nweze said. “If we had hoped to break even in the near future, I think we would have closed the business.” The startup survived on bootstrapping. Outside the food delivery business, Nweze and his co-founders had built other products, most notably Vent Africa, a crypto and fintech platform launched in 2021, and Hizo, a cross-border foreign exchange service. Revenue from those ventures kept OliliFood running at a time when its food delivery unit alone could not cover its costs, said Nweze. As Inflation accelerated across Nigeria over the past few years, operating costs rose sharply. Motorcycles that once cost ₦300,000 ($219) later sold for as much as ₦1.8 million ($1,313), and fuel costs climbed significantly after the removal of Nigeria’s petrol subsidy in 2023. OliliFood adapted by developing a hybrid rider model, combining owned fleets with third-party logistics operators. “You cannot rely fully on your in-house logistics, and you cannot rely fully on third-party logistics,” Nweze said. “There has to be a balance.” The startup also changed how riders were compensated after discovering that some delivery workers used company-funded fuel allocations to run personal errands while delaying customer orders. Under its revised structure, riders earn a base salary plus commissions per completed delivery, while handling their own fuel expenses. “We’ve been able to create a model that checks these riders compared to when we were buying fuel for them,” Nweze said. Six years, two cities, and a new name Six years after launch, OliliFood has processed over 120,000 orders and generated ₦2 billion ($1.5 million) in gross merchandise value (GMV) across Asaba and Warri, according to Nweze. It currently boasts about 25,000 total users—with roughly 500 monthly active customers—and operates a 20-rider network split between five in-house riders and 15 third-party logistics partners. Now rebranded as Trazo, it plans to expand into Lagos and Abuja by the first quarter of 2027, positioning itself directly against established delivery players, including Chowdeck, Glovo, and new entrant Swoop in Lagos, as well as Heyfood in Abuja. Yet, the scale gap that Trazo must bridge is significant. Glovo, which entered Nigeria in 2021, delivered 38 million items in the country last year and has invested over ₦37 billion ($27 million) locally; it now operates in 11 cities with over 2,000 active riders and more than 6,000 vendor partners. Chowdeck, the Y Combinator-backed Nigerian food delivery startup, saw its GMV grow more than sixfold in 2024, its last reported growth, and raised a $9 million Series A round the following year. It runs a 20,000-rider network across 14 cities. Nigeria’s online food delivery market, valued at around $1.14 billion in 2025, according to research firm IMARC Group, is largely contested between those two startups in Lagos, where delivery density and repeat-ordering frequency create compounding advantages for incumbents. Against that backdrop, Trazo’s 500 monthly active customers, 20 riders, and $1.5 million in lifetime GMV paint a picture of a startup entering a different weight class. The rebrand also reflects a strategic shift in the startup’s operations. It is expanding beyond restaurant delivery into groceries, pharmaceuticals, household essentials, gas refills, and eventually, home services like cleaning and spa bookings. The founders concluded that OliliFood’s original architecture and branding were holding the company back and decided to rebuild from scratch. “The app itself couldn’t go full scale into other cities because of how it was built,” Nweze said. “And the name also limited us.” The word “Olili,” he explained, is derived from an Igbo language expression associated with feasting and food, making it difficult to extend naturally into categories beyond restaurant delivery. The argument for coming second Nweze argues that building first in smaller cities forced the company to solve operational problems that bigger-city startups rarely encounter early on: inconsistent mapping systems, thin rider supply, low order density, and weaker consumer demand for delivery services. Those lessons, he believes, now give Trazo a fighting chance in harder markets. “If a business in Lagos chooses to come down to Asaba, it will be easier for them to fail than for [Trazo] to go to Lagos,” he said. “When you have a startup that has faced a
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