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News

  • SABC Education naming & media partner to 2016 SA Innovation Summit [SPONSORED]

    The 2016 SA Innovation Summit is a few days away and once again offers a jam-packed programme designed to ignite and accelerate innovation in every sense.  “SABC Education is proud to announce this significant naming and media partnership with the SA Innovation Summit. This partnership started already in 2015 and it’s one we are proud to be associated with. The spark has been ignited”, says Danie Swart, Head of SABC Education. “SABC Education is passionate about supporting conversations and action around the integration of innovation projects and policies that will assist innovators,” adds Swart. The 2016 SABC Education SA Innovation...

  • Afrihost to buy back majority share from MTN

    South African ISP Afrihost is looking to but back its shares from majority shareholder, MTN. The announcement came in the form of an email to customers. In the announcement Afrihost CEO Gian Visser stated that he wanted to personally let customers know about the buyback. Visser, along with other directors, family, and friends, are looking to re-aquire the 50.02% that MTN holds. In November 2014, MTN purchased a majority share in the ISP for R408-million, which equated to 50.02%. The other 49.50% was retained by the then current shareholders. Read more: MTN acquires controlling stake in Afrihost but nothing changes says CEO "And we're...

  • innovateAFRICA: a $1-million fund for enterprising newsrooms in Africa

    Whether you accept it or not, journalism is changing fast in the modern age. Traditional media and even digitally focused newsrooms are facing a host of challenges, so what are writers and editors to do? If you think your newsroom is innovative or has a unique solution to overcome these obstacles, you can apply for the US$1-million innovateAFRICA Fund, which aims to support digital innovations and "leapfrog technologies". The programme, which is open to both individuals and mainstream organisations, will deliver mentorship, seed funding and technology support to successful applicants, innovateAFRICA custodians Code for Africa announced in an emailed press statement. "innovateAFRICA will provide grants from $12 500 to...

  • South African Business Angel Network to fill key gap?

    Right now in the South African funding landscape, there is a gap between the 'friends, fools and family' money at the base of the funding pyramid and the post revenue, typical venture capital (VC) stage of funding. This week's launch of SABAN (South African Business Angel Network), the professional association for the South African early stage investor community, is committed to filling this gap. Christopher Campbell, co-founder of SABAN and MD of Socius, says the intention behind SABAN is to "give the local entrepreneurial ecosystem the bridge it needs to get more early stage businesses ready for the R5 million+ VC stage of investment". "Today's launch was to introduce...

  • Sanlam, Business/Partners announce finalists for 2016 Entrepreneur of the Year competition

    Sanlam, in conjunction with Business/Partners, has announced the 15 finalists in the 2016 Entrepreneur of the Year competition. The winners will be announced on 1 September at an awards breakfast in Johannesburg. The finalists will be competing for a chance to win prizes worth R2-million, along with cash prizes of R425 000. "Beyond monetary prices, previous finalists have benefitted greatly from the various networking opportunities and associated media exposure that the competition offers. Past winners have also gone on to win international awards and form valuable partnerships as a result of their success in the competition," writes spokesperson for the 2016 Entrepreneur of the Year...

  • Seedstars World lists 10 startups to compete in Côte d’Ivoire

    International pitching competition, Seedstars World, returns to Abidjan, Côte d’Ivoire. The event will take place on 29 august at Colab Abidjan. The startups will be competing for an opportunity to win up to US$1-million in the Seedstars World final in Switzerland, with the main prize being US$500 000 in equity investment. "We honestly think the best way to have an impact in emerging countries is by investing and promoting entrepreneurship in emerging markets. We look forward to seeing how the Ivorian startup scene has evolved in a year and we are excited to discover the new startups in Côte d’Ivoire," said associate for...

  • What to expect when Seedstars World heads to Accra

    The next leg of Seedstars World will take place in the capital of Ghana, Accra, on Sunday 21 August 2016. The event, which will be hosted at Impact Hub Accra, will see ten startups pitch in front of a panel of esteemed judges such as Associate for Seedstars World Selam Kebede and Executive Secretary for African Entrepreneurs Hub, Mansa Ayisi-Okyere. Other judges include Director of EDEL Technology Consulting, Ethel Cofie; Investor relations for Ghana Angel Investors Network Leticia Browne and Director of GhanaThink Foundation, Ato Ulzen-Appiah. This leg of Seedstars World is possible due to the support of Impact Hub Accra and other...

  • Why chat apps are making it big in Asia

    Asia is home to WeChat, LINE, Kakao, and Viber – local solutions that are proving to the world how chat apps are the future of mobile. In Asia, these chat platforms give consumers access to dozens of critical services like peer-to-peer and online payments, transportation, financial services, sparking a wave of new chat- first application innovations and enabling customers without bank accounts or credit cards to participate in the digital economy. In the week the Japanese messaging app Line announced the year's biggest Tech IPO of over $1 Billion, we at Seedstars World break down what we can learn from...

  • DEMO Africa to host masterclass in partnership with World Bank

    A source of technical and financial assistance to developing countries, World Bank, is hosting a masterclass at DEMO Africa. The class will deal with ways in which startups can be scaled with the right team. Titled 'Venture Growth Strategies – Scaling Your Business with the Right Team,' the class aims to improve the knowledge and understanding of how to develop a thriving business while growing the team with essential members. Attendees will also learn how to set up long-term and short-term goals and successfully execute them, as well as how to use legal agreements and various compensation mechanisms. They'll also be taught the...

  • Phandeeyar launches as first tech accelerator in Myanmar

    Myanmar's (Burma) first ever tech accelerator, Phandeeyar, began accepting submissions for the programme on 17 June. Phandeeyar emerged from the Code For Change hackathon which focused on creating tech solutions for small and medium businesses. "We got a really acute sense of both the opportunity and the level of talent in the start-up community but also of the challenges they face," said David Madden to Myanmar Times. "We want to invest in this next generation of entrepreneurs who are going to build the products and services that are going to power the digital leapfrog," Madden continued. The programs selected for the accelerator receive US$25...