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All posts by Matthew Alexander

  • These are African Entrepreneurship Award finalists

    The African Entrepreneurship Awards have selected their 37 finalists to take part in their Presidential Round which takes place on 2 December 2016 with winners being announced three days later. The finalists will be converging on Morocco where they will be presenting their innovative businesses and ideas. Here, they will also be fielding questions in a private pitching session from those on the Presidential jury. Some of the jury members include the chairman and president of BMCE Bank of Africa, Othman Benjelloun and retired chairman of Accenture in greater China, Gong Li. The jury is also comprised of founder and executive director of Golden Baobab,...

  • Solar startup d.light secures $22.5m in funding

    Solar power manufacturer d.light has secured US$22.5-million in funding to help grow its PayGo business globally. d.light has raised US$15-million in Series D equity from multiple companies such as KawiSafi Ventures Fund, Energy Access Ventures, the Omidyar Network and NewQuest Capital Partners. They've also raised US$2.5-million in debt funding through SunFinder. "Energy Access Ventures works closely with companies bringing reliable energy access to rural and peri-urban areas, and d.light is the perfect addition to our portfolio," said managing partners of Energy Access Ventures, Dr Michael H. Gera in a press release, who will also be joining d.light's board. "This is our largest...

  • KCB announces its new job creation programme

    The Kenyan Commercial Bank (KCB) of South Sudan has launched a KShs50-billion job creation programme. This programme is intended to help aspiring and youthful Kenyan entrepreneurs within the informal sector to help ease the country's employment concerns. The programme, titled 2JIAJIRI, is expected to benefit at least 500 000 entrepreneurs within five years, creating direct and indirect jobs for more than 2.5-million people according to KCB. "We have worked out a comprehensive youth empowerment programme informed by our belief that the youth hold the greatest sway in the pace and trajectory that the East African economy will take into the future," said KCB...

  • Bua to represent Botswana at Seedstars World

    Rating app Bua, named the best startup at Seedstars World Gaborone, will go on to represent Botswanan at the global summit in Switzerland in 2017. Here, they'll compete with more than 60 startups for up to US$1-million in equity. The event took place at the University of Botswana where 10 startups competed for the coveted spot in the Swiss final. Of the startups that pitched, six were pre-selected and four were wildcards given to entrepreneurs that attended the Udugu Entrepreneurship Week. Bua is a private rating app which allows you to rate your service privately based on whether or not it...

  • Innovation challenge: Johnson & Johnson opens entries

    Healthcare brand, Johnson & Johnson has recently opened up entries to their new Africa Innovation Challenge. The challenge will aim to support and develop the continent's entrepreneurs as well as continue to develop consumer health solutions. It will also serve as the company's latest approach to advancing healthcare and global innovation. "Through the Africa Innovation Challenge, we have the opportunity to support the continent's top entrepreneurs through mentorship and other resources, and by working together with local talent, to bring forward new solutions to local healthcare challenges," said MD of Johnson & Johnson, Paul Stoffels in a press release to Ventureburn. "With its...

  • TaxTim now serves SMEs with tax completion tools

    Innovative tax return tool TaxTim has  launched its tax completion tool for SMEs. Following the success of its personal tax return tool, the digital assistant will provide provisional as well as annual tax return services for small businesses. These SMEs need to be registered Pty Ltd with the Companies and Intellectual Property Commission (CIPC) as well as make less than R1-million turnover for the tax year. "When we started this venture, our vision was to transform the tax return process for all taxpayers. The individual market was a natural starting point and I looked forward to the day that we would release...

  • Entries for Cap40 Business Award Gala now open

    The Cap40 Business Award Gala, to be held at the Radisson Blu Hotel, will bring together both South African and French SMEs and entrepreneurs. The event aims to celebrate the businesses and individuals for their work in contributing to the French-South African business community. The gala event will include wine tasting, 3D printing demonstrations, a dinner prepared by the Radisson Hotel chefs and finally, a pitching competition. The awards to be handed out on the evening include: Young Entrepreneur Award - Will honour young men and women under the age of 35 who have created a business that adds to the growth of the...

  • Second Seedstars Africa Summit to be held in Rwanda

    Seedstars World will be hosting the second edition of its annual African Summit in Kigali, Rwanda on 7 December. The event will bring together more than 300 startups and founders. "After 4 years of hosting competitions across the world and across the African continent, we are more excited than ever about the potential for African entrepreneurs to build global businesses," said the regional manager for Africa at Seedstars World, Marcello Schermer, in a press release. Participants of the summit from around the world will have an opportunity to share their own experiences, explore investment opportunities and collaborate with willing entrepreneurs. They will...

  • MTN holds first Digital Entrepreneur Masterclass

    Telecoms giant MTN successfully hosted their first Digital Entrepreneur Masterclass on 27 October. Hosting the event was CEO of Innate Investment Solutions, Lynette Ntuli. Recounting her experience being a 'digital savvy entrepreneur' she mentioned in a press release to Ventureburn, "The great thing about going digital is that it opens up your business to global customers. Digital ideas help elevate SMEs to the next level." One of the major points of the evening was that SMEs aren't marketing themselves well enough, especially when using online resources."Digital allows small business to level the playing fields with big business. Technology allows us to market our...

  • The Sun Exchange gets gong at Finance Africa Conference

    A crowd-funding platform, The Sun Exchange, was named the best Blockchain and Bitcoin company in SA at the Finance Africa Conference, which took place in Johannesburg. The company leases solar equipment and manages revenue collection and distribution through blockchain systems. The company uses Bitcoin as an international currency between countries, saying that transferring international currency was a time-consuming process. The crowdfunding model allows individuals to purchase solar cells or panel assets leased to various end-users. Owners have the opportunity to earn revenue in real-time for their solar equipment. Once the panels are installed, the lease associated with them will earn the investor...