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All posts by Daniel Mpala

  • Egyptian startups increasingly turning to angels to land their first funding

    Egyptian entrepreneurs have long had to rely on the usual friends or family or on their own savings when launching a tech startup. But an increasing number are now looking to angel investors, when securing their startup's first capital. So, says Cairo Angels investment associate Muhammed Hegazy. Speaking to Ventureburn, Hegazy (pictured above, back row, right) says the mindset of Egyptian entrepreneurs towards angel investors is "starting to shift" as they consider angel investors as the "first-to-go market". He attributed this to Egyptian entrepreneurs who have come to see local angel investors as fellow entrepreneurs who understood what it takes to...

  • Entrepreneurship hub Suguba to host Francophone Africa Investors Summit

    West African entrepreneurship development platform Suguba has announced that it will host an investors summit in Bamako, Mali in March, in collaboration with the World Bank Group's L'Afrique Excelle accelerator programme and UK-based publishing house IC Publications. The event, the Francophone Africa Investors Summit (FAIS), will take place on 28 and 29 March. Suguba managing director Issam Chleuh told Ventureburn today (23 January) that keynote speakers confirmed to speak at the summit include AppsTech CEO and founder Rebecca Enonchong, Partech partner Tidjane Deme, Orange Digital Ventures' Marième Diop, Oiko Credit West Africa head and GSMA Ecosystem Accelerator and M4D Utilities...

  • Keen on operating in Europe? You’ll want to enter The Future Hamburg Award

    If you're looking to operate in Europe, The Future Hamburg Award could be your fast track to one of Europe's most vibrant startup hubs. The Future Hamburg Award -- a new support programme aimed at innovative tech entrepreneurs from around the globe -- will provide three international startup teams with immediate access to the German city. Applications close on 31 January. The city -- which hosts regional corporate offices of internet giants like Google, Facebook and Twitter -- has seen a growing number of co-working spaces, accelerator programmes and startup hubs. The Future Hamburg Award will provide three international startups with access...

  • Here are 12 challenges and competitions African tech startups can enter in 2019

    Looking for funding, incubation, corporate partnerships or maybe even media exposure? Then why not enter an innovation challenge or startup competition. With an increasing number of such challenges and competitions on offer, Ventureburn has sought to list a few you can look to enter this year.We have scoured the internet and selected ones to which African tech entrepreneurs are be eligible to apply for. Here are 12 competitions and challenges African startups can enter. As the year progresses, a number of others will be announced. Ventureburn will keep you updated of these. Startup competitions and innovation challenges are a good way for...

  • Goodwell makes $2m equity investment in Kenyan-based ecommerce firm Copia

    Dutch impact investor Goodwell Investments has made a $2-million investment in Nairobi-based consumer goods catalogue and delivery service Copia. The firm -- founded by Americans Tracey Turner and Jonathan Lewis -- uses technology and a network of over 3000 local agents to deliver goods and services to about 40 000 underserved consumers in rural Kenya. According to Turner's LinkedIn page, the company -- which today is headquartered in Nairobi -- was founded in Silicon Valley in 2013. The company's website however has it that it was founded in 2012, while US business publication Bloomberg states that Copia Global was formerly known...

  • Top startup events in South Africa, Africa you should know about this week [20/1/2019] [Updated]

    If you're in Nairobi, Kenya a memorial service will be held on Tuesday for the six employees of Nairobi-based payments company Cellulant that were killed in last Tuesday's terrorist attack at the DusitD2 hotel (see more in this story). In all 21 people were killed in the attack. In Cape Town this week? Join Luksbrands owner and founder Dustin Botha in a Founders Class event this Wednesday (23 January). For those in Johannesburg, Swiss investor and entrepreneur York Zucci will discuss best practices on how to find and keep clients, at an Innovation Hub Motivation Session which takes place on Monday morning (21...

  • SARB calls on the public to comment on consultation paper on crypto assets

    As part of its first steps to regulate crypto assets such as Bitcoin and Ethereum, The South African Reserve Bank (Sarb) today called on the public to provide comments on a consultation paper on crypto assets. The Reserve Bank, together with other members of the Intergovernmental Fintech Working Group (IFWG), released the consultation paper yesterday (15 January). In addition to the Reserve Bank, the working group includes the National Treasury, Financial Intelligence Centre (FIC), Financial Sector Conduct Authority (FSCA), and the South African Revenue Service (SARS). In a statement today (16 January), The Reserve Bank called on the public to email their...

  • How SA social enterprise startup Vollar landed a R500k investment at Slush

    Having completed 2018 with a budget of just R225 000, Stellenbosch-based social enterprise startup Vollar last month secured a R500 000 investment from an angel investor at Finnish tech conference Slush 2018. Slush, which is held annually in Helsinki, aims to connect startup founders with investors, as well as provide them access to startup networks. Last year's edition took place on 4 and 5 December. Vollar founder and CEO Kyle Ueckermann (pictured above) -- whose startup has developed a digital token for tracking and rewarding social good -- told Ventureburn yesterday (14 January) that he previously lived in Helsinki and earlier...

  • TIA announces winners of 2018 Global Cleantech Innovation Programme

    The Technology Innovation Agency (TIA) last week Friday (11 January) announced the winners of the 2018 Global Cleantech Innovation Programme for small and medium-sized enterprises in South Africa (GCIP-SA) at a gala event held at the Cape Town International Convention Centre. The programme aims to encourage local innovation in energy efficiency, green buildings, renewable energy, waste beneficiation, water efficiency and green transport. GCIP-SA is implemented by the United Nations Industrial Development Organisation (Unido) and US-based cleantech accelerator Cleantech Open with funding from the Global Environment Facility (Gef). Impulse Biomed, Inseco and Afrobodies emerged as the winners at last Friday's 2018 Global Cleantech...

  • Here’s all you need to know about Oui Capital’s $10m fund

    Are you a pre-Series A tech company valued at or below $5-million that has a scalable solution with potential to impact Africa's people? Then you might be the kind of startup that US-based venture capital (VC) firm Oui Capital is looking to invest in. The $10-million fund, which was established in 2017 by managing partner Olu Oyinsan (pictured above ) -- former vice president at Ingressive Capital -- and venture partner Swiss engineer Francesco Andreoli, will back startups that are first movers geographically or in the product or service they sell. Oyinsan told Ventureburn in an email yesterday (10 January) that...

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