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All posts by Staff Reporter

  • Here are the 40 finalists that were nominated for 2018 AWIEF Awards

    The Africa Women Innovation and Entrepreneurship Forum (Awief) has announced the finalists of its 2018 Awief Awards. In all, 40 women founders and entrepreneurs from 12 different African countries have been selected across eight different categories. The winners are set to be announced at an event in Cape Town on 9 November. Through the awards, Awief aims to promote excellence in entrepreneurship and innovation among women-owned businesses in all sectors and across the 54 African countries. A total of 40 women founders and entrepreneurs from 12 different African countries have been selected for the 2018 AWIEF Awards In a statement on Monday (17 September) Awief founder and CEO Irene...

  • Accenture in hunt for Africa’s top 30 tech startups, here’s how you can apply

    In a newly launched initiative, management consulting and professional services firm Accenture is on the hunt for Africa's top 30 tech startups. In a post on its Facebook page earlier this month, the firm said it is looking for digital pioneers who are solving critical challenges facing the continent with technology. "It’s a search for Africa’s big thinkers and big doers -- visionaries who fearlessly push the boundaries of progress to shift African innovation to the next level," the firm added, urging tech entrepreneurs who are using innovation to change lives in their communities to apply. The 30 selected startups or Tech Firestarters...

  • 11 startups to pitch at second edition of Seedstars Kinshasa

    A total of 11 of the Democratic Republic of Congo's (DRC) best startups are set to pitch at the second edition of Seedstars Kinshasa taking place this Friday (21 September). Seedstars World, one of the largest seed-stage startup competitions for emerging markets, announced the 11 startups in a statement yesterday (17 September). The startups are set to pitch in front of jury panel that will include Seedstars World senior manager Fanny Dauchez, Fsd Africa country representative Henry Plessers, Rawbank head of commercial banking Jean Paul Odent, Elan RDC business development services sector leaf Bas Zuidberg and Deloitte managing partner Bob David Nzoimbengene. Seedstars Kinshasa is...

  • Here are the eight Kenyan startups selected to pitch at Seedstars Nairobi

    Seedstars World, one of the world's largest startup competitions, has selected the eight Kenyan startups to pitch at Seedstars Nairobi this Friday (21 September). The eight will pitch in front of a panel of judges who include Africa's Talking CEO Samuel Gikandi, Umtati Capital co-founder Munyutu Waigi, Omidyar Network investment principal Teresa Mbagaya and Seedstars East Africa associate Maryam Mgonja. The winner of the pitch event, which is being held with the support of Nailab and Bora Digital, will win an all-inclusive trip to attend the Seedstars Summit in Switzerland in April next year where they stand to win up to $1-million in...

  • SA fintech JUMO closes $52m round led by Goldman Sachs

    SA fintech JUMO today announced the close of an equity funding round of $52-million led by Goldman Sachs. Also participating in the round were Proparco, the private sector financing arm of the French Development Agency (AFD), Finnfund, Vostok Emerging Finance, Gemcorp Capital, and LeapFrog Investments. It comes as in July JUMO founder Andrew Watkins-Ball (pictured above) revealed that the startup had the secured first commitments in the round -- from French development agency Proparco and Finnish development finance company Finnfund (see this story). Those commitments were secured in early June. The startup’s platform helps facilitates digital financial services such as credit and savings in emerging markets. The Finnish development took part in...

  • Kagiso Interactive’s Kryptoro offers user friendly crypto exchange [Sponsored]

    Marvel Comics, EA Games, Disney, MTN, and Mahindra Kotak Bank – apart from being among the biggest and most successful companies in technology, these names form part of the client list of SA software development firm Kagiso Interactive. Kagiso Interactive, which has regularly been voted as the Best Mobile Applications Development Company in Africa and the Middle East, has recently been touted as one of the leading companies globally to watch in the space of augmented reality (AR) and virtual reality (VR). Aware of the recent explosion of cryptocurrencies across various fields, this giant of technological solutions ventures into the cryptocurrency sphere...

  • Moroccan healthtech DabaDoc secures undisclosed investment from top insurer

    Moroccan healtech DabaDoc -- allows users to locate and make appointments with doctors online -- has secured an undisclosed investment from the startup's first institutional shareholder Axa Insurance Morocco. The investment deal, which was signed last Wednesday (12 September), is set to enhance DabaDoc's footprint in its current markets in Morocco, Algeria and Tunisia. In addition the startup will use the capital to further develop its offering. Since its launch in 2014, the startup claims over 2-million appointments have been booked through the service. In addition, DabaDoc's platform also helps medical professionals manage their practice, communicate with their patients, store records securely and optimise...

  • Luno to open new headquarters in Joburg, hire over 30 staff for office

    SA bitcoin exchange Luno announced today that it will be opening a Johannesburg office. The office will serve as Luno’s regional headquarters for Africa. The news follows hot on the heels of a report by Ventureburn last month that the London-headquartered company with teams based in several cities across the world — had embarked on hiring 40 new employees for its Cape Town office (see here), In a statement today, Luno said in addition to building out the Africa coverage team, the Johannesburg office will also be home to a brand new engineering team. Luno is currently seeking to recruit over 30 staff for the new office, with...

  • Why I invest in teams over single founders – venture capitalist [Q&A]

    You have a great idea, now you want to get funding for your startup. Do VCs prefer investing in teams or in single founder companies? For venture capitalist and co-founder of Knife Capital Keet van Zyl the choice when it comes to investing in a startup often comes down to a startup with a team as opposed to single-founder company. Over the 12 years of Knife Capital's history -- all the deals that the VC has concluded have had co-founders. Do VCs prefer to invest in a team or in a single founder, to take your idea to market? "The fact that there is more...

  • Top startup events in South Africa, Africa you should know about this week [17/09/2018]

    What is the true meaning of financial inclusion and is innovation really making a difference? If you're in Joburg you'll want to attend an Emerging Payments Association debate on this topic this Thursday (20 September). For those in Cape Town, join the MEST Africa team tomorrow at the MEST Incubator in Woodstock as they share their experience working with entrepreneurs from across the continent. In Abuja, Nigeria on Thursday (20 September), a panel of experts and thought leaders will discuss the role of innovation in improving Nigeria's health system at a health innovation thought leadership talk session to be held at Civic...