• BURN MEDIA
    • Memeburn
      Tech-savvy insight and analysis
    • Gearburn
      Incisive reviews for the gadget obsessed
    • Motorburn
      Because cars are gadgets
    • Jobsburn
      Digital industry jobs for the anti 9 to 5!

All posts by Staff Reporter

  • With 32 investments, Lagos Angel Network is tops in Africa finds report

    The Lagos Angel Network (LAN) is Africa's most active angel group by number of investments with about $1.5-million currently invested across 32 investments, according to a report by the African Business Angel Network (ABAN). The report, titled Angel Investing In Africa in Africa, State of Play: Finding Product / Market Fit (a presentation is available here) was presented by ABAN president Tomi Davies at last week's Africa Early Stage Investor Summit in Cape Town. A copy of the full report will be release early next year. The study, which was carried out in partnership with infoDev and The World Bank Group between September last year and...

  • Egypt’s Swvl closes BECO Capital led Series-B round in the ‘tens of millions’

    Cairo-based transportation startup Swvl has raised an undisclosed amount in a Series-B funding round led by Dubai-based venture capital (VC) firm BECO Capital. The startup -- which was founded last year by Mostafa Kandil, Ahmed Sabbah and Mahmoud Nouh -- allows users who enter its app to book fixed rate affordable rides on its network of vans and buses that service more than 200 routes in Cairo and Alexandria. Yesterday (22 November), Forbes reported that the funding round -- which was "exceptionally oversubscribed" -- was "in the tens of millions". A number of other investors also participated in the round. They were -- Africa-focused VC...

  • Here’s who made shortlist of the 2019 Africa Prize for Engineering Innovation

    UK-based Royal Academy of Engineering has announced the 16 innovators shortlisted for this year's Africa Prize for Engineering Innovation. The shortlist includes a P2P currency exchange platform and another that tracks immunisation data. In a statement on Monday (19 November) Africa Prize judge and Cameroonian entrepreneur Rebecca Enonchong said the shortlist has come to represent "the most talented engineers on the continent". Now in its fifth year, the Africa Prize for Engineering Innovation encourages sub-Saharan African innovators to develop local solutions to challenges in their communities. The prize provides selected innovators with support that includes funding, business training, mentoring, as well as access to the academy's network...

  • Gray Matters Capital’s GMC coLABS invests $250k in Nigeria’s SonoCare

    US-based impact investor Gray Matters Capital has made a $250 000 investment in Nigerian healthtech startup SonoCare through GMC coLABS, its investment portfolio which aims to improve the lives of women. The Port Harcourt based startup -- which was founded in 2015 by managing director Dr Enokela Moses Owoicho -- currently provides an on-demand mobile diagnostic imaging service in Lafia (Nasarawa State), Sagbama (Bayelsa State) and Otukpo (Benue State). In a statement yesterday, Owoicho (pictured above, right) said the investment will help the startup to scale its operations through its mobile app in addition to deploying more mobile units. "This will push us to reach our first 200 000 pregnancies...

  • Innovators have just days left to apply for 2019 Red Bull Amaphiko Academy

    Are you a social innovator who believes you can bring about positive change through entrepreneurship? Then you have just under nine days left to apply to join the fourth edition of the Red Bull Amaphiko Academy that will take place in Durban in May next year. South African social entrepreneurs have until next week Friday (30 November) to submit their applications. Red Bull Amaphiko is a global initiative that supports social entrepreneurs who aim to drive positive change in their communities. The initiative runs an 18-month long academy which focuses on grass roots, early-stage social entrepreneurs. The Red Bull Amaphiko Academy runs an 18-month long programme which focuses on early-stage social...

  • Africa no Silicon Valley and other key takeaways from AESIS 2018 VC summit

    Cape Town last week welcomed over 300 active and aspiring investors from Africa’s early stage investing ecosystem for last week’s two-day Africa Early Stage Investor Summit (AESIS) organised by online startup funding platform VC4A and the African Business Angels Network (ABAN). Celebrating its fifth year, the summit attracted the highest ever number of early stage African investors from 35 different countries, including 25 African nations representing over 110 investor organisations -- to share expertise, experiences, and fostering collaborations to bolster the ecosystem of capital provision for African entrepreneurs. Key takeaways from the two days included: Silicon Valley will not be replicated in...

  • Samip, Code for Africa call for Cape Town media innovators to pitch products [Updated]

    The SA Media Innovation Programme (Samip) and Code for Africa are calling on media innovators in Cape Town to apply to attend the Perfect Pitch 2 competition which will be held during Code for Africa's Media Indaba Extra which takes place from next Tuesday to Thursday (27-29 November). Samip is a media initiative that seeks to accelerate digital media innovation among independent media outlets in SA. Perfect Pitch 2 -- which will take place next week Tuesday (27 November) at Code for Africa's offices in Cape Town -- will focus on revenue streams and business models. Perfect Pitch 2 follows another pitch competition Samip held earlier in the year in...

  • Knife Capital announces participants in fourth cohort of Grindstone Accelerator

    Cape Town based venture capital firm Knife Capital today announced the 12 companies that will make up the fourth cohort of its Grindstone Accelerator programme. They include an online shopping assistant, a smart security platform and an insurtech company. The year-long programme -- which kicked off on 29 October -- aims to help innovative SA companies to become investable, sustainable and exit-ready. Knife Capital partner Keet van Zyl explained that the announcement of the cohort had been delayed until this week because Knife Capital has been busy closing two deals (one which is still to be announced) and because Knife didn't "want the story to get lost in the GEW...

  • Women entrepreneurs honoured as 2018 Awief Awards announced

    The Africa Women Innovation and Entrepreneurship Forum (Awief) has announced the eight winners of its 2018 Awief Awards. They include a Kenyan innovator who harvests drinking water from air and a South African entrepreneur who runs a fibre optic cable manufacturing company. The awards, which took place in Cape Town on 9 November after the conclusion of the Awief conference, featured 40 finalists drawn from over 1200 applications from across the continent. Through the awards, Awief aims to promote excellence in entrepreneurship and innovation among women-owned businesses in all sectors and across the 54 African countries. Awief received over 1200 entries for...

  • Ugandan fintech wins Best Catapulter Award at Catapult: Inclusion Africa

    Ugandan micro-pension service and e-wallet platform Four One Financial Services has won the Best Catapulter Award from Catapult: Inclusion Africa, a bootcamp on financial inclusion organised by the Luxembourg House of Financial Technology (LHoFT) Foundation. In a statement today (20 November), the LHoFT Foundation said Four One Financial Services founder Livingstone Mukasa's final pitch -- which focused on pioneering innovations in social security for Uganda’s citizens -- had "captured the imagination" of the expert jury at a final pitch session and networking event held on 9 November when the programme concluded. Mukasa (pictured above) received €5000 prize money and entry into the 2019 African Microfinance Week. Four One Financial Services...

WP Twitter Auto Publish Powered By : XYZScripts.com