Africa, Startups

SA Florist to take gifting to the next level, brings hope to a wilting industry

SAFlorist 2 It's a wilting industry but one that has a lot of potential nonetheless. Independent florists struggle to play catch-up with an increasingly online dominated world and persisting monopolies. On the other hand, many of them simply don't have the capacity in terms of financing their own fully fledged ecommerce sites as well as having access to large product volumes of stock to compete with bigger online giants. If ecommerce is where the money's at, how can smaller companies compete with ...

Mobile, Startups

Community builder Every1Mobile makes social impact its business

every1mobile lead image The social economy: the world of aid, philanthropy, non-profits and development programmes was worth over US$128-billion in 2012 (Official Development Assistance). The United Nations Development Programme alone had a US$5.7-billion budget for 2013, and spent over US$3.2-billion of that on 5551 projects in countries such as Afghanistan, Argentina, Brazil, Sudan, and the Democratic Republic of Congo. It's a big industry, and it's only set to grow over the next decade. At first glance 'social impact' doesn't appear to be a game ...

Africa, Ecommerce

SA leading the charge in ecommerce though not for long, shows report

ecommerce Market research publisher yStats has recently released a report on Africa's B2C ecommerce trends of 2013. The report shows that the growing internet penetration as well as improvements in infrastructure of logistics and mobile payment innovations are leading contributors in Africa's growing ecommerce industry. While South African online shopping trends remains the strongest in the region, other countries are quickly starting to catch up. As you might know by now, mobile commerce is becoming more widespread on the continent as more ...

News

MTN ready to pour in $400m into Africa & Middle East startups

investing In an effort to bolster growth and improve on entrepreneurship in the Middle East, the MTN Group and Rocket Internet have announced a partnership. This is the second partnership announced between the giants this week. Earlier, both companies signed a deal with Millicom International Cellular to develop internet businesses in Africa through Africa Internet Holding (AIH), with each party holding a 33.3% stake in AIH. According to a statement, MTN and Rocket Internet will create a joint venture to develop ecommerce ...

Africa, Cloud, Entrepreneurship

Here are 6 SA-born office services to simplify your startup’s day-to-day

home_office Entrepreneurs should work on their business, not in them. The best way to do that is to cut-down on all the day-to-day micro tasks and keep an eye on the bigger-picture stuff. The intricacies that goes into running a smooth business operation is almost mind-numbing to say the least. While accelerators might be up to lending you a hand or two, many people prefer keeping their startups to themselves as much as possible -- furthermore, using online tools rather than ...

Africa

Sharks, sorcery and speculation: thoughts on valuations in Africa

money In 1954 one of Hollywood’s greatest artistic geniuses, Walt Disney, had a fantasy. Disney dreamed of building a giant amusement park unlike anything that existed in America. His chosen site was on 160 acres of farmland in Anaheim, an area southwest of Los Angeles settled by German immigrants. The problem was how to find financing for his project. His brother Roy Disney didn’t support the idea and the banks scoffed at Disney’s projection of a million visitors a year going through ...

News

Internet Solutions and MWEB in possible merger/acquistion talks

network cables It seems that internet giant Naspers may be in talks to merge its internet service provider, MWEB, with Dimension Data's Internet Solutions reports TechCentral. Referencing a well-placed industry source, the report says that "Dimension Data and Naspers have been engaged in talks about merging MWeb and Dimension Data division Internet Solutions (IS)". The details of the deal are unclear with little to no information confirmed by the parties involved. Though TechCentral notes that DiData will hold 80% of the equity ...

Emerging Markets, Entrepreneurship

The South African entrepreneurial landscape according to Ernst & Young

joburg South Africa is a country of extremes when it comes to entrepreneurship, says Ernst & Young. The company reaches this conclusion inside its 2013 G20 Entrepreneurship Barometer report which surveyed 1500 entrepreneurs in countries that include South Africa, Brazil, India, Russia and China as well as more developed nations such as the US, Japan and the UK. The report is important because it allows each country to benchmark its support for entrepreneurs -- a segment that is responsible for 75% of ...

News

iROKOtv living high with $8M funding round for video on demand platform

Jason Njoku and Bastian Gotter, iROKOtv Things are looking up for iROKOtv, the African-based movie platform for Nollywood. The company just announced a new funding round of US$8-million. The round was led by existing investor Tiger Global, with further participation from Sweden-based Kinnevik and introducing new investor to this round, US-based Rise Capital, bringing the total raised to US$21-million. "The US$8-million raised by Tiger Global, Kinnevik and Rise Capital will further fuel our expansion and help us to realise our long term goal of becoming one of ...

Ecommerce, Emerging Markets

MrThomas takes DIY and hardware tools to India’s ecommerce market

MrThomas lead India's ecommerce space is growing rapidly, but rather than filling up with a plethora of online stores that go by the "we-offer-everything" mantra, there seems to be a trend towards smaller merchants that offer niche products, such as herbal supplements, medicines, or in the case of MrThomas, DIY and home improvement products. MrThomas is owned by Chennai-based 3Dots Online Solutions, and offers a range of products from power tools, small/heavy machines, hand tools to hardware tools for the home-improvement aficionado. The ...

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