Africa
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Africa
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Are there lessons for startups in the demise of African Bank?
By Aki Kalliatakis
Entrepreneurship

Africa, News

DEMO Africa 2014 to kick-off with special investor summit 24 September

DEMO Africa 2013 DEMO Africa is one of the continent's biggest and most extensive startup competitions. Earlier this year, the annual initiative announced the top 40 up-and-coming tech companies on the continent to present their ideas during the three day event running from 24 - 26 September 2014. DEMO Africa 2014 will kick-off with a special investor summit in Lagos, Nigeria to focus on the the future of angel investing on the continent. Angel investor networks including Cairo Angels, Lagos Angels Network, Ghana ...

Twitter

More than just words: Dragon’s Den judge interview sparks serious Twitter debate on SA startup space

Vinny-photies-2 A war of words seems to have broken out on Twitter following the publication of our interview with entrepreneur Vinny Lingham yesterday. Lingham will be appearing as one of the dragon's in South Africa's version of the popular entrepreneur pitching show, Dragon's Den. In our interview, Lingham stated that he felt "very few people" in the South African tech investment landscape understood technology and how to go about making worthwhile investments in the sector. Lingham's comments, which were made largely on ...

Africa, Startup news

Microjobbing startup M4JAM boasts over 7k tasks completed on launch day

M4Jam-logo South African microjobbing startup Money for Jam (M4JAM) has announced that 7 404 jobs were completed within the first 24 hours of its launch last week. M4JAM co-founder Andre Hugo says the community response has exceeded the startup's expectations. “The adoption, quality [of jobs and jobbers] and engagement have been amazing. It’s been 100 times more positive than we could ever have hoped for,” he says. The service currently leverages the mobile social networking platform WeChat, which companies can use to allocate simple ...

Africa, Entrepreneurship, Interviews

[Exclusive] Fresh off the Dragons’ Den set: Ventureburn chats to Vinny Lingham

Vinny-photies The announcement of the judges for the South African version of Dragons' Den was pretty much the headline news of the week in the country's entrepreneurial space. The show is set to air in South Africa in the coming months, with 13 episodes of startups pitching to the Dragons for investment. One said Dragon, Vinny Lingham, of Yola and Gyft fame, popped round Ventureburn’s Woodstock offices in the Silicon Cape for an interview. Lingham was very hush-hush about any of the ...

Ecommerce

South Africa’s big ecommerce problem is supply, not demand

ecommerce computer card Most of the discussion about the slow growth of e-commerce in South Africa focuses on consumers. But the biggest problems may be on the supply side. We hear the same old arguments all the time. Consumers take a long time to feel comfortable about shopping online, South Africans like to touch and feel before buying, and so on. But instead of focussing on what we think is wrong with consumers, maybe we in the industry should focus on how we ...

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Africa, Startup news

Mobile PoS startup Nomanini records over one million transactions

nomanini Sub-Saharan Africa's mobile payments space is getting more exciting by the day. South Africa based mobile Point of Sale (PoS) startup Nomanini today announced that vendors and micro-entrepreneurs have made more than a million transaction using its system since its founding in 2010. Nomanini is popular for its mobile PoS terminal which gives the merchant the ability to sell airtime, electricity, insurance process other cash based transactions. Just a few weeks ago, Nomanini received a second round of investment ...

Africa, Startups

6 clever tech startups trying to pop Africa’s remittance bubble

remittance Remittance is a massive cash cow in Africa and the rest of the developing world. The service fees for transacting money from across the continent or abroad amounts to an estimated US$60-billion – a ridiculous amount that’s even said to outweigh Western aid in the continent. But the cost isn't limited to taxing financial fees. The value of time and security also affects a massive portion of the developing world. Africans sending money home from abroad are charged an average of ...

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