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  • Mobile Payment Solution ‘Flous’ to hit Egypt, world’s first Arabic mobile wallet

    MasterCard, National Bank of Egypt (NBE) in conjunction with mobile network Etisalat, are bringing the mobile payment wallet, "Flous" to Etisalat Egypt's subscribers. Using the Etisalat network, Flous can be deployed on any mobile phone and is being rolled out in phases. Phase one allowing subscribers to transfer money between each other, to load cash onto their phones or take cash out at either Etisalat branches (over 100) or over 300 NBE branches. “Etisalat connects people from around the world, and we have developed some of the world’s most advanced networks by constantly adding value to the infrastructure. Mobile phones can...

  • Company Office

    Mayibuye Film Festival on Wabona

    Wabona, one of Africa’s premiere video streaming services is happy to announce a ground breaking partnership with Cape Town based Gravel Road Entertainment. On the 13th of April 2014 Gravel Road Entertainment’s Retro Afrika Bioscope launches the Mayibuye Film Festival on SABC 1.  The festival will run for three weeks, airing two never before seen films every Sunday in which Wabona and Cinemo, Wabona’s mobile service, will be released 2 hours after broadcast free for its users on both services. This will be a first as Gravel Road and Wabona will be releasing film content on three media platforms within...

  • Startup Blitz: TaxTim, a helping hand to simplify filing your tax return online

    Tax season is upon us once again. For many South Africans this means wading through daunting SARS IRP5 forms all the while hoping we are filling them out correctly. For others, it means paying a professional to do this for them, at a nominal fee of course. Enter TaxTim, a simple, fast and convenient way to file your income tax return online, all with step-by-step help from the little man himself: Tim. Asking you one question at a time in "plain language", TaxTim helps you complete your SARS forms for the small fee of R199. TaxTim is the brainchild of South African...

  • MyDoorHandle receives Google invitation to Blackbox Connect

    Dylan Kohlstadt and Steven Ellis from the Cape Town based startup MyDoorHandle have been invited to attend the Google for Entrepreneurs and BlackBox.vc entrepreneurial accelerator programme in San Francisco. This is an exciting opportunity for entrepreneurs to gain and share valuable knowledge of the Valley. As part of a sponsorship by Google for Entrepreneurs, the Blackbox Connect is a two-week immersion programme where non-US based startups get the opportunity to be inspired, grow and connect with the top VC's and game changers in Silicon Valley. Part of Bandwidth Barn's 88mph acceleration programme, MyDoorHandle is a location-based service that allows...

  • 5 key differences between a private and public company

    There comes a stage in every company's lifecycle when going public makes sense. It might be to maintain growth, pull off more aggressive expansion, or bring on new shareholders to gain access to resources and knowledge. Before doing so, a startup (or private company) should give some thought to the differences between a private and public company, especially in terms of what analysts and investors take into consideration when valuating. The term "private company" covers an array of businesses; all the way from single-employee (non-incorporated) to startups, to former public companies who became private after a buyout. This is how...

  • WPP confirms Native acquisition

    It has been confirmed that global advertising powerhouse WPP is buying digital agency Native, a story Ventureburn first reported on in September last year. At the time Native MD Jarred Cinman denied that the two companies were in talks. “I don’t know where you’re getting that information from, but it’s absolutely not true,” he said. “Look, in this industry people are always going to talk to each other, but that’s no reason to prematurely sell my business,” he said at the time. Cinman today tweeted: Well there it is. At last the next exciting chapter of our journey has begun...

  • Savannah Fund’s first graduating class: Ahonya, Kola Studios & Safaridesk

    Kenyan-based accelerator Savannah Fund has graduated its first class of startups in Africa. Savannah Fund is a seed capital fund that specialises in US$25 000-US$500 000 investments in early stage high growth tech (specifically web and mobile) startups in sub-Saharan Africa. The Fund is a partnership between Mbwana Alliy, Paul Bragiel and iHub founder Erik Hersman and is touted as "a fund for entrepreneurs by entrepreneurs". The announcement came on the eve of Pivot East, an annual mobile startups competition and conference held in a East Africa. According to Savannah Fund, the three chosen startups from Ghana, Uganda and Kenya who...

  • Pivot East: the social media stream

    Want a glimpse inside East Africa's startup scene? Pivot East is a good place to start. The annual conference and startup competition is currently underway in Kampala, Uganda to help drive mobile entrepreneurship in the region and beyond. The two-day event includes a mix of interesting speakers, fireside chats with experts and pitching sessions with startups which are hoping to make an impact in everything from entertainment to enterprise, finance and education. It's run by incubator and training collective m:lab East Africa, which is aiming to grow quality startups in the region and improve their chances of investment. We'll...

  • wiGroup: the total mobile POS package

    Mobile payments and transactions is a huge market, especially in South Africa and Africa where people are more likely to have an internet-connected phone than a credit card. The number of apps that facilitate transactions is staggering. Because of this, entering the space is tough for any competitor. Taking this into account, one company is trying to drive innovation rather than join the noise by creating a platform that links apps to retailers. This is wiGroup. Calling itself a mobile technology business, wiGroup is bridging the gap between retailers and app developers with a platform that connects them at the...

  • 6 things your corporate job can teach you about running your own company

    Most entrepreneurs sneer at the idea of working for a big corporate or medium sized business on the path to becoming the next big thing. It's not popular these days to have a "boring" day job that doesn't involve the hustle and bustle of being an entrepreneur. But before you judge the corporate drones and feel sorry for them and their life choices, it seems fair to have a look at some of the lessons being a part of a corporate can teach you about running your own company and succeeding. Being involved in a big company or simply...

  • Crowdfunding platform Thundafund rolls in over SA startup landscape

    South Africa's crowdfunding space expanded earlier this month with the launch of Thundafund, the Cape Town-based crowd-powered startup funder. While crowdfunding in Africa has yet to reach the heights of similar initiatives in the US and UK, Thundafund founder, Patrick Schofield is bullish on the model's future on his home continent. "Crowdfunding is going to fundamentally change the way we start many new enterprises in South Africa. Crowdfunding allows the many to vote with their wallets to decide what is made in our world. Thundafund will be driving this movement in creative and innovative development in South Africa and Africa." On...

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