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  • Gambian Youth Empowerment project to tackle youth unemployment

    The European Union (EU), the International Trade Centre (ITC), and the Gambian government, have teamed up to launch an initiative to combat youth unemployment in Gambia. The Gambian Youth Empowerment project is a four-year initiative that benefits from €11-million from the EU Emergency Trust Fund for Africa. The programme will aim to support the local Gambian economy by firstly enhancing the self-employment opportunities for youth through vocational training, as well as the creation of SMEs. Secondly, the programme will create and improve opportunities for employment within various sectors through value addition and internationalisation. The Gambian Youth Empowerment programme aims on providing youth with opportunities within...

  • Company Office

    Peach Payments and Callpay announce EFT system partnership

    Peach Payments, a leading and one of Africa's fastest growing payment service providers and Callpay, an innovative provider of secure payment solutions announce collaboration to provide automated Electronic Fund Transfers (EFT) as well as secure telephonic payment acceptance solutions. The innovative products will enable millions of South Africans to make instant and secure payments when shopping online or during payment processes over the phone and via call centres. Through this exciting collaboration announced at the 3rd eCommerce Africa Conference, customers will now be able to pay online using their cheque, savings or credit card accounts. Merchants that sign up through...

  • Endeavor SA’s high-impact entrepreneurs affecting job creation

    The entrepreneurial initiative, Endeavor SA, has recently concluded a study showing how its high-impact entrepreneurs affect job creation within the country. "Our results show a decade of phenomenal financial and job growth with approximately 21 000 jobs created by Endeavor South Africa companies since 2004," said the MD of Endeavor SA, Catherine Townshend, in a press release to Ventureburn. "This is an indicator of a community that is growing and gaining momentum, and we are excited to see Endeavor South Africa fast becoming an enabler of positive change," she continued. In 2007, it launched an accelerator aimed at black-owned startups which demonstrated...

  • Moroccan fund launches to help African startups

    Morocco-based seed fund Outlierz, has launched and aims to provide smart capital to African startups. The organisation looks at startups with an MVP or an executable prototype, who are in the pre-seed or seed stages. They should also have a ticket size between US$50 000 to US$200 000. Startups also looking to raise seed or Series A round funding are also eligible. Outlierz will also provide startups training tools, such as advice and access to its network. "We started from a simple yet striking conclusion: too many startups fail at the pre-seed and seed stages because of a lack of appropriate resources. We...

  • Top startup events in South Africa, Africa you should know about this week [13/02/2017]

    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...

  • What makes hubs successful?

    For the past two weeks, I have been based at Impact Hub Accra to assist the team with business development as well as conducting research as part of my master’s in African Studies at Leiden University. As similar hubs continue to emerge across the continent, I seek to investigate the role hubs and innovation centres play in facilitating the pathways of its members. To explore this I have chosen to use Impact Hub Accra as a unique case study. My research focuses on how this particular hub advocates the trajectories of entrepreneurs, notably ‘social’ entrepreneurs. I will spend the next...

  • eCommerce MoneyAfrica Confex 2017 hits Cape Town this February

    The eCommerce MoneyAfrica Confex, which focuses on ecommerce and fintech, will be held at the CTICC in Cape Town on 22 to 23 February. The conference will focus on developing a cashless society, cross-border ecommerce, money without borders, building loyalty, and a range of other topics. "This year's event parallels the swift adoption of fintech products, improved customer knowledge and fulfilment; key areas driving the growth of eCommerce on the continent," says managing director of Kinetic, Terry Southam, in a press release to Ventureburn. It will feature 75 speakers, keynotes, panel discussions, demonstrations, networking, exhibitions, and cocktail functions. The event looks at bringing together merchants,...

  • Katlego Maphai interview: rivals, data, staff, and more

    We were fortunate enough to attend the second Startup Grind Cape Town event of the year, headlined by Katlego Maphai. The Yoco co-founder tackled a variety of topics during the event, but we managed to interview him, covering rivals, Yoco's future plans and more. Who are their rivals? Is it Snapscan? "We are sort of... mutually cooperating companies in the ecosystem," he says of Snapscan. "If you look at Snapscan, they've had to acquire merchants and the real drive from them now is getting consumers to pay. We're strictly a merchant company." Maphai says that you could potentially see a collaboration between the...

  • Eduardo Saverin in $25m funding for insurance and wellness marketplace

    Rosaline Koo made a huge bet with CXA. Not long after she started up the healthcare products marketplace, it acquired Singapore’s third-largest homegrown insurance brokerage, Pan Group. Rosaline injected all her life savings and took out a loan to finance the purchase and build the venture. It’s now paying off. CXA today announced it has become a US$100 million company following a US$25 million series B investment, co-led by Facebook co-founder Eduardo Saverin’s B Capital Group and Singapore-based EDBI. Global life and health reinsurance company RGA, Philips Healthcare, maker of data-driven medical devices and disease management programs, and existing investors NSI...

  • Silvertree Capital acquires Nigeria’s TopCheck

    Nigerian price comparison site, TopCheck, was recently acquired for an undisclosed amount by Silvertree Holdings, one of Africa's leading internet platforms. The price comparison site will be joining one of SilverTree's subsidiaries, Compare Africa Group (CAG) which is active in over three African countries. "The TopCheck team is excited to join forces with CAG. Together, we are forming Africa’s undisputed leader in price comparison," said TopCheck founder, Thomas Pilar in a press release. TopCheck was founded by European entrepreneurs Christian Wiesner and Jose Figueiredo, as well as Thomas Pilar in 2014.recorded fast growth last year. Not only have they processed US$10-million in Gross...

  • TenaCiTi to enhance junior recruits for small businesses

    The Cape Innovation and Technology Initiative (CiTi) in partnership with #CoCreateSA, an initiative of the Kingdom of the Netherlands, have launched their second TenaCiTi programme. The programme aims to improve small businesses by providing junior recruits with sufficient training to up their skills, such as such as time management and planning. This upskilling looks to allow the trainees to become more productive staff to aid in sustaining the business. TenaCiTi also aims to build an enabling relationship between the entrepreneur and their junior recruit by improving the existing HR department. HR consulting firm, LaytonMelville will be responsible for hosting intervention sessions between the entrepreneur and...