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  • DEMO Africa 2016 concludes for the first time in South Africa

    More than 600 delegates, 30 speakers, and four master classes concluded this year's DEMO Africa event, which is a launchpad for African tech startups. In the past, DEMO Africa events took place in Nairobi, Kenya before moving to Lagos, Nigeria for two years. For the first time since its inception, it has taken place in Johannesburg, South Africa. The DEMO Africa LIONS programme saw 723 applicants applying for the initiative. This list was eventually scaled down to 131, of which only 30 were chosen to pitch - five applicants were from South Africa. Three of the five startups selected at DEMO Africa are South...

  • Company Office

    Peach Payments and Callpay announce EFT system partnership

    Peach Payments, a leading and one of Africa's fastest growing payment service providers and Callpay, an innovative provider of secure payment solutions announce collaboration to provide automated Electronic Fund Transfers (EFT) as well as secure telephonic payment acceptance solutions. The innovative products will enable millions of South Africans to make instant and secure payments when shopping online or during payment processes over the phone and via call centres. Through this exciting collaboration announced at the 3rd eCommerce Africa Conference, customers will now be able to pay online using their cheque, savings or credit card accounts. Merchants that sign up through...

  • BBOXX secures $20m investment, to step up in Kenya, Rwanda

    BBOXX, an off-grid solar company, has secured a US$20-million Series C investment to step up operations in Kenya and Rwanda. BBOXX not only designs and manufactures their plug and play solar solutions but manufactures them as well. More than 70 000 BBOXX products have been sold in over 35 countries, providing off-grid power to around 350 000 people, the company said in a blog post. The investment comes from Mackinnon, Bennett & Company (MKB), ENGIE Rassembleurs d'Energies and KawiSafi Ventures, as well as existing investors. "We are excited about the growth potential for the African off-grid solar market and delighted with BBOXX's rapid development," said Managing Director of ENGIE Rassembleurs...

  • 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...

  • Etudesk win the Côte d’Ivoire leg of Seedstars World

    Etudesk, a web platform which allows academic institutions to easily set up their e-learning platform, has won the Côte d'Ivoire round of Seedstars World. They will be heading to Switzerland for their spot in the final pitching event. The final event will have 65 startups pitching for their chance to grab US$1-million in prizes. The main prize is a US$500 000 equity investment and there's also a US$50 000 prize to the best startup in education. "We are very passionate about improving education not only in the country but in Africa. We really think that education has the power to improve people's lives and why not start...

  • Who needs seed funding? Not this Indian VR startup

    It's always refreshing to see emerging markets take to new technologies, and virtual reality (VR) is no exception. So we're glad to see an Indian VR startup not only taking to the technology, but seemingly making a success of it all, as is the case with FlipSpaces. Focused on interior design, FlipSpaces "enables people to visualise how products they are seeking to buy for their home or office look like in virtual  environment similar to their own", the company wrote in an emailed press release. It also claimed to rake in US$1-million in revenue in three months. Prove your mettle and revenue follows...

  • The Munching Mongoose crowned Gauteng winner of 702 Small Business Awards

    Gourmet food retailer The Munching Mongoose has taken home the grand prize for the Gauteng leg of the 702 Small Business Awards. "We're overwhelmed to have won. We love that as a result of our service, families spend quality time together centred around great food. We're humbled that our customers enjoy this offering enough to have nominated us for the award," says co-founder of The Munching Mongoose Tamryn Dicks in a press release to Ventureburn. The Munching Mongoose partners with small-scale local producers and delivers a weekly box of healthy foods to consumers. The startup and its partners also donate food to a home for abused...

  • 8 tips on how to pitch your ecommerce business

    The ultimate goal of any business, including yours, is to create an army of loyal customers. Regardless of the stage that your business is in, everything else will follow smoothly from there. Your loyal customers are the ones to keep the business wheels spinning and also keeping your bottom line magnified. So, basically, it all boils down to your customers, which is why it is crucial that you have them. And that you keep them. In order to attract customers to your ecommerce business, you will need to pitch it the right way. While this sentence may seem like common...

  • MyFinda, the ‘first’ search-engine in Kenya

    Myfinda, which claims to be the very first search engine developed in Kenya, has officially been launched by Finda Mobile Application Limited last week. Since the initial activation in January, they've had over 5000 downloads and over 400 businesses registering, the company revealed in a press release emailed to Ventureburn. "The purpose of Myfinda is simple, to make the Kenyan local business visible and accessible," said CEO and founder of Finda Mobile Application Limited, Maliha Sheikh-Sevany. MyFinda is a mobile application directory which enables a business to increase their visibility within the marketplace. It provides customers with access to updates regarding jobs, fashion and currency, to name a few. MyFinda's subscription...

  • Custos Media Technologies sign R5.9-million funding agreement with TIA

    Technology Innovation Agency (TIA) has concluded a R5.9-million investment agreement with anti-piracy company, Custos Media Technologies. The two-year agreement was brought forth after Custos ended a round of financing with high-profile investors which included Innovus Technology Transfer, an undisclosed South African Angel Investor, and a New York-based Currency Group. "TIA has again shown their commitment to support early­stage technology businesses in South Africa. The funding agreement will allow Custos to accelerate product development, while simultaneously freeing up resources to spend on bringing the product to the widest possible market," said CEO of Custos, G J. Van Rooyen. "Custos is a good example of the kind of innovation ventures for which TIA was established to provide support, where science and technology advancements are the basis for creating new products, services and global enterprises," concurred the head of ICT...

  • mSurvey secures Safaricom investment

    Kenyan survey/research platform mSurvey has secured a US $1-million investment from the Safaricom's Spark Venture Fund. This fund seeks to help Kenyan based mobile technology startups with great innovation potential. mSurvey leverages SMS and mobile to reach a wide audience for surveys and research. This is the second investment as well as the largest from the Spark Venture Fund to date. Safaricom Spark along with Silicon Valley's Cross Culture Ventures and the Virgin Group-backed, Caribbean Alpha Angels Network have all invested in mSurvey. The data research company will use the investment to drive M-PESA-related efforts. "This investment enhances our efforts to leverage mSurvey's highly-sophisticated technology...