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All posts by Staff Reporter

  • 12 edtech startups teaching South Africans [Digital All Stars]

    Digital All Stars is a series of articles which aims to celebrate the best of South African digital. The articles, which will appear on Memeburn and Ventureburn, recognise and celebrate South Africa’s best digital entrepreneurs, business people, advertisers, and media professionals among others. The All Stars listed in the articles are compiled using a combination of our editorial team’s own knowledge, that of experts in the fields covered by each article, as well as public vote. Education is a problem in South Africa, whether it be under-funded schools, a lack of teachers, or collapsing buildings. There are private organisations trying to...

  • Your startup could be featured on 702, Cape Talk radio

    Are you a startup founder looking for that big break? South African startups have an exciting opportunity to be exposed on national radio and to be coached by well-known talkshow host and entrepreneur, Pavlo Phitidis. SA radio stations 702 and Cape Talk have partnered with Nedbank for the sixth Business Accelerator programme. Ventureburn has also teamed up with the accelerator to promote the event and foster relationships in the startup ecosystem. The aim of the Business Accelerator programme is to talk about businesses on air and make listeners aware of them, as well as help accelerate their growth in 2017. The programme is looking for companies that make a...

  • There are over 300 tech hubs in Africa and counting [infographic] [update]

    Update: Following publication of the article, the GSMA pointed out its research shows there are closer to 300 tech hubs in Africa.   Africa is becoming a place for innovation in the startup tech sector, which is in part due to the boost from tech hubs and incubators around the continent. According to research from The World Bank, as of June 2016 there were 173 tech hubs and incubators in Africa, with 32 of those being in South Africa. This is an increase of 56 tech hubs since the September 2015 version of the research. As thorough as the report is, it...

  • Impact Amplifier Investment Readiness Accelerator looking for startups

    The 2017 Impact Amplifier Investment Readiness Accelerator is looking for startups addressing social or environmental challenges to join its three-month programme. "Entrepreneurs that are focused on education, health care, housing, food security, financial inclusion, energy, water, and other climate adaptation/change issues are critical to creating a more socially just country. Yet, these businesses like many others also face a broad spectrum of challenges when trying to grow," read an excerpt from the website Impact Amplifier looks to support these businesses by providing investment readiness and acceleration services to early-stage companies. The programme will address key points, such as pitching to investors, strategic planning, revenue...

  • Call for nominations: Digital All Stars’ top edtech startups

    For Ventureburn's next Digital All Stars piece, we will be focusing on the top edtech startups in South Africa. We are looking for candidates who are using tech, or who are are tech-focused, with education startups. These can range from online courses to teaching kids how to code. Now is your chance to submit whoever you think would fit the criteria. In order to do so, please email editor@memeburn.com with the subject "Digital All Stars edtech startup nomination". The email should include the full name of the candidate, the startup, and a short 'CV' with their accomplishments and why you think they should be...

  • Equity investment in SMEs up 108% says PwC’s Accelerator global report

    PricewaterhouseCoopers' (PwC) Accelerator has released a new global report, which focuses on the equity financing market for SMEs. The report was compiled using data based on Pitchbook and World Bank Data, and looked at SMEs from 2010 to 2015. PwC's Accelerator looked at over 52 000 companies that employed under 250 people, over 81 000 known deals under EUR500-million, and over 33 000 equity investors. "The Atlas is a useful reference guide for CEOs of SMEs looking for financing. It helps them to understand the global equity financing market and to identify barriers and enablers at a global, cross-border and regional level”...

  • Seed Academy launches ‘State of Entrepreneurship’ survey

    The Seed Academy has opened up its survey The State of Entrepreneurship in South Africa - The Entrepreneurs View to all SA entrepreneurs to help portray an honest perspective of the entrepreneurial landscape. According to the incubation and funding programme, the survey came about due to high unemployment rates and poor growth related to the current economy. Survey participants could stand a chance to be a part of a one-on-one session with some of SA's leading entrepreneurs. The lineup for the one-on-one sessions includes Gil Oved, Miles Khubeka, and Ian Fuhr. This year, the survey expands the scope and focus from startups to entrepreneurs. According...

  • Mama Money expands to three more African countries

    Fintech remittance startup Mama Money, has announced aggressive expansion plans into Mozambique, Malawi, and Kenya by April. It has already expanded into Nigeria, Ghana, and Tanzania. The company started off as a money transfer service from SA to Zimbabwe, but has since expanded to include 650 Mama Money agents and 32 000 cash points for consumers to utilise. "In Zimbabwe, through Mama Money’s integration with financial institutions, we are reaching six million mobile wallets and two million bank accounts," says co-founder of Mama Money, Raphael Grojnowski, in a press release to Ventureburn. It has partnered with entities in different countries, such as 25 of the largest banks and mobile...

  • Village Capital launches competition for food entrepreneurs in Africa

    Training and investment company Village Capital in association with The Hershey Company, is looking to support food entrepreneurs in Cote D'Ivoire, Ghana, and Nigeria. The company is looking to identify and support entrepreneurs increasing access and affordability to nutritious food products in those regions. According to a statement on the VC4A website: "West African economies like Ghana, Nigeria, and Côte d’Ivoire are growing rapidly, yet nutrition for children still lags behind. In Ghana, UNICEF estimates that 57% of children under 5 are anaemic, 23% are stunted, and 30,000 children suffer from Severe Acute Malnutrition annually." Village Capital will send 10 startups to the Village Capital’s...

  • Insights from Private Equity in Southern Africa Conference

    The Southern African Venture Capital and Private Equity Association (SAVCA) recently held the annual Private Equity in Southern Africa Conference. The event was centred around "Fruitful Partnerships," which looks at private equity and venture capital managers partnering with businesses for growth. "Collaborations between private equity managers and institutional investors mobilise capital from international and local sources for productive deployment; the teamwork between private equity managers and investee companies builds better businesses, which in turn creates new employment opportunities and shapes healthier communities," says CEO of SAVCA, Erika van der Merwe, in a press release to Ventureburn. Investments by the numbers Apart from anything,...