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All posts by Staff Reporter

  • Gauteng’s Innovation Hub gets new head

    Pieter Holl is the new CEO of Gauteng government's Innovation Hub. Holl, who was officially appointed last month, replaces McLean Sibanda and was the Acting CEO from June to last month. In a statement last month, the Gauteng Growth and Development Agency and members of the Innovation Hub's board, welcomed Holl into his new position.   Prior to joining The Innovation Hub, Holl was the deputy director-general responsible for business regulation and governance at the Gauteng Department of Economic Development, a position he held for eight year. Before joining The Innovation Hub, Holl was the deputy director-general responsible for business regulation and...

  • Here are the five winners of the 2018 Ventureburn Tech Startup Survey

    Ventureburn is proud to announce the five startup founders and startup employees who have been randomly selected as prize winners after completing the 2018 Ventureburn Tech Startup Survey powered by Telkom Futuremakers. The results of the survey were publicised last month.  Those who completed the survey, stood the chance to win one of five prizes, namely: an iPhoneX, a Telkom Business in a Box Supreme solution, a one-year subscription to Ventureburn’s press release service for their startup, two cases of Jordaan’s Montegray wine and an exclusive mentoring session with legendary venture capitalist Keet van Zyl. Five participants from the 2018 Ventureburn Tech Startup Survey walked away as winners There were...

  • Sawari Ventures announces $35m first closing of $70m North Africa fund

    Egyptian venture capital firm Sawari Ventures yesterday (9 December) announced a $35-million first closing of its $70-million Sawari Ventures North Africa Fund I (SVNFI). The Cairo-based VC firm made the announcement on the sidelines of the last day of the Africa 2018 Business Forum in Sharm El Sheikh in Egypt. In a statement yesterday (9 December), Sawari Ventures stated that it aims to use the fund to invest in tech and knowledge-driven companies in Egypt, Tunisia and Morocco. The fund's first closing investors include the European Investment Bank (EIB), the Dutch Good Growth Fund which is managed by impact-focused investment manager Triple Jump, the French Development...

  • Endeavor SA to host International Selection Panel in Stellenbosch this week

    A number of SA entrepreneurs are in the running to join the prestigious club of Endeavor that supports high-impact entrepreneurs around the world -- with the non-profit's SA office set to host its 84th International Selection Panel (ISP) in Stellenbosch from tomorrow (11 December) to Thursday (13 December). Through the ISP, Endeavor aims to identify innovative and driven entrepreneurs from across the world who are committed to building big businesses that have a positive economic impact. At the ISP, business leaders interview entrepreneurs about their businesses, evaluating them on their fit with Endeavor and their growth potential. Once selected, Endeavor entrepreneurs gain access to comprehensive customised services,...

  • Top startup events in South Africa, Africa you should know about this week [9/12/2018]

    The two biggest startup events this week are Seedstars Africa Summit on Thursday (13 December) in Dar es Salaam, Tanzania and TechCrunch's Startup Battlefield Africa on Tuesday (11 December) in Lagos, Nigeria. Tied to TechCrunch Startup Battlefield Africa, Facebook will host a number of events during the week. These include: Aspiring Entrepreneurs — Digital Pitch Competition (10 December): Winners from seven Nigerian states who participated in the Aspiring Entrepreneurs Digital 2018 programme will pitch their businesses to a panel of judges for a chance to win support and prizes from Facebook and Fate Foundation. NG_Hub Start-up Mixer (10 December): A social gathering...

  • Egyptian healthtech Vezeeta does it again with $1-million raise from the IFC [Updated]

    Egyptian healthtech startup Vezeeta has raised a new, $1-million investment from the International Finance Corporation (IFC), a member of World Bank Group -- less than three months after closing a $12-million Series C funding round led by Saudi-based STV. Vezeeta has developed one of the Middle East and North Africa’s (MENA) largest healthcare booking platforms and medical practice management software. Egyptian startup publication Menabytes reported today that the deal is the IFC’s first direct investment in an Egyptian technology company. The publication quoted Vezeeta CEO and co-founder Amir Barsoum (pictured above) saying that the “IFC is a global power that will not only help fuel...

  • Kobo360 lands $6-million equity investment from World Bank’s IFC

    The IFC, a member of the World Bank Group, has announced a $6-million equity investment in Nigerian tech startup Kobo360. The startup's e-logistics platform helps connect the supply of trucks with the demand for transportation services by cargo owners in Nigeria. Today's announcement follows a $1.2-million seed round led by US venture capital firm Western Technology Investment that the startup announced in June, while earlier this year the startup was accepted into Y-Combinator’s 2018 Summer cohort, and received a $120 000 equity investment from the seed fund. Nigeria logistics startup Kobo360 has landed a $6-million equity investment from the IFC The IFC said in a statement today that the investment was led by...

  • Three Kenyan teams in running for $500k blockhain EOS Global Hackathon prize [Updated]

    UPDATE: Block.one on Friday (7 December) awarded $500 000 to the final winner of its blockchain hackathon, GeneOS. GeneOS is a blockchain-enabled data ownership, marketplace, and secure computing platform for genomic big data. The team is based in London, Italy, the US and Hong Kong. Three Kenyan teams are part of the 19 finalists competing for the $500 000 top prize at Block.one's EOS Global Hackathon grand finale in Cape Town today (7 December). The hackathon is aimed at developing blockchain solutions. Block.one, the publisher of the EOSIO blockchain protocol, kicked of the grand finale of its EOS Global Hackathon series in Cape Town on...

  • IFC announces firms selected for The Next 100 African Startups Initiative

    The International Finance Corporation (IFC), part of the World Bank, has announced the winners of  The Next 100 African Startup Initiative that will attend the Africa 2018 Forum tomorrow (7 December) in Sharm El Sheikh, Egypt. The Next 100 African Startup Initiative -- which the IFC runs in co-operation with the Egyptian Ministry of Investment and International Cooperation (MIIC) -- aims to provide up-and-coming small businesses with funding and advice. In a statement today (6 December), the IFC said more than 500 startups from 35 African countries applied to be part of the programme. The selected firms are from 25 countries and operate across more than 12 sectors...

  • Cape Town firms dominate Heavy Chef’s list of SA’s most exciting startups of 2018

    Five Cape Town based firms have been selected as Heavy Chef's "SA's Top 5 Most Exciting Startups 2018" from over 1600 entries from around the country. The five are fintech Lifecheq, healthtech LifeQ, lingerie and swimwear startup Thursdays, aerial analytics firm Aerobotics and machine learning specialists DataProphet. The list, which the events and media company started last year, aims to celebrate innovation and leadership in the SA tech community. Last year SweepSouth, Wala, Zoona, Jumo and Yoco topped the list. Over 1600 entries were submitted for Heavy Chef's SA’s Top Most Exciting Startups 2018 Speaking at an event last night (4 December) at Workshop 17 in Cape Town, Heavy...