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All posts by Staff Reporter

  • Kenya’s Twiga Foods secures $10m investment from IFC, TLcom

    Kenyan mobile-based B2B distribution platform Twiga Foods has secured a $10-million investment from the International Finance Corporation (IFC), venture capital firm TLcom and the Global Agriculture and Food Security Programme (GAFSP). The startup's previous investors Wamda Capital, DOB Equity, 1776 and Adolph H Lundin also participated in the round. In a statement yesterday (15 November) the IFC said its regional head for venture capital in Africa Wale Ayeni and TLcom managing partner Maurizio Caio will join the Nairobi-based startup's board as part of the deal. Twiga Foods uses mobile phone technology to match supply and demand, aggregating market participants and finding buyers for farmers’ produce. In addition, the startup's web platform...

  • Meet the winners of the Feed the Future Fall Armyworm Tech Prize

    Nairobi-based startup Farm.ink has clinched the $150 000 grand prize of the Future Fall Armyworm Tech Prize. The announcement was made yesterday (15 November). The US Agency for International Development (USAID), Land O'Lakes International Development, and the Foundation for Food and Agriculture Research announced the six winners of the Feed the Future Fall Armyworm Tech Prize yesterday at tech conference AfricaCom in Cape Town. The prize, launched in March, sought digital innovations that could help farmers manage the recent spread of fall armyworm -- a voracious agricultural pest -- in Africa. Kenya's Farm.Ink clinched the $150 000 grand prize of the Future Fall Armyworm Tech Prize Following a competitive...

  • Kalon Venture Partners, Compass Capital invest in SA startup FinChatBot

    SA venture capital firm Kalon Venture Partners and Mauritius-based VC Compass Capital have made an undisclosed investment in SA financial services chatbot providers FinChatBot. The announcement was made yesterday during the AfricArena 2018 tech conference in Cape Town. FinChatBot  develops chatbots to help financial service providers acquire and retain customers through artificial intelligence (AI) powered conversations. So far the startup has developed and services chatbot experiences for more than 10 top insurance companies and banks in South Africa. The startup -- which was founded in 2016 by Antoine Paillusseau (pictured above) and Romain Diaz -- plan to use the investment to continue their rapid growth and expand...

  • Infographic: the 2018 Ventureburn Tech Startup Survey

    The 2018 Ventureburn Tech Startup Survey, powered by Telkom Futuremakers, has delivered plenty of insights into the South African startup landscape. The survey, following on from last year's edition, saw 153 South African startup founders respond. But what should you know? You can view all the articles here, but we’ve also prepared an infographic for your convenience, outlining a selection of findings. Check it out below. *Note on the methodology the survey used: In all there were 169 respondents to the survey which was conducted using an online questionnaire, by data analytics firm Qurio. Of this number, 16 respondents were found to be employees of startups (rather than...

  • Here’s all you need to know about the Africa Innovation Challenge 2.0

    US-based pharmaceutical company Johnson & Johnson has launched the second edition of its Africa Innovation Challenge and is calling on innovators from across Africa to submit their entries before 16 January. This year's edition -- which was launched last Thursday (8 November) during the Africa Women Innovation and Entrepreneurship Forum -- aims to address the critical unmet needs of local communities in Africa while providing local entrepreneurs with support to create innovative healthcare products and services. Africa Innovation Challenge 2.0 includes six categories, which aim to address significant threats to Africa's health care systems and environment. These are: botanical solutions, mental health, packaging innovations, health...

  • Here are the 14 winners of the 2018 AppsAfrica Innovation Awards

    Tech advisory service AppsAfrica.com has announced the winners of the 2018 AppsAfrica Innovation Awards following its annual awards party held in Cape Town on Monday (12 November) evening. The awards -- which are now in their fourth year -- aim to celebrate the best in African mobile and tech, from both corporates and startups across 14 categories. In a statement yesterday (13 November), AppsAfrica.com said this year's edition attracted over 300 entries from more than 39 countries across the continent. All 14 winners will be invited to attend next year's Africa Tech Summit in Kigali on 15 February next year. This year's winners hail from...

  • Nigeria’s Terragon Group acquires Singaporean mobile ad company

    Nigerian data analytics company Terragon Group has announced that it has acquired Singaporean mobile advertising company Bizense. In a statement on Monday (12 November), the Lagos-based company did not disclose how much it had acquired Bizense for. However, Terragon stated that the acquisition deal was a "cash plus stock deal" which it went on to claim as "the first of its kind and scale in Africa". Bizense's flagship product is a mobile advertising platform for telcos, large publishers and advertising networks called Adatrix. The deal will enable Terragon to further adapt and integrate Bizense's marketing technology software for financial services institutions and consumer brands across Africa. Terragon entered into...

  • SweepSouth’s Aisha Pandor to speak at Ventureburn Tech Startup Survey launch

    SweepSouth CEO and founder Aisha Pandor has been confirmed to speak at the launch of the 2018 Ventureburn Tech Startup Survey which takes place this Thursday (15 November) at Workshop 17 in Rosebank, Johannesburg. Pandor (pictured above) last week celebrated after her startup clinched the award for the best small business category at the inaugural Southern Africa Venture Capital Association (Savca) business awards. She will also be joined on stage by business mentor Pavlo Phitidis, the CEO of Aurik Business Accelerator, who is a regular contributor to 702 Talk Radio and 567 Cape Talk Radio. The third edition of the Ventureburn Tech Startup Survey was run in partnership with Telkom Futuremakers...

  • Meet the Cape Town, Jozi startups that will pitch at Seedstars SA finals

    After holding pre-selection rounds in Cape Town and Johannesburg, emerging market startup competition Seedstars World will tomorrow (14 November) host the Seedstars South Africa Finals in Cape Town. The finals will take place at Seedspace Cape Town. At the event, seven South African startups from Cape Town and Johannesburg will compete for an opportunity to represent the country at the Seedstars Africa summit in Tanzania next month and the global summit in Lausanne, Switzerland in April next year. At the global summit, the winner stands a chance to take home up to $1-million in funding and other prizes. The Seedstars South Africa Finals will...

  • Here are the nine startups set to pitch at Seedstars Banjul this Saturday

    Seedstars World, one of the leading startup competitions for emerging markets, has announced the nine Gambian startups set to pitch later this week at this year’s Seedstars Banjul pitch event. The pitching event, which will be held on Saturday (17 November), will see nine seed-stage startups compete to represent Gambia at the Seedstars Summit in Switzerland as well as next month's Africa regional summit in Dar es Salaam, Tanzania. In addition, the winning startup will be in the running for $1-million in equity investments. A jury panel comprised of InSIST Global founder Seedy Bensouda, QCell chief information technology officer Isatou Jah, TAF Africa Global regional...