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Africa

  • Top startup events in South Africa, Africa you should know about this week [01/02/2016]

    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...

  • Konga founder Sim Shagaya steps down as CEO

    Nigerian tech entrepreneur Sim Shagaya has announced he is stepping down as the CEO of Konga, which is one of Africa’s leading ecommerce companies. In an email sent to the company's staff, Shagaya said he is stepping down to assume the role of the chairman of the company’s board of directors. Former Konga COO Shola Adekoya has been appointed acting CEO, who will be in charge until in interim until the board has made a new appointment. Shagaya launched Konga in 2012 and has been in charge of the company since its inception. Under him, Konga grew to become one of...

  • Two SA startups to battle it out in international pitch competition

    South African companies Newtech Rail and Adfire Creative M3dia’s iMORPH3D app will compete in the international Get In The Ring finals in Colombia later this year. This comes after the two startups battled it out against seven other African startups in a pitching session in Johannesburg recently. The Get In The Ring competition made its debut last year in South Africa and is part of the Dutch House of the Future programme. Today it has participants from 64 countries, connecting more than 3 000 entrepreneurs to thousands of funders and millions of fans. The competition is brought to Africa by The...

  • African tech innovators: Our Uber moment is coming

    We all know that we face some unique challenges in Africa, driven by the lack of access to market and the relatively small skills pool to draw from. If we look at the four types of innovation (thanks to The Innovator's Dilemma for the foundation) they are: True Innovation: creating something new that has not been done before Incremental Innovation: improving something that exists Sector Innovation: taking bits of tech from other sectors to disrupt another sector Market Innovation: figuring out new ways to get to market and scale Most tech innovators focus on Sector Innovation, when in Africa our main barrier is Market...

  • Mobile Challenge Africa crowns three winners from Sub-Saharan Africa

    Last week saw the final round of the Mobile Challenge Africa (MCA) startup competition, where three exciting mobile-focused entrepreneurs were recognised for their innovations. The event is co-founded by European business school IE Business School and IMTIAZ Middle East. "It was a fantastic event where we could see the enormous talent and potential that there is in the region," says Catalina Tejero, Associate Director for the Middle East & Africa, IE Business School & IE University. Out of the eight contestants on the day -- several of which were unavailable -- three winners were chosen. The winners were Kenyan credit card processing and paying system, LipaPlus; Gifted Mom from...

  • Online entertainment startup iROKO closes $19m in deals

    Online entertainment startup iROKO has revealed that it's closed multiple deals totaling US$19-million to beef up the Nigerian company's operations and expand across the continent. The figure is made up of content development and capital funding deals from French media giant CANAL+ and existing investor Kinnevik AB. Launched in 2010 and headed by renowned entrepreneur Jason Njoku (pictured above), iROKO claims to be the largest online distributor of African content in the world. IROKOtv, for instance, claims to be the world’s largest online catalogue of Nollywood movies, with over 10 000 hours of movie and TV content streamed on-demand. “With millions more...

  • Top startup events in South Africa, Africa you should know about this week [25/01/2016]

    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...

  • 3 ways China’s slowdown yields opportunities for Africa

    Any economic news out of China makes waves in markets around the world, particularly when it’s bad. Last year’s slowdown prompted furrowed brows across the globe. Reports in December 2015 that the People’s Bank of China was using an aggressive expansionary policy to buffer lethargic growth indicated that China’s problems would persist well into the new year. Because China is a leading investor in African markets, many analysts speculated that the shift would negatively impact the continent. The International Monetary Fund even downgraded sub-Saharan Africa’s growth forecast on the basis of China’s circumstances. But Africa won’t suffer over China’s economic situation....

  • Seedstars Africa entrepreneurship summit to kick off in Morocco

    Startup initiative for emerging markets Seedstars World will host its first ever Africa summit in Casablanca, Morocco late this January. Seedstars Africa seeks to connect entrepreneurs, investors and entrepreneurship ecosystems from around the continent with the world. The initiative has partnered with Moroccan startup organisation StartupYourLife to bring together 300 startup talents, investors, speakers and mentors from over 20 different countries across Africa and Europe. “We have gathered some of the most experienced, influential and active ecosystem leaders, investors and entrepreneurs from Africa, the Middle East and Europe for a promising three-day event full of learning, inspirational speeches, and key insights...

  • 6 more lessons I have learnt about raising capital from VCs [Part 2]

    The following is an adapted version of a talk done by Clive Butkow from Grovest at the Gordon Institute of Business Science at the University of Pretoria, South Africa. Butkow boasts 28 years of management consulting experience at Accenture. Currently non-executive director of Grovest, he is also supporting and mentoring technology businesses, assisting them in driving growth. I want to share with you what I have experienced from sitting on both sides of the table on how you can increase your chances of raising capital for your business. In part one, I discussed the myth of insufficient capital in South...