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Startup news

  • Here are the eight Kenyan startups selected to pitch at Seedstars Nairobi

    Seedstars World, one of the world's largest startup competitions, has selected the eight Kenyan startups to pitch at Seedstars Nairobi this Friday (21 September). The eight will pitch in front of a panel of judges who include Africa's Talking CEO Samuel Gikandi, Umtati Capital co-founder Munyutu Waigi, Omidyar Network investment principal Teresa Mbagaya and Seedstars East Africa associate Maryam Mgonja. The winner of the pitch event, which is being held with the support of Nailab and Bora Digital, will win an all-inclusive trip to attend the Seedstars Summit in Switzerland in April next year where they stand to win up to $1-million in...

  • Ghanaian fintech Inclusive selected for Google’s machine learning programme

    Accra based fintech startup Inclusive Financial Technologies has been selected to join Google Launchpad Studio's applied machine learning acceleration programme for fintech startups. The Ghanaian startup -- which was founded in 2016 by CEO Paul Damalie and CTO Dela Ayivor -- has developed Inclusive ID. The software is a single identity verification API that enables financial services providers to meet Anti Money Laundering (AML), Know-Your-Client (KYC) and Counter Terrorist Financing (CTF) compliance. Inclusive Financial Technologies was the only African startup selected to join the accelerator's cohort of 10 startups. The remainder of the companies participating in the programme hail from the US,...

  • Luno to open new headquarters in Joburg, hire over 30 staff for office

    SA bitcoin exchange Luno announced today that it will be opening a Johannesburg office. The office will serve as Luno’s regional headquarters for Africa. The news follows hot on the heels of a report by Ventureburn last month that the London-headquartered company with teams based in several cities across the world — had embarked on hiring 40 new employees for its Cape Town office (see here), In a statement today, Luno said in addition to building out the Africa coverage team, the Johannesburg office will also be home to a brand new engineering team. Luno is currently seeking to recruit over 30 staff for the new office, with...

  • Cellular network body GSMA opens entries for 2019 Global Mobile Awards

    The GSMA -- the Groupe Spéciale Mobile Association, the trade body that represents the interests of mobile network operators worldwide -- has announced that entries for the 2019 Global Mobile Awards (GLOMO Awards) are now open. Applications for the awards -- which aim to honour and celebrate the greatest achievements and innovation across the mobile industry with 42 awards presented across 10 categories -- close on 21 November. The awards are open to companies across the entire mobile ecosystem. Winners will be announced during the GSMA Mobile World Congress which will take place between 25 and 28 February. Entries for the GSMA's 2019 Global...

  • Egypt’s Elkrem selected for US-based ConsenSys Ventures’ Tachyon accelerator

    Egyptian blockchain startup Elkrem is among 16 companies that have been selected for San Francisco based blockchain venture production studio ConsenSys Ventures' Tachyon accelerator. Elkrem is the only African team among the 16. The current cohort of the Ethereum-focused Tachyon accelerator programme, kicked off last week Friday (7 September) with 16 companies from around the world.  The programme will conclude with a demo day on 17 November. The Egyptian startup develops hardware and software tools for developers to build blockchain connected Internet of Things (IoT) products. As part of its participation in the 10-week accelerator -- the Cairo-based startup which was founded last year by CEO Amr Saleh and...

  • Endeavor welcomes startup Pargo and engineering group to its network

    Entrepreneurs Lars Veul and Derk Hoekert from logistics startup Pargo were two of four SA entrepreneurs from two companies that Endeavor South Africa this week welcomed into the organisation's network. The two other entrepreneurs were Ingrid Osborne and Julie Mathieson, the founders of Saryx Engineering Group. While Pargo allow consumers, companies and couriers to send and receive parcels at 2000 pickup points, Saryx Engineering Group were named the winners of the 2018 FNB Business Innovation Awards held in June. The group has also developed its own cloud-based platform, HSEC Online, which manages risk compliance documents online, in realtime, and saves clients an estimated $324-million in violation costs each year. Pargo was...

  • AIF announces 10 nominees of the 2018 Innovation Prize for Africa awards

    The African Innovation Foundation (AIF) has announced the 10 nominees for this year's $185 000 Innovation Prize for Africa (IPA) awards. Among others they include innovators who have designed -- a biodegradable seed tray for rice farming, a three-in-one urine-based test kit that examines vaginal infections, a membrane that essentially “shrink-wraps” faeces and a smart solar kiosk. In a statement yesterday (13 September), the AIF said it received more than 3000 applications from 52 African countries. The call for applications for this year's awards, now in their seventh year, was under the theme "African innovation: Investing in Inclusive Innovation Ecosystems". AIF chairman Walter Fust said...

  • MEST invests $700k in seven startups that took part in 2018 cohort

    The Meltwater Entrepreneurial School of Technology (MEST) has announced that it has invested $700 000 in seven startups that were formed from teams that took part in its 2018 cohort. The seven startups were selected following a pitch event that took place last month in Ghana. The seven, which are set to join MEST's incubators in Ghana, Nigeria and Kenya, each received $100 000 in equity investments. The startups join MEST Africa's portfolio of 36 companies. MEST's 10th cohort comprised 58 entrepreneurs hailing from Ghana, Nigeria, Kenya, South Africa, Ivory Coast and Zimbabwe. The entrepreneurs were then split into 17 teams. The seven startups...

  • South African applications for The Chivas Venture 2019 now open

    South Africa startups can now submit applications for the 2019 edition of  The Chivas Venture $1-million global innovation competition. Chivas Regal announced the launch of this year's edition on Monday (10 September). The innovation competition is aimed at innovative startups that are using business to solve social and environmental issues. The competition was first launched in 2014. Chiva's $1-million innovation competition is aimed at startups that blend profit and purpose In a statement on Monday (10 September), Chivas Regal South Africa marketing manager Radley Connor said the competition is an "amazing platform" for SA social entrepreneurs to attract investment and gain global exposure. "The competition...

  • Co-Creation Hub announces participants of inaugural FbStart Accelerator cohort

    Lagos-based Co-Creation Hub (CcHub), in partnership with Facebook, has announced the 15 teams of students and startups selected for the first FbStart Accelerator cohort currently underway at NG_Hub in Nigeria. The six-month accelerator, which kicked off with a bootcamp on 31 August, focuses on research and mentorship around deep tech solutions, namely in the fields of artificial intelligence (AI), virtual reality (VR), the Internet of Things (IoT) and data science. In a series of tweets announcing the commencement of the cohort -- which is comprised of 10 student and five startup teams -- CcHub said the teams will receive up to $20 000 in...