Africa, Startup news now takes Nigerians to over 200 destinations, compatible with PAGA logo Spark, the Nigerian "company builder" founded by Jason Njoku, Bastian Gotter and Mary Remmy-Njoku (all of iROKOtv) has reason to be happy as one of its initial investments: bus ticketing website has become Nigeria's largest bus travel site taking people to over 200 destinations around the country. Collaborating with more than 65 bus operators, and offering departure points in seven states in Nigeria, is now also in partnership with mobile payments solution PAGA, ensuring that its offering is convenient ...

Advertising & Marketing, Africa, News

Webfluential calls for popular web personas and brands after success

webfluential South African startup Webfluential, a platform that aims to connect South Africa's most influential web users, announced recently that it now offers more brands and marketing agencies access to 620 social media influencers who in turn have access to over 6 million South Africans. The concept is simple: online personas with over one thousand followers on YouTube, Twitter, Instagram or what have you, sign up to Webfluential which then connects them with marketing agencies. Agencies, on the other hand, will ...

Ecommerce, News

Confirmed: Naspers shutting down MIH SA ecommerce sites, focus shifts to Kalahari

Kalahari Ventureburn can officially confirm that the African division of MIH, Naspers' online investment arm, is in the process of shutting down a number of its South African ecommerce properties. Earlier today we reported that the emerging markets internet and media giant was preparing to shut down a number of its smaller ecommerce properties, including online fashion outlet Style 36, digital camera store SAcamera and baby product outfit Kinderelo. Most of the sites affected are part of the company’s African ...

Ecommerce, News

Sources: Naspers is shutting down major ecommerce sites from MIH SA [updates]

Style 36 Emerging markets media and internet giant Naspers looks set to shut down a number of ecommerce sites run by its online investment arm MIH. At least three of the sites affected are part of the company's African Internet Accelerator (AIA) programme. Ventureburn sources say that the collapse of the sites will come with job losses and a major restructuring. According to a well placed source, a number of the South African ecommerce investments made by MIH in the last few ...

Africa, Entrepreneurship, News

SA student entrepreneurs invited to Toronto for fellowships, incubation

Reyerson Uni Ryerson University in Toronto, Canada announced the creation of fellowships for student entrepreneurs from top South African universities. The initiative aims to help students develop their businesses at one of the university's incubators, including one of Canada's largest digital incubators, Digital Media Zone. After undergoing assessment, eight applicants will be chosen from the University of Witwatersand, University of Johannesburg, Stellenbosch University and University of Venda. These aspiring entrepreneurs will then be provided with transportation, mentorship, accommodation and a three-to-four-month ...

Advertising & Marketing, News

Starcom MediaVest Group merges with Lighthouse Digital: now SMG Lighthouse

starcom lighthouse merger Starcom MediaVest Group South Africa (SMG) has announced that its parent company -- Publicis Groupe -- has acquired the digital consultancy, Lighthouse Digital. As part of the merger deal, Lighthouse Digital co-founder Aaron van Schaik will be the CEO of the newly rebranded SMG Lighthouse, and report to SMG President, Dynamic Markets, Iain Jacob. Jacob says that this follows a few acquisitions announced by the Publicis Groupe of late, and "fortifies our position as the continent's leading digital marketing operation." Lighthouse Digital was ...

Africa, Ecommerce, Emerging Markets

Bitcoin accepted here: 6 SA ecommerce stores using the cryptocurrency and why

Bitcoin accepted here You can buy many things using Bitcoin. The digital cryptocurrency has made headlines for its links to the deep dark web, notably the online black market Silk Road where unsavoury items such as drugs and child pornography could be traded until it was shut down. Look no further than your local ecommerce domain, and you’ll see that the popularity and dedication truly stretches across borders like it’s born to. Why should local companies from emerging markets think about implementing this ...

Design, Entrepreneurship

16 things I learnt from Jordan Price’s sudden resignation from Apple

jordan price lead So I read about some dude -- a UI/UX designer from Cupertino, California who always wanted that dream job -- to work for Apple -- and then got it, only to quit after a short time. Jordan Price was his name, and his story was fascinating. I ended up earmarking 18 things about life and work that his experience taught me. A few I already knew, but others were new: 1. When the day comes that you're invited to the big league, what you ...

Emerging Markets, Venture capital

Globevestor matches global-minded investors with emerging market startups

globevestor Emerging market startups, especially those at the pre-revenue mark, continue to find access to early-stage capital (US$150 000 to US$1.5-million) challenging. At the same time, global-minded angel investors in Europe and the US are looking to invest in quality emerging market ventures. While news about venture deals continue to trickle out from risk-averse developing economies, Globevestor, a new Silicon Valley-based venture capital platform, is looking to heat up investment opportunities by becoming a conduit through which US and Europe-based angel funding ...


4Di Capital gets major cash injection in new fund raising round

4di capital Tech Venture Capital firm 4Di Capital today announced that Convergence Partners will join as the newest investor in its 4Di Capital Fund 1, as an equal limited partner alongside Reinet Fund S.C.A., F.I.S., and E. Oppenheimer & Son. 4Di Capital has made seven investments in South African ventures so far, and in 2012 announced its first profitable exit of mobile community startup Motribe Networks to Mxit, the largest social network in Africa. The addition of Convergence's investment to that made by ...