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  • Seedstars World heads back to Rwanda

    Global pitching competition, Seedstars World heads back to Rwanda for the next leg of their competition on 6 December 2016 and will take place at Rwanda Online's headquarters. Travelling to more than 65 countries, the pitching event aims to find the best startup to represent their respective countries at the final pitching event in Switzerland in 2017. Selected finalists pitching in Switzerland stand a chance to win up to US$1-million in equity as well as the opportunity to network with industry professionals and mentors from around the world. Eligible companies to pitch at Seedstars Kigali need to be less than two-years old and...

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    Judges announced for the IAB SA Bookmark Awards 2017

    The IAB SA has announced the list of judges that will decide which contenders will scoop a coveted Bookmark Award in 2017. The team of judges, led by Jury President John Dixon, features more diverse industry players than ever before. Josephine Buys, CEO of IAB SA says, "Our mid-year, judges workshop yielded valuable insights from the best in the business for judging the Bookmarks 2017. We have secured the time and talent of some of the brightest minds in digital and have expanded our pool of experts to include gamers, innovators and engineers.” Judges will now fall under the categories of...

  • Public-private sector collaboration is key to addressing ICT skills shortage [Sponsored]

    Setjhaba Molloyi, Managing Director for Accenture South Africa Delivery Centre, says there is no doubt that we are in the midst of a major technology evolution and organisations across all sectors are going through a significant transformation. To address the skills shortage issue and make a great impact in the economy as well as create more jobs, public-private sector collaboration is key, says Setjhaba Molloyi. "That is why Accenture works very closely with partners across all sectors (including SAP, SETA and various NGOs) to increase the pool of ICT professionals who have the requisite skills," notes Molloyi. Accenture is working with...

  • SABAN launches to support early-stage startup investors in SA

    On 11 November, several organisations within the SA startup community came together to launch the South African Business Angel Network (SABAN). The aim of SABAN, according to Daniel Guasco, head of Silicon Cape, is to "create an environment where people can learn and feel safe". When addressing the audience, Guasco said: "We really need more people like yourselves who are eager, able, and willing to make a commitment to funding early-stage companies, specifically in the technology space, to put money down. It's high-risk, but the opportunities around that and the benefit that one gets out of it is quite substantial." Other focuses of SABAN include...

  • OfferZen passes recruitment milestone

    Online recruiting marketplace, OfferZen has helped more than 250 SA companies recruit top software developers through their platform. The recruitment platform has recently passed its recruiting milestone, having averaged 40% compound growth each month since its launch. According to OfferZen, they're now placing one developer into a permanent position every day. Software developers seeking a new job create a profile on the platform, which is followed by an advisory process on the hiring process of companies on OfferZen. The job seeker, with help from OfferZen, negotiates their salary and prepares for an interview to best understand how to market and sell themselves. To ensure that...

  • Exclusive interview: RainFin CEO on buying back company from Absa

    Fintech online market lending place RainFin, has announced the buyback of shares from their majority shareholder, Barclays Africa Group (Absa). The banking institution held a 49% share in RainFin. Ventureburn had a chance to sit down with RainFin CEO Sean Emery to talk about the reasons behind the buyback as well as the startup's future post-buyback. In February of this year, Emery spoke to us about the inclusion of its products into Absa's offering. This came about through the 49% equity purchase Absa had with RainFin. The buyback and independence In March this year, Barclays Group announced its intention to sell its 62.3% stake...

  • From garages to high rises: what to consider when moving into your first office

    While a startup can survive in a basement or garage for a few months, there eventually comes a time when you'll need to move into your first real office. When this time comes, will you know what you're doing? Moving into your first office isn't as simple as finding a building you like and leasing it out. There's a lot that goes into a real estate transaction – whether you're purchasing or renting – and you need to be prepared to deal with all of the issues. Specifically, you'll want to think about the following: 1. Location From a very practical perspective,...

  • Are Africa’s innovation hubs helping innovators realise their full potential?

    Much has changed in Africa since 2014 when oil-rich nations began to see their incomes slide and the global recovery began to falter. During these years of change, African governments redoubled their focus on economic diversity and innovation, which we know go hand-in-hand. Yet in the context of a region that continues to suffer from high levels of poverty, disparate infrastructure and young capital markets, Africa's entrepreneurs continue to face an uphill struggle. Africa needs to accelerate enterprise – it is a region that is set to become the youngest population on the planet, hungry for economic success; stymied...

  • Zoona wins Social Entrepreneurship prize

    Mobile payments company, Zoona has been awarded the Social Entrepreneurship award at the Africa Awards for Entrepreneurship (AAE). The event was hosted by the African Leadership Network in Mauritius. The Social Entrepreneurship award is given to organisations addressing social problems in Africa, and who have a revenue between US$150 000 and US$2.5-million. It was accepted by brothers and co-founders Brett and Brad Magrath. "We are honoured to have been recognised among organisations that are such a force for positive change on the African continent," says Brad Magrath in a press release to Ventureburn. Zoona has recently raised US$15-million in funding, while passing other milestones too "We strive to take...

  • Ducere Holdings wins R1-million at Green City Startup competition

    Greentech startup, Ducere Holdings was awarded first place at the Joburg Green City Startup competition. The event took place on 9 November in Johannesburg. The company created a hybrid transmission system, MISER, that can offer up to 70% reduction in emissions for vehicles. It can be fitted into existing vehicles. Second and third places were awarded to cloud-based technology startup Solid Insight, and farming system Rydawi Fish Farms, who won R400 000 and R300 000 respectively. The event was created by the City of Johannesburg and in partnership with Resolution Circle, the University of Johannesburg's technology commercialisation company and incubator. Out of 187 entries for the competition,...

  • These are African Entrepreneurship Award finalists

    The African Entrepreneurship Awards have selected their 37 finalists to take part in their Presidential Round which takes place on 2 December 2016 with winners being announced three days later. The finalists will be converging on Morocco where they will be presenting their innovative businesses and ideas. Here, they will also be fielding questions in a private pitching session from those on the Presidential jury. Some of the jury members include the chairman and president of BMCE Bank of Africa, Othman Benjelloun and retired chairman of Accenture in greater China, Gong Li. The jury is also comprised of founder and executive director of Golden Baobab,...