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  • Solar startup d.light secures $22.5m in funding

    Solar power manufacturer d.light has secured US$22.5-million in funding to help grow its PayGo business globally. d.light has raised US$15-million in Series D equity from multiple companies such as KawiSafi Ventures Fund, Energy Access Ventures, the Omidyar Network and NewQuest Capital Partners. They've also raised US$2.5-million in debt funding through SunFinder. "Energy Access Ventures works closely with companies bringing reliable energy access to rural and peri-urban areas, and d.light is the perfect addition to our portfolio," said managing partners of Energy Access Ventures, Dr Michael H. Gera in a press release, who will also be joining d.light's board. "This is our largest...

  • Company Office

    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...

  • KCB announces its new job creation programme

    The Kenyan Commercial Bank (KCB) of South Sudan has launched a KShs50-billion job creation programme. This programme is intended to help aspiring and youthful Kenyan entrepreneurs within the informal sector to help ease the country's employment concerns. The programme, titled 2JIAJIRI, is expected to benefit at least 500 000 entrepreneurs within five years, creating direct and indirect jobs for more than 2.5-million people according to KCB. "We have worked out a comprehensive youth empowerment programme informed by our belief that the youth hold the greatest sway in the pace and trajectory that the East African economy will take into the future," said KCB...

  • Bua to represent Botswana at Seedstars World

    Rating app Bua, named the best startup at Seedstars World Gaborone, will go on to represent Botswanan at the global summit in Switzerland in 2017. Here, they'll compete with more than 60 startups for up to US$1-million in equity. The event took place at the University of Botswana where 10 startups competed for the coveted spot in the Swiss final. Of the startups that pitched, six were pre-selected and four were wildcards given to entrepreneurs that attended the Udugu Entrepreneurship Week. Bua is a private rating app which allows you to rate your service privately based on whether or not it...

  • WatchMojo’s pick of the 10 worst US Shark Tank pitches

    Pitching to a room full of investors can be a difficult and nerve-wracking undertaking. Now imagine doing it while being filmed for a TV show. The popular Shark Tank series has been around for quite some time and has had its share of bad pitches. The popular listicle YouTube channel, WatchMojo.com has put together its choice of the top 10 worst pitches ever to appear on the US version of Shark Tank. If there's anything to be gained from these cringeworthy products and ideas, it's that you need to make sure your business plan is air-tight, your product is actually compelling to consumers,...

  • Top startup events in South Africa, Africa you should know about this week [07/11/2016]

    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...

  • Platform economy: do SMEs need their own platforms? [Sponsored]

    As weak growth dogs the world economy, there's a tendency to turn to multinational companies to drive a recovery of trade and investment. But the roles of small and medium-sized enterprises (SMEs) are often overlooked. New digital technologies now make it easier for small businesses to expand and export. And the emergence of digitally-enabled platforms, in particular, offers one of the fastest routes to export-led growth. It may seem counter-intuitive that SMEs can compete alongside the leading platform brands we know so well today: Uber, Airbnb, Tencent, Alibaba and others. These powerhouses have reshaped entire industry sectors. Indeed, some fear...

  • 20 startups to pitch at fourth Angel Fair Africa

    From 10 to 11 November, 20 startups from nine African countries will pitch at Angel Fair Africa. The event will take place at the Intercontinental Hotel in Nairobi, Kenya. The pitching event is spread across two days. Day one will feature pre-revenue startups, while day two will consist of startups in later rounds of capital funding. The pitches will include Rita Kimani of Farm Drive; Tito Munhequete of Izy Shop; Ugwem Eneyo of Solstice; Josephat Mandara of TIME Tickets and Joanna Bichsel of Kasha. "Africa shows promise to be the economic growth jewel of the next 20 years. As people become more mobile and connected, leaders...

  • Innovation challenge: Johnson & Johnson opens entries

    Healthcare brand, Johnson & Johnson has recently opened up entries to their new Africa Innovation Challenge. The challenge will aim to support and develop the continent's entrepreneurs as well as continue to develop consumer health solutions. It will also serve as the company's latest approach to advancing healthcare and global innovation. "Through the Africa Innovation Challenge, we have the opportunity to support the continent's top entrepreneurs through mentorship and other resources, and by working together with local talent, to bring forward new solutions to local healthcare challenges," said MD of Johnson & Johnson, Paul Stoffels in a press release to Ventureburn. "With its...

  • TaxTim now serves SMEs with tax completion tools

    Innovative tax return tool TaxTim has  launched its tax completion tool for SMEs. Following the success of its personal tax return tool, the digital assistant will provide provisional as well as annual tax return services for small businesses. These SMEs need to be registered Pty Ltd with the Companies and Intellectual Property Commission (CIPC) as well as make less than R1-million turnover for the tax year. "When we started this venture, our vision was to transform the tax return process for all taxpayers. The individual market was a natural starting point and I looked forward to the day that we would release...

  • Entries for Cap40 Business Award Gala now open

    The Cap40 Business Award Gala, to be held at the Radisson Blu Hotel, will bring together both South African and French SMEs and entrepreneurs. The event aims to celebrate the businesses and individuals for their work in contributing to the French-South African business community. The gala event will include wine tasting, 3D printing demonstrations, a dinner prepared by the Radisson Hotel chefs and finally, a pitching competition. The awards to be handed out on the evening include: Young Entrepreneur Award - Will honour young men and women under the age of 35 who have created a business that adds to the growth of the...