Building a successful business means getting screwed [SMWLagos]

Screw If you're going to start an internet business in Nigeria, get ready to be screwed. That's IROKO Partners' founder Jason Njoku's biggest takeaway from the company's journey since its inception. In the last three years, the company has become synonymous with Nigerian content using the infectiously popular Nollywood as a segue, but getting there hasn't been particularly easy. The early days of the company mostly involved founder Njoku negotiating rights for movies in Nigeria. It's a not hard to see ...

Africa, Startup news

Konga’s new ‘revolutionary’ Marketplace invites all small players online

Konga Christmas Last year Nigerian online retailer Konga debuted the online storefront Konga Mall which gave certain businesses the opportunity to have their products available online. Today, the company is announcing Konga Marketplace which is said to "revolutionise" the local trade industry by inviting all business owners online, big or small. Set to launch in the coming weeks, Konga's updated Marketplace will cater not only for the big retailers, but also the small local players from the market traders and designer to the ...

Africa, Startup news

Mobile elearning startup Sterio.me seeks partners, set to launch in Nigeria

sterio.me logo StartupBus Africa was great fun and brought about some really exciting ventures. Some of them, however, have crept off the radar since the startup competition slash hackathon concluded last year November. Sterio.me isn't one of them. The energetic mobile education outfit recently announced that it will be rolling out a trial of its services across 75 schools in Nigeria, once it has secured crucial partnerships. Sterio.me was founded by Christopher Pruijsen, Dean Rotherham and Danielle Reid and is an elearning startup ...

Emerging Markets, News

TutorGroup language-learning platform secures $100M from Alibaba, others

tutorgroup logo The online language learning space just got a bit more exciting. TutorGroup, an online language learning platform based throughout Asia, just closed a second round of US$100-million from big regional investors including Alibaba, Qiming Venture Partners, and Temasek. As reported by VentureBeat, TutorGroup sought out investors in China and Singapore as it wishes to build its brand in those regions. The company had previously raised US$15-million in April 2012. Founded in 2004 by brothers Ming Yang and Dr. Eric Yang, TutorGroup ...

Advertising & Marketing

Project Isizwe: Africa’s free Wi-Fi solution giving mobile greater reach

Project Isizwe There is a lot of talk about mobile penetration in Africa. Even if you dissect the stats down to the number of unique subscribers, there is no doubt that mobile has had, and continues to have, a huge role on the continent. But what about data? Or more specifically, what about the cost of data? It's no good if everyone on the continent has access to a mobile phone but cannot afford the cost of bandwidth. Is mobile really enabling as ...

Africa, Startup news

Hellofood Nigeria reveals most ordered dish this Valentine’s Day: desserts

hellofood Although the concept of romance on Valentine's Day focuses on roses, cards, perhaps even jewellery, Nigerians have remained loyal to the classic idea of dessert as the most romantic gift of all, says food delivery platform Hellofood. According to the Rocket Internet, MTN and Tigo backed platform, personalised cakes and chocolate selections are the most orders products. In fact, around 20% of all daily food orders being placed on the website and through the mobile app include some aspect of dessert. ...

Africa, News

Anzisha Prize 2014 calls for entries to promote Africa’s young entrepreneurs

Anisha In an effort to uncover and nurture Africa's best young entrepreneurs, entries for the Anzisha Prize for 2014 has opened this week. The competition is part of a bigger picture to group organisations and media brands all over the continent and find, celebrate and support the most innovative social and business entrepreneurs younger than 22. Hosted by the African Leadership Academy and in partnership with The MasterCard Foundation, the Anzisha Prize has been celebrating initiative and innovation for the last ...

Ecommerce, Emerging Markets, Startups

Wishpicker: India’s social ecommerce platform finds the perfect quirky gifts

Wishpicker logo The day of the year that’s adored by some and dreaded by others is around the corner. If you don't have the time or creative capacity to get your significant other something special for Valentine's Day, or maybe want to try a new and exciting way to surprise a loved one -- listen up. Based in New Dheli, India, and operating across the country, Wishpicker wants to simplify things by calculating what your partner wants (because we never really know, do ...

Africa, News, Tencent

WeChat partners with DStv to drive second screen user engagement

WeChat Social messaging app, WeChat, has partnered with South Africa's popular satellite television service, DStv, to further user engagement using methods such as second screen integration of the local reality TV show Big Brother Mzansi Secrets. This is part of the Tencent-owned company's mission to take over South Africa's Instant Messaging (IM) scene and live up to the claim of being the world's fastest growing social app. WeChat has been extensively pushing its service in and around South Africa recently. Though ...

Africa, Competition, Startup news

Meet the 7 finalists fighting for $20K in Nigeria’s TechCabal Battlefield

techcabal-battlefield There's nothing like a good contest right? From hackathons to code jams, many young bright programmers and entrepreneurs love to fight it out for a top prize and bragging rights. For the up and coming in Nigeria, there's a new contest on the block from TechCabal -- the first ever TechCabal Battlefield, where the next wave of tech entrepreneurs will compete for "the biggest Nigerian technology startup prize ever -- US$20 000, courtesy of Stanbic IBTC Bank and iROKING." The competition started ...