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All posts by Staff Reporter

  • Meet the 10 startups selected for the #Africa4Future Accelerator programme

    Aeronautics giant Airbus and German development agency GIZ have announced the names of the 10 African tech startups that will take part in the latest Airbus Bizlab #Africa4Futute accelerator programme. #Africa4Future is a joint business accelerator initiative of Airbus and GIZ's Make IT Africa initiative together with the Meltwater Entrepreneurial School of Technology (MEST) and SA-based innovation consultancy Innocircle. The programme identifies African tech entrepreneurs using innovative aerospace-based solutions to tackle the continent's most pressing challenges such as transportation, agriculture and healthcare The 10 #Africa4Future finalists were selected from 314 startups from 19 countries on the continent The 10 hail from...

  • Ghanaian healthtech company mPharma secures over $9m in Series-B funding

    Accra based medicine benefits and inventory manager mPharma has raised over $9-million in a Series-B funding round from as yet undisclosed investors. Uganda-based tech publication Digest Africa reported on Tuesday (15 January) that the $9 729 000 that mPharma raised in exchange for a share in the six-year-old company, fell short of the $12-million that the firm was looking to raise. Digest Africa's report was informed by a US Securities and Exchange Commission filling made last Thursday (10 January). However, the filing does not reveal what percent equity the funding was in return for or who the investors -- only...

  • DFS Lab to host Dar es Salaam bootcamp on Mojaloop platform

    US-based fintech accelerator and investor Digital Financial Services Lab (DFS Lab) will in April host a bootcamp in Tanzania aimed at building on and improving Mojaloop, an open-source financial inclusion software that was released by the Bill & Melinda Gates Foundation in 2017. Mojaloop helps create inter-operable payments systems in emerging markets. The platform was built in collaboration with leading tech and fintech companies that include Ripple, Dwolla, Software Group, ModusBox and Crosslake Technologies. DFS Lab, which is also funded by the Bill and Melinda Gates Foundation, made the announcement in a press release to Ventureburn today (16 January). DFS Lab's Mojaloop...

  • UK government’s Go Global 2019 to support Kenyan, Nigerian, SA startups

    Are you running a tech startup in Kenya, Nigeria or South Africa that is solving pressing local issues? Then you might stand to benefit from 14 days of mentorship, workshops and networking in the UK -- through the British government's newly launched Go Global 2019 programme. The programme forms part of the UK Government's Department for Digital, Culture, Media and Sport (DCMS) new International Tech Hub Network and is run in partnership with the British High Commission in Kenya, Nigeria and Kenya. Through the Go Global 2019 programme, DCMS is looking to support post minimum viable product (MVP) startups in healthtech,...

  • MEST opens applications for 2019 MEST Africa Challenge

    MEST, the Pan-African training programme, seed fund, incubator and hub for tech entrepreneurs in Africa, has opened applications for the 2019 MEST Africa Challenge. Finalists of the pitch competition, which is now in its second year, stand to receive up to $50 000 in equity investment from MEST, space in a MEST incubator and the opportunity to pitch at the finals of the challenge which will be held at the 2019 MEST Africa Summit which will take place between 10 and 12 June in Nairobi, Kenya. Entrepreneurs with post-revenue tech startups based in Ghana, Ivory Coast, Kenya, Nigeria and South Africa...

  • Top startup events in South Africa, Africa you should know about this week [13/1/2019]

    Ever wondered what the differences between personal branding and business branding are? Join StartupGrind Pretoria tomorrow (15 January) as they explore this in a fireside chat with the founders of SummerTime design studio Raksha Mahabeer and Sandya Singh.If you're in Kenya you'll want to attend the Kaleidoscope Africa's Launch to Scale event in Nairobi on Thursday (17 January) where critical success factors that determine how startups move from launch to scale will be discussed. For those working with Augmented Reality (AR) and Virtual Reality (VR) in Nigeria, you won't want to miss the AR/VR Africa Meetup on Saturday (19 January)...

  • WhereIsMyTransport to take on India, Latin America after $1.85m investment

    Cape Town and London-based mobility data startup WhereIsMyTransport has secured a $1.85-million investment as part of of its Series-A round in a deal led by Mexico City-based corporate venture capital fund LiiL Ventures. Dutch impact investor Goodwell Investments also participated in the round. WhereIsMyTransport collects and provides access to public transport data, in addition to journey planning. The company was started by Chris King and Devin de Vries in 2008 in Cape Town (pictured above, on right and centre, respectively with Dave New who joined as a founder subsequently). The company relaunched in 2015 after opening an office in London. In a statement announcing the investment, De Vries described Liil Ventures as an investor that is...

  • Applications open for Tony Elumelu Foundation Entrepreneurship Programme

    Lagos-based non-profit the Tony Elumelu Foundation has opened applications for this year's edition of its eponymous Entrepreneurship Programme. The programme is open to African entrepreneurs with businesses that are less than three years old. Applications will close on 1 March. Those selected for the programme stand to benefit from $5000 in seed capital, business training, mentorship as well as access to other African entrepreneurs as well as the foundation's global networks. Applications for the 2019 Tony Elumelu Foundation Entrepreneurship Programme will close on 1 March Applications will be judged on feasibility of the business idea, market opportunity, financial understanding, scalability, leadership potential, as...

  • Here’s why you should consider attending this year’s Africa Tech Summit Kigali

    With more than 100 expert speakers, over 400 corporate decision makers and 20 breakout sessions, this year's Africa Tech Summit Kigali -- which takes place in the Rwandan capital between 13 and 15 February -- is shaping up to be one of the biggest tech events to take place on the continent. This year's edition, the second of its kind, has been split into three tracks, namely the Future Summit, Africa Startup Summit and the Creative Summit. This new format is a departure from the setup of last year's edition which only had one track aimed solely at tech startups. Africa Tech...

  • Eight SA startups to look out for in 2019

    A number of tech startups hit the headlines this year. Ventureburn has picked eight that we think readers should follow closely in 2019. They include SA's soon-to-be first app-based bank, several fintech companies, a former Seedstars World competition winner and a data analytics startup that uses drones.  Here then are Ventureburn's eight SA startups to watch out for in 2019: Bank Zero has yet to launch and has already made the news several times this year. Venture capitalist and former FNB CEO Michael Jordaan’s new app-based plans to begin beta testing in the first quarter of 2019, before launching to the public in mid-2019,...

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