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All posts by Staff Reporter

  • ProsperiProp PROPX ICO aimed at property investments now under way

    South African African fintech startup ProsperiProp's initial coin offering (ICO) which aims to help ordinary investors to gain a share of global property investments is now under way. The fintech company launched the ICO on Friday, 15 September 2017. It will run until 31 October. With only 42 days remaining the company has raised just $17 128 through the ICO. In a press release today ProsperiProp said it plans to use a two token cryptocurrency model to reinvent traditional unit trusts, making them simpler to acquire, more cost efficient and as a result a lot more profitable. It follows the appointment last week by...

  • Microsoft 4Afrika teams up with Tony Elumelu Foundation to help IT firms

    Microsoft, through its 4Afrika Initiative, has collaborated with the Tony Elumelu Foundation (TEF) to provide entrepreneurs in the foundation's entrepreneurship programme with technology-based tools, resources and mentorship. Microsoft said in a press release yesterday that through the support the two organisations will help entrepreneurs to use ICT to modernise their businesses. Microsoft Nigeria general manager Akin Banuso said the company has found that SMEs who adopt modern IT have seen 15% faster revenue growth than those not using IT. Microsoft and the Tony Emumelu Foundation will help entrepreneurs to use ICT to modernise their businesses Microsoft 4Afrika will provide TEF entrepreneurs with: Access to cloud-based software, online support and...

  • Here are the 40 entrepreneurs that will take part in Vusi Thembekwayo initiative

    Venture capitalist Vusi Thembekwayo has selected South Africa’s #Top40 entrepreneurs who will undergo an 18-month mentorship programme. The programme is hosted by Thembekwayo's MyGrowthFund, which aims to nurture high-growth entrepreneurs through funding, incubation and enterprise development. The #Top40 entrepreneurs were selected from almost 3000 SMEs who applied for the programme earlier this year, Thembekwayo said in a press release today. “The volume and quality of applications is a reflection that entrepreneurship is alive and thriving in South Africa," he said. The 40 include those running businesses that turn over as little as R1-million a year, to those that have an annual turnover of R39-million annually. The SMEs...

  • SA startup ThisIsMe selected to take part in Gartner’s Innovation programme

    Fintech startup ThisIsMe has been selected to participate in this year’s Gartner’s Innovation Programme which takes place in Cape Town from tomorrow and runs until Thursday (19 to 21 September). The programme forms part of the GartnerSymposium ITxpo, one of the world's most important gatherings of chief information officers (CIOs) and senior IT executives which showcases the latest solutions from key technology providers. The event takes place at the Cape Town International Convention Centre. ThisIsMe will participate in Gartner's Innovation Programme, which forms part of the GartnerSymposium ITxpo ThisIsMe enables businesses to reduce fraud, automate FICA and KYC checks, improve onboarding and increase revenue while providing...

  • Top startup events in South Africa, Africa you should know about this week [18/09/2017]

    Looking to get into the South African startup scene or catch up on some of your skills? Well, you've come to the right place. There are loads of competitions, networking sessions and workshops happening around South Africa and the rest of the continent (namely Kenya, Nigeria and Ghana) that we've rounded up to make your life a bit easier. This article is part of a weekly series that highlights all the top startup competitions, networking sessions, workshops and conferences around South Africa, and the greater region. If you have any event recommendations for us to add to the list, or...

  • Solar energy developer Phanes Group opens call for solar power incubator

    Phanes Group, a Dubai-based solar energy developer, has opened calls for applications to its solar power incubator programme aimed at early-stage solar energy startups working with photovoltaic (PV) technology in sub-Saharan Africa. The incubator is run in partnership with Solarplaza, Hogan Lovells, Proparco, Responsibility and RINA Consulting. It aims to assist early stage solar energy startups with access to funding, commercial and technical training as well as to equip them with insights on how to succeed in their current and future projects. Applications are open to developers with solar projects in sub-Saharan Africa focusing on photovoltaic technology. Projects must have the capacity to...

  • German accelerator F-LANE releases names of African startups for 2nd cohort

    Two startups from Africa are among five teams selected by Berlin-based accelerator F-LANE to attend the next cohort of its acceleration programme which starts next month. The six-week accelerator programme for social ventures, which is backed by the Vodafone Institute, will kick off on 9 October in Berlin. In an emailed announcement to Ventureburn, F-LANE's Gabriele Scheibert told Ventureburn that Ugandan telemedicine hub Kaaro Health and Mozambique's Mowoza, which aims to use the Blockchain to create digital retail communities for women-owned micro enterprises, are among the five teams selected for the accelerator's latest cohort. Ugandan telemedicine hub Kaaro Health and Mozambique's Mowoza will participate in F-LANE's next cohort She said the five were...

  • SA fintech company Electrum selected for Gartner Aspiring Innovators Programme

    South African fintech company Electrum, which specialises in payments technology, has been selected to participate in the Gartner Aspiring Innovators Programme. The programme aims is to highlight innovative providers of enterprise technology to attendees of the Gartner Symposium/ITxpo Africa 2017, which is being held in Cape Town from Monday to Thursday next week (18 to 21 September 2017). Over 1000 chief information officers and senior IT executives from around the world are expected to attend. In a press release today Dave Glass (pictured above), managing director of Electrum, said he is "thrilled" to be participating in the programme. "The selection by Gartner demonstrates the interest and demand...

  • Struggling with parking? These four apps could get you out of that jam [Native]

    Paying for parking is a grudge purchase to most, that is if you are lucky enough to find it in the first place. Just think back to how much time have you have wasted in the past cruising around looking for parking or queuing to pay for it? Here are four parking apps available in South Africa that do away with those pesky queues, parking tickets and the never-ending hunt for change that comes with looking for parking in our increasingly congested cities. KaChing KaChing allows you to pay for your parking by credit or cheque card. On arrival, cameras installed in the...

  • MTN Business extends deadline for App of the Year submissions

    App developers who may miss the 14 September MTN Business App of the Year submission deadline shouldn’t be despondent -- MTN Business has extended the deadline for the sixth edition of the awards to 18 September. In a press release today, Mandisa Ntloko, MTN Business SA's general manager of enterprise marketing, said the decision to extend the cut-off date for entry submissions is in response to requests for an extension from the app-development community. The overall winner of the MTN Business App of the Year will walk away with a prize to the value of R200 000. The prize money will go towards meeting the joint strategic goals with...