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All posts by Staff Reporter

  • Top startup events in South Africa, Africa you should know about this week [23/11/2015]

    Looking to get into the South African startup scene or scratch 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...

  • Meet the 10 startups to pitch at Seedstars Gaborone

    Rounding off its tour through the African continent, Seedstars World have chosen the 10 startups to pitch in Gaborone, Botswana. The global competition for fast-growing companies from emerging markets seeks to recognise and provide startups from more than 52 countries with networking and funding opportunities. Based in Switzerland, Seedstars World's previous participants have collectively raised US$20-million. Seedstars World kicked off its seven-month Africa tour in May this year with a mission to visit 12 different countries around the continent. These include Mozambique, South Africa, Nigeria, Ghana, Ivory Coast, Senegal, Rwanda, Uganda, Kenya, Ethiopia, and Tanzania. The winning startup from each leg will...

  • WiGroup to catalyse transacting with free open mobile payments

    South Africa "fintech startup-turned-empire" WiGroup wants to become the catalyst in growing mobile transactions. This comes after it announced that it will no longer charge a transaction fee for its open mobile payments. As company CEO Bevan Ducasse explains, this means that bank payment applications will now be able to connect to WiGroup's network of over 55 000 till lanes, without adding any additional transaction costs to their current acquiring fees charged to merchants. "Due to the ever-changing mobile landscape, and in order for all parties to benefit, including banks, retailers and end users, the need for an open and collaborative...

  • Top startup events in South Africa, Africa you should know about this week [16/11/2015]

    Looking to get into the South African startup scene or scratch 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...

  • Ideas Challenge Zambia looks to entrepreneurs to solve social problems

    The United Nations Children's Fund (UNICEF), BongoHive Technology and Innovation Hub have teamed up to launch the Ideas Challenge Zambia. With a focus on the Zambia's social challenges, the initiative is calling for ideas related to two information and health-related themes: Mapping and Focused Antenatal. Not only is the challenge looking to source ideas with social impact from the public, but it plans to turn these into viable web and mobile-based products and services. The Mapping challenge sets out to develop a platform that maps and offers locations of health facilities, schools, shops and other social facilities in Zambia. The platform...

  • New regulations set to boost private equity activity in Namibia

    New regulations in Namibia, requiring institutional investors to invest a minimum percentage of their assets into unlisted assets, are set to provide a significant boost to private equity. Daudi Mtonga, the director at private equity firm VPB, explains that the new regulations prescribe that long-term insurance companies and pension funds must now invest a minimum of 1.75% of their market values domestically into unlisted investments, with a maximum investment of 3.5%. This is a new asset class introduced by Regulations 28 and 29. CEO of the Southern African Venture Capital and Private Equity Association (SAVCA), Erika van der Merwe, says that...

  • Top startup events in South Africa, Africa you should know about this week [09/11/2015]

    Looking to get into the South African startup scene or scratch 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...

  • Top startup events in South Africa, Africa you should know about this week [02/11/2015]

    Looking to get into the South African startup scene or scratch 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...

  • South African private equity returns continue to grow, says report

    South African private equity returns continue to grow, according to a report released by South African Venture Capital and Private Equity Association (SAVCA). This finding comes at the same time the organisation released a report which found that the country's venture capital industry is worth nearly R2-billion -- the highest ever recorded. The firm, which represents approximately R170-billion in assets under management, found that the local private equity industry delivered a ten-year internal rate of return of 21.7% in June 2015 -- an increase over the 20.5% in March 2015 and 19.1% in December 2014. As noted in a press release sent to Ventureburn, a ten-year...

  • Kenya’s largest online tech players partner to help SMEs

    Kenya's largest independent merchant network Kopo Kopo and the country's online classifies PigiaMe have announced a partnership. The two companies will now be actively supporting their small and medium enterprise clients with more reach and more favourable rates. Both companies are key players within Kenya's tech scene, which means the joint partnership will be of significant interest to the country. According to a press release sent to Ventureburn, 70% of all electronic transactions in Kenya are made through mobile money (M-Pesa) platforms, which is 40% more than the country's Gross Domestic Product (GDP). This digital expansion is key to Kenya's growth. Both Kopo...

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