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All posts by Staff Reporter

  • Here are the African startups that pitched at Y Combinator’s Winter 2019 Demo Day

    At least seven African startups were among the 189 companies that participated at Y Combinator's Winter 2019 Demo Day on Monday and Tuesday this week (18 and 19 March). Twice a year, the US seed accelerator invests $150 000 in selected startups, in exchange for seven percent equity from each startup selected for its winter and summer batches. The startups relocate to Silicon Valley for three months, with each batch culminating in a Demo Day. Nigeria dominates the lineup of African startups that made it into Y Combinator's Winter 2019 class, with six startups coming from the West African country. Tanzanian...

  • IBM opens nominations for black tech firms with its Techscale programme

    Established black owned tech companies in the financial services, healthcare and telecommunications sectors can get help from IBM to grow their business -- with the latest call of IBM's Techscale programme. IBM South Africa has opened applications for its six-month IBM Techscale programme. Applications can be made through Joburg-based consultancy Youth Innovation Entrepreneurship Design Institute (Yiedi) which is implementing the programme on behalf of IBM. Applications close on 10 April, while the selected companies will be announced later on in the same month. Over the course of programme, participants will get the opportunity to collaborate with decision makers from the tech...

  • Here are the 12 startups selected for Google Launchpad Africa’s third class

    Google has revealed the names of the 12 startups selected for the third cohort of its Launchpad Africa accelerator, based in Lagos. They include four startup from Kenya, three from Nigeria, two from South Africa and one each from Uganda, Senegal and Egypt. The names of the startups were revealed in a blog post by Google Developers earlier this month, in which the tech giant also revealed the names of those startups selected for its Brazil and India accelerators. Google said its team reviewed over 1000 applications in all for its Africa, Brazil and India cohorts. Applications for the Launchpad Accelerator...

  • Women tech entrepreneurs sought as nominations open for 2019 Awief Awards

    The Africa Women Innovation and Entrepreneurship Forum (Awief) has opened a call for nominations for the 2019 Awief Awards. Now in their third year, the awards are meant to highlight and celebrate the achievements of women entrepreneurs and business leaders who contribute to the transformation and development of Africa‚Äôs economy by creating jobs and opportunities across the continent. The deadline for nominations for the 2019 Aweif Awards is 15 May Nominations for the awards can be submitted across eight categories that include the Tech Entrepreneur Award, Young Entrepreneur Awards, and the Social Entrepreneur Award. The deadline for nominations is 15 May. Thereafter, Awief will shortlist...

  • SA student accommodation marketplace DigsConnect raises R12m in funding

    Cape Town based student accommodation marketplace DigsConnect has raised R12-million in investment from undisclosed investors, according to a report today by tech news site Disrupt Africa. DigsConnect's platform pairs up registered students looking for a place to stay with homeowners in Cape Town that are looking to rent out their properties on a long-term basis. Disrupt Africa reported today that the funding will go towards development of the DigsConnect's platform, sales and marketing. DigsConnect was founded in 2017 by CEO Alexandria Procter, head of technology Brendan Ardagh and head of marketing Greg Keal DigsConnect was founded in 2017 by CEO Alexandria...

  • GreenTec Capital launches foundation to promote investment in African ventures

    Frankfurt based venture capital (VC) firm GreenTec Capital Partners yesterday announced the launch of the GreenTec Capital Africa Foundation, a non-profit organisation that will promote investment in African entrepreneurship. In a statement yesterday (14 March), GreenTec Capital Partners said the foundation -- which will be led by CEO Thomas Festerling (pictured above, centre) -- will seek to drive the creation of "economic and social-added value". The GreenTec Capital Africa Foundation, the VC explained, will work closely with the continent's entrepreneurship community, public and private institutions, as well as with European and African investors and corporates. The GreenTec Capital Africa Foundation will be...

  • The South African trade and the impact on foreign investments [Sponsored]

    This is how South Africa looks like in the eyes of the foreign investor. To increase overseas funding to South African startups and corporations, the South African economy as a whole needs to improve by at least a few notches. With its natural resources, immense size, and entrepreneurial spirit - it is definitely possible. The 2010s have been a volatile decade for the South African economy. It started with a sharp but short recession triggered by the global financial crisis, was followed by a mini-commodities boom, and then a crash in the prices of gold, platinum, and iron ore, three...

  • Two African startups selected for GMC Calibrator edtech accelerator

    Sierra Leone mobile learning platform for financial inclusion Mosabi and Kenyan parenting website Mums Village have been selected for Gray Matters Capital's GMC Calibrator programme. In a statement on Tuesday (12 March), US-based impact investor Gray Matters Capital said the two will join seven other startups -- from India and Vietnam -- in the second cohort of the India-based edtech accelerator. Gray Matters Capital launched the GMC Calibrator last year with the intention to make the mobile phone a device to promote "Self Learning to Earning". The accelerator aims to do this by improving user engagement, monetisation and optimisation of mobile learning...

  • AfriLabs Annual Gathering 2019 set for October in Addis Ababa

    The fourth edition of the AfriLabs Annual Gathering will be held between 28 and 30 October in Addis Ababa, Ethiopia. AfriLabs -- a Pan-African tech and innovation hub network with over 130 members across 36 countries across the continent -- announced the dates in a statement last week. The AfriLabs Annual Gathering provides tech hubs, entrepreneurs, corporates, investors, academia and developmental agencies an opportunity to network and share knowledge. The AfriLabs Annual Gathering 2019 is themed Connect: Towards an integrated innovation ecosystem Themed "Connect: Towards an integrated innovation ecosystem" , this year's gathering will be co-hosted by AfriLabs members Tech Village, xHub and...

  • Here are the 20 startups selected for the World Bank’s L’Afrique Excelle accelerator

    L'Afrique Excelle, the francophone adaptation of the World Bank's XL Africa tech accelerator, has announced the names of the 20 startups selected to participate in the first such edition of the programme. The World Bank initiative is supported by the Tubaniso Agribusiness and Innovation Center, funded by the Italian Agency for Development Cooperation and implemented by VC4A, Suguba and SahelInnov. The programme aims to connect francophone startups across the continent with mentors and investors. In addition, as part of the programme, L'Afrique Excelle will assist participants to raise up to $5-million from investors. The L'Afrique Excelle programme will kick off later...

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