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All posts by Staff Reporter

  • Awief, Nedbank open applications for women’s Growth Accelerator Programme

    The Africa Women Innovation and Entrepreneurship Forum (Awief) is looking for 25 innovative early stage South African women entrepreneurs to take part in its Growth Accelerator Programme. Applications for the Nedbank sponsored programme, which will cater for a variety of sectors , will close at the end of this month (31 August). Training starts on 17 September and will be held in Cape Town and Johannesburg. The free six-week long programme is designed to support participants with the business modelling and growth strategy required to scale their enterprises, become investment ready and develop entrepreneurial leadership. Awief and Nedbank's Growth Accelerator Programme will give...

  • Winners of 2018 Resolution Social Venture Challenge announced

    Fifteen teams comprising 32 African social entrepreneurs have been selected as winners of the 2018 Resolution Social Venture Challenge. The challenge is an initiative of the Mastercard Foundation and The Resolution Project, a non-profit organisation which aims to foster youth leadership development through collaborative social entrepreneurship. A total of 30 teams of Mastercard Foundation Scholars gathered in Kigali, Rwanda to compete in the challenge, for a fellowship that includes seed funding, mentorship, and access to a network of innovators seeking global change through high impact community projects. The Resolution Social Venture Challenge winners will receive seed funding and mentorship to lead impactful projects in...

  • A whopping $25 000 up for grabs at Startup Battlefield Africa 2018

    US tech publication TechCrunch will award the founders of the winning startup at this year's Startup Battlefield Africa with $25 000 in equity-free prize money. Applications (click to apply) for the second edition of the startup competition, which will be held in Lagos, Nigeria on 11 December, are set to close on 3 September. A total of 15 startups will be shortlisted for the finals. The 15 will receive training on pitching before they duke it out in front of investors and a live audience at the Startup Battlefield event. Startup Battlefield Africa judges are looking for startups that are most likely to produce an exit...

  • TIA calls on innovators to submit funding proposals for waste, water solutions

    The Technology Innovation Agency (TIA) is calling on startups and innovators to submit proposals that tackle ewaste and waste beneficiation, as well as Acid Mine Drainage, water purification, water saving and repairing water leakages. The deadline for proposals to be submitted and considered for funding is by the end of September. Funding of R650 000 and above will be considered for successful applicants. Compulsory briefing sessions will be conducted across the country later this month to facilitate and assist applicants to understand the TIA application requirements (see below for dates). To qualify for funding applicants must have developed a proof of concept (an idea that has been...

  • Here are the finalists of the second edition of the Ecobank Fintech Challenge

    Pan-African banking conglomerate Ecobank has announced the 11 finalists of the second edition of the Ecobank Fintech Challenge. In a statement last week, Ecobank Group executive for operations and technology Eddy Ogbogu said the bank was "delighted" by the quality of the challenge finalists and had high hopes they will capitalise on the mentoring and support of the group. The 11 finalists are: Lypa (Kenya), Wallet.Ng (Nigeria), Nala (Tanzania), Litee (Benin), SESO Global (South Africa), InvestED (Sierra Leone), Secapay (Nigeria), Virtual Identity (developed by e4 from South Africa), MojiPay (Togo), Eversend(France), and Awamo (Germany). The 11 finalists will exhibit and pitch at an Innovation Fair and award's ceremony set to be held...

  • Fintech platform Mines raises $13m in Series-A round led by The Rise Fund

    US-based fintech Mines -- which was founded by a Nigerian team -- has raised $13-million in a Series-A round led by US impact investor The Rise Fund. The startup announced the funding in a statement last week. The investment will finance talent acquisition, and expansion into Africa, South America, and South East Asia. The deal will see TPG Growth's Yemi Lalude, and Velocity Capital's Willem Willemstein join Mine's board of directors. Velocity Capital, Western Technology Investments, First Ally Capital, X/Seed Capital, NYCA Partners, Persistent Capital, Singularity Investments, Trans Sahara Investments, and the Bank of Industry also participated in the round. Mines plans to use the investment to fund talent acquisition, and expansion into Africa, South America,...

  • Nedbank, Plug and Play to host The Disruption Agenda in Joburg

    SA bank Nedbank is partnering with Silicon Valley accelerator Plug and Play to bring 10 international startups to an event in South Africa next month to connect with major companies and business leaders. In an announcement yesterday, Nedbank said the event, The Disruption Agenda will be held in Johannesburg. The 10 companies are all graduates of the Plug and Play accelerator platform and were identified as relevant disruptors to solving cross-sector business challenges at a corporate level within the local market. Mika Stanvliet, a PR representative for Plug and Play and Nedbank, said she could not divulge the names of the 10 startups without getting their pre-approval first. While The Disruption Agenda will be a...

  • Top startup events in South Africa, Africa you should know about this week [13/08/2018]

    Curious about alternative ways to raise money for your startup? If you're in Joburg you might want to join FundEx 2018, a one-day conference taking place on Thursday (16 August) which will explore funding opportunities for entrepreneurs. In keeping with Women's Month, why not join the African Women in Fintech and Payments breakfast this Friday in Cape Town? In East Africa, join an i-Talks panel discussion on idea poaching this Thursday (16 August) in Nairobi. Across the continent, in Lagos, Nigeria, CcHUB Nigeria accelerator programmes manager Francis Sani will look at how entrepreneurs can build digital ventures. This article is part of a weekly...

  • Egyptian fintechs score with sandbox after AUC Venture Lab, Temenos deal

    Fintech startups in Egypt will be able to test their new products and services in a sandbox, following an announcement today that university accelerator AUC Venture Lab will collaborate with banking software company Temenos. The deal was announced in a press release today by Geneva-based Temenos and AUC Venture Lab, which is located at The American University in Cairo . Among other things, the agreement will see Temenos provide a sandbox service to the startups that utilise the accelerator. Over the past five years the AUC Venture Lab has accelerated 115 startups. The sandbox is a non-production cloud-based version of the Temenos T24 core banking system. It will enable startups to...

  • Three tech startups tapped for inaugural Savca Industry Awards

    Three SA tech startups -- fintech i-Pay, on demand cleaning platform SweepSouth, and meal delivery site Ucook -- are among nine companies that have been shortlisted for the inaugura Southern African Venture Capital and Private Equity Association (Savca) Industry Awards. The nominees were announced today (10 August) in a press release by Savca, in partnership with banking and asset managing group Investec. The awards, which recognise portfolio companies that have thrived from private equity and venture capital investment in the region, will take place on 8 November. The shortlisted companies range from startups to large companies, and represent various sizes of private equity and venture capital investments. To be nominated for the Savca Industry...