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  • AfriLabs extends network into North Africa, West Africa, Somaliland, Angola

    Afrilabs, a pan-African network of tech innovation hubs, has announced that it is adding 40 new hubs to its network and extending its reach to six countries: Algeria, Angola, Ivory Coast, Mali, Morocco, and Somaliland -- an autonomous region of Somalia. Afrilabs announced the expansion in a blog post on Friday (8 June). Afrilab's executive director Anna Ekeledo said the organisation had launched in 2011 with just five hubs. "The journey to 100 hubs has been an interesting one. We are thrilled with the overwhelming positive response from our network members and the tech and entrepreneurial community at large. Here’s to 100 more," Ekeledo said in...

  • Company Office

    Mama Money makes FICA simple: take a photo and a selfie

    The South African-based fintech startup that offers the cheapest cross border money transfer rates into key African countries and now into India, has introduced the easiest online registration process using its app – taking a photo and a selfie. This is a first in South Africa and is approved by the Financial Intelligence Centre and the SA Reserve Bank. Mama Money co-founder, Raphael Grojnowski (pictured above, right), explains: “To register, you simply download the Mama Money Family App from the Google Play store, enter you contact details, take a photo of your passport or ID and a selfie holding the document. This is...

  • Google opens applications for its second class of Launchpad Africa accelerator

    Google has opened applications for the second class of its Launchpad Accelerator Africa programme. The programme will now take applications from an additional 12 African countries -- to add to the six that it took applications from in the first class. The announcement was made by Google last Friday (8 June) in Lagos during the graduation of the first 12 startups from its first three-month programme. Applications for class 2 close on 8 July. The 11 new countries from which Google is accepting applications from are: Egypt, Tunisia, Algeria, Morocco, Zimbabwe, Rwanda, Cameroon, Botswana, Senegal, Ethiopia and Cote d’Ivoire. The 12 startups from Google's first Launchpad Africa cohort together...

  • Top startup events in South Africa, Africa you should know about this week [11/06/2018]

    This Saturday (16 June) marks a very important public holiday in South Africa, Youth Day. In keeping with celebrating the country's youth, if you are in Cape Town why not head down to Philippi tomorrow (12 June) to find out how three young South African female entrepreneurs started their businesses and have managed to successfully run them. If you're in Ghana, one of West Africa's biggest tech trade shows Accra Mall Mobex Tech Expo takes place this week. While in Nigeria startups will converge in Uyo for this year's edition of the Start Conference Festival. This article is part of a weekly series...

  • Go Solo for dad this Father’s Day [Sponsored]

    Dads can be tricky to buy gifts for. Golf balls, socks, hampers and CDs are grand. But, for something functional -- something they will actually use and something to last longer than a hamper of biltong -- think Solo. From New York to Johannesburg, Cape Town and Durban, thanks to Gammatek, Solo is the go-to brand for cases and bags. For work and play, Solo bags are stylish, functional and packed with character. Produced with quality, durable materials, they have great features that will impress dad. These include internal organisers and compartments for organising documents; internal pockets for keeping iPads and tablet devices safe...

  • Lumkani to extend coverage in Joburg, expand team after closing seed round

    Cape Town-based startup Lumkani is set to service more communities in Johannesburg, this after it announced yesterday (7 June) that it had closed a seed round with 4Di Capital, Accion Venture Lab and Lireas. The social enterprise startup has developed an early-warning device for fires in informal settlements and an insurance product it launched in 2016. "We are looking to extend deeper into Johannesburg," Lumkani director David Gluckman told Ventureburn today. While he declined to comment on the details of the deal, he said the startup is looking to grow its presence in Gauteng. The company currently has an office in Johannesburg. He added that the startup --...

  • KZN company headed by two women clinches FNB Business Innovation Awards

    The Saryx Engineering Group, a Richards Bay (KZN) based company headed by two women, was last night selected as the winner of the 2018 FNB Business Innovation Awards. The company was founded by Ingrid Osborne (pictured above) and Julie Mathieson in 2009 and develops innovative control and automation, as well as safety compliance solutions. FNB will sponsor the two to travel to Argentina in September where they will participate in an Endeavor International Selection Panel. Saryx Engineering Group was selected ahead of eight other finalists which included CompanyHQ, Howler, GAAP Point-of-Sale, NewSpace Systems, Olympic Paints, Pargo, Rhino Africa, and Skynamo. Sarynx Engineering Group founders Ingrid Osborne and Julie Mathieson Commenting on...

  • Fifth Africa VC summit to kick off Global Entrepreneurship Week in Cape Town

    The fifth edition of the Africa Early Stage Investor Summit (AESIS 2018) will kick off Global Entrepreneurship Week in Cape Town this year, organisers Venture Capital for Africa (VC4A) and the African Business Angel Network (ABAN) have announced. The summit -- which is set to take place on 11 and 12 November at Workshop 17 in the V&A Waterfront, Cape Town -- will see Africa's early stage investor community gather to exchange best practices, learn from peers and discuss recent deals. In a statement the organisers said the summit will kick off Cape Town's Global Entrepreneurship Week, which will this year coincide with a...

  • Here’s what you need to know about Nigeria’s tech startup ecosystem

    Are you a venture capitalist or an angel investor looking to invest in a company? Are you an entrepreneur looking for capital or other opportunities? Are you an aspiring startup owner looking for assistance? Well, you have come to the right place. Ventureburn presents the 2018 guide to Nigeria’s startup scene. Nigeria is arguably the most important tech startup ecosystem on the continent right now. This year alone, two of the world's biggest tech companies, Google and Facebook, opened their own hubs and launched accelerator programmes in country. Judging by the number and size of equity investment deals that have come out of...

  • Burn Media to embark on aggressive growth after deal to go solo – Buckland

    The Burn Media Group, a media stable with publications that include Ventureburn and Memeburn, has broken away from M&C Saatchi Abel's digital agency Creative Spark and has embarked upon a new "aggressive" growth curve, says Burn Media's founder Matthew Buckland. Buckland, the former CEO and founder of Creative Spark, this week announced the conclusion of a deal with M&C Saatchi Abel and the formation of Burn Media Group -- an independent digital media company. The deal with advertising company M&C Saatchi Abel was concluded on Monday (4 June). It follows Buckland's exit in April from Creative Spark  -- the company he founded in 2010 and which he subsequently sold...

  • Here are 4 things Kalon Venture Partners looks for when picking startups [Q&A]

    Disruptive technology that is 12 months ahead of the competition. A proven product. A large addressable market. The best team on the planet. These are four things venture capitalist Clive Butkow looks for when his Kalon Venture Partners -- a registered Section 12J Venture Capital Company picks tech startups to invest in. Butkow's Johannesburg based VC company already backs some big names -- like fast growing Joburg fintech startup i-Pay (which Ventureburn lists among eight Gauteng startups to watch in 2018 -- see here and here). In March Butkow told Ventureburn that investor sentiment had picked up since then president Jacob Zuma stepped down. He said Kalon is...