According to a SENS announcement, because we track those now, Knife Capital has officially been acquired by African Dawn Capital Limited, a listed entity. "Shareholders are hereby advised that all the conditions precedent have been fulfilled and accordingly, the Knife Capital Acquisition will be implemented in accordance with the terms of the Agreement," said the announcement today. We reported on the possible acquisition last year when the first SENS announcement was made but it looks like things are moving along swiftly. At its ...

The Global Entrepreneurship Congress is an inter-disciplinary gathering of international start-up champions. Held in Moscow from the 17th-20th March, this year's event saw entrepreneurs, investors, researchers, thought leaders and policy makers collaborate in order to generate ideas that will drive economic growth and accelerate the progression of an already thriving entrepreneurial ecosystem. Over the past five years, the Congress has contributed to the expansion of a global entrepreneurial landscape, enabling experts and entrepreneurs to network across borders and various industries, ...

Well this is interesting. Facebook has been on a Yahoo-cum-Google spending spree of late. As everyone who cares and some who don't now knows, the social network has doled out US$2-billion on a startup that hasn't actually finished building its product. Welcome to the "Unicorn Club" Oculus. "Oculus has the chance to create the most social platform ever, and change the way we work, play and communicate," Facebook CEO Mark Zuckerberg said in a statement following the acquisition announcement. The Oculus Rift ...

At a recent summit in Nigeria the importance of ICT in the country was discussed by Konga CEO Sim Shagaya, who noted that the company had been able to give graduates job experience and stimulate entrepreneurship via the Konga Marketplace. Shagaya noted that Konga had been able to bring a significant part of its technology development to Nigeria by hiring engineering graduates from Nigerian Universities like UniIfe, Futo, and so on. Through this initiative, recent graduates gain exposure to relevant technologies ...

In an effort to create a Pan-African identity for organisations online, the .africa domain has been given the thumbs-up from the Internet Corporation for Assigned Names and Numbers (ICANN). The application was lodged in March 2012 and was finally signed into being recently. The aim of this new domain is to forge a unique online space which will associate organisations, products, services and information with the continent and people of Africa as a whole. The non-profit association at the forefront ...

The Protection of Personal Information (POPI) Act was signed into law last year. It places a strict onus on businesses when it comes to handling personal information about their clients, staff and customers. This includes, but is not limited to, their contact details and biometric and demographic information. The Act stipulates how companies may collect, handle, store and discard information, with heavy penalties for those that fail to comply. A lot of cybercrime today is geared towards stealing personal information for ...

The Nigerian hotel booking startup, Jovago, has recently announced that it's expanding to Senegal and Kenya. Given the recent figures for the region's tourism activity, this could only mean that competition is heating up. The service is Rocket Internet's Africa Internet Holding (AIH) answer to Kenya’s popular SleepOut and Nigeria's hotels.ng. It also announced last year that it has more than 2 000 hotels listed on the website. Jovago says that it facilitates the booking process for its users with an informative, ...

Built in Africa focuses on entrepreneurs, startups and technologies that are affecting the continent and empowering the African people. When you look at the supposed "dark" continent, its social and economic problems are abundantly clear. But it seems that Africa's entrepreneurs are stepping up and trying to find ways to solve some of these challenges. There is a global energy crisis, and Africa in particular suffers from a shortage of power and alternative clean energy sources. In this first installment of our ...

Zimbabwe will be hosting its first Startup Weekend from 16 to 18 May. For those not entirely in the know, Startup Weekend is one of the world's most popular non-profit grassroots initiatives for entrepreneurs and has been hosted in more than 110 different countries around the globe. Made possible by the Zimbabwean tech hub Hypercube and global aid agency Mercy Corps, the weekend goes by the theme No Limits and will revolve around promoting, inspiring and furthering great entrepreneurial ideas of ...

Research company BuiltWith uses data captured from more than a quarter of a billion websites to show us how active the global ecommerce scene is, as well as which online shopping cart tools are being used the most. Most notably, the stats indicate that the online shopping website plugin, WooCommerce, has being the most popular over the last few months. This chart below shows how the global shopping volume changed based on data from more than 100,000 participating ecommerce websites in ...