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  • Geeks on a Plane startup tour coming to Africa in March

    Created by 500 Startups, the Geeks on a Plane (GOAP) startup programme is coming to Africa for the first time. The event consists of startups, investors, and executives who travel to different countries with the goal of exploring cross-border opportunities. Taking place from 30 March to 2 April, the tour will start in Lagos, Nigeria and end in Cape Town, South Africa. The event also looks to meet startups, 'geeks', and investors in the cities it visits, learn more about local tech trends, gain insight into the local markets, and business models. GOAP will visit the likes of CcHUB, the Enterprise Africa Summit,...

  • 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...

  • Global Student Entrepreneur Awards to support young entrepreneurs

    The Global Student Entrepreneur Awards (GSEA), a global initiative of the Entrepreneurs Organisation (EO) is aiming to support young local entrepreneurs. "The GSEA awards allow us to identify and help nurture the aspiring entrepreneurs of tomorrow," said member of the EO, Ross Drake in a press release to Ventureburn. "South Africa is in need of entrepreneurial talent, people who can identify gaps and provide solutions thereby contributing to growing and improving our economy. "We are committed to helping entrepreneurs grow their businesses and believe the students who are just starting out need as much support as they can get," Drake continued. Recently the...

  • African startups to take on Silicon Valley

    This week, five African startups will take on Silicon Valley as part of the 2017 Lions@frica Innovation Tour. The five startups selected were part of Demo Africa 2016 and will compete alongside local tech startups as well as have the opportunity to engage the startup ecosystem through various activities and events. "These five startups have been prepared for the tour through a series of learning activities over a two-month long virtual bootcamp," said the communications manager of the Lions@frica group, Aliesha Balde in a press release. "We want them to engage the Silicon Valley ecosystem on their own terms, but armed with...

  • Tala receives US$30-million in funding

    Credit service Tala has recently raised US$30-million in Series B financing, being led by IVP and joined by Ribbit Capital. Additional participants included in the funding round are Lowercase Capital, Data Collective, Collaborative Fund and Female Founders Fund (F3) Their newly received funding will go toward accelerating their product development as well as to expand into new markets along with building their internal team. Jules Maltz, from IVP, has also joined Talas Board of Directors as part of the financing agreement. "By using smartphone data to build financial identity, Tala is pioneering a new model that can reach more than two billion people globally who...

  • Top startup events in South Africa, Africa you should know about this week [27/02/2017]

    Looking to get into the South African startup scene or scratch up on some of your skills? Well, you've come to the right place. There are loads of competitions, networking sessions and workshops happening around South Africa and the rest of the continent (namely Kenya, Nigeria and Ghana) that we’ve rounded up to make your life a bit easier. This article is part of a weekly series that highlights all the top startup competitions, networking sessions, workshops and conferences around South Africa, and the greater region. If you have any event recommendations for us to add to the list, or...

  • You can fund this sarcastic board game about Silicon Valley on Kickstarter

    Have you ever wanted to be a venture capitalist, investing in startups as you see fit? If you fund Maybe Capital on Kickstarter, you'll be able to. A simplistic title, Maybe Capital has players venturing around the game board and picking up pitching cards. They will then pitch the idea on the cards to their friends in order to secure funding. "Money is an emerging trend. We all want it, and here in Silicon Valley it exists in huge landfill-sized piles. But how do we get more of it for ourselves? How do we capitalise on the 'moronifaction' of money?" says chief expert...

  • Village Capital launches competition for food entrepreneurs in Africa

    Training and investment company Village Capital in association with The Hershey Company, is looking to support food entrepreneurs in Cote D'Ivoire, Ghana, and Nigeria. The company is looking to identify and support entrepreneurs increasing access and affordability to nutritious food products in those regions. According to a statement on the VC4A website: "West African economies like Ghana, Nigeria, and Côte d’Ivoire are growing rapidly, yet nutrition for children still lags behind. In Ghana, UNICEF estimates that 57% of children under 5 are anaemic, 23% are stunted, and 30,000 children suffer from Severe Acute Malnutrition annually." Village Capital will send 10 startups to the Village Capital’s...

  • #Budget2017: big changes to come for startups with IPs [update]

    Intellectual property (IP) exchange control is a contentious issue in South Africa, especially when it comes to software development and technology businesses. In the 2017 Budget Review, the National Treasury announced that IP exchange control would be relaxed, which is good news for startups. Ventureburn had a chance to speak to Aalia Manie, an ExCo member of Silicon Cape and IP & tech lawyer at law firm Webber Wentzel, about the announcement and what it means for the SA startup industry. National Treasury has proposed relaxations to IP exchange control & loop structures. Our lobbying has paid off! @webberwentzel @SiliconCape — Aalia...

  • eCommerce MoneyAfrica: mobile and digital intelligence in SMEs

    The eCommerce MoneyAfrica Plenary session commenced yesterday with many insightful talks on ecommerce and fintech. Google SA's country director, Luke McKend, and principal analyst at Forrester, James McCormick, spoke on the importance of mobile systems and digital intelligence for SMEs and corporates. "It's about the process, it’s about making sure your businesses can speak to each other, it’s about making sure you have the logistics right. All the big hard stuff, it’s about getting that right," said McKend. He further stretched his point by explaining the importance of the relationship between mobile and financial systems. "I'm doing all these different things with my phone. There...

  • Insights from Private Equity in Southern Africa Conference

    The Southern African Venture Capital and Private Equity Association (SAVCA) recently held the annual Private Equity in Southern Africa Conference. The event was centred around "Fruitful Partnerships," which looks at private equity and venture capital managers partnering with businesses for growth. "Collaborations between private equity managers and institutional investors mobilise capital from international and local sources for productive deployment; the teamwork between private equity managers and investee companies builds better businesses, which in turn creates new employment opportunities and shapes healthier communities," says CEO of SAVCA, Erika van der Merwe, in a press release to Ventureburn. Investments by the numbers Apart from anything,...