Africa, Startups

6 clever tech startups trying to pop Africa’s remittance bubble

remittance Remittance is a massive cash cow in Africa and the rest of the developing world. The service fees for transacting money from across the continent or abroad amounts to an estimated US$60-billion – a ridiculous amount that’s even said to outweigh Western aid in the continent. But the cost isn't limited to taxing financial fees. The value of time and security also affects a massive portion of the developing world. Africans sending money home from abroad are charged an average of ...

Entrepreneurship

Grindstone reports 61% increase in revenue for all its companies

SAMSUNG CSC A little more than a year ago, I had breakfast with Keet Van Zyl, from Knife Capital. He told me he was about to launch an accelerator programme for "scale-up" companies. My response: "Oh dear, not another one". Knife Capital is a Southern African growth equity fund manager and advisor that focuses on innovation-driven ventures with proven traction. What the company wanted to do was prove that growth could be engineered through its Grindstone accelerator programme -- an entrepreneurial leadership academy of ...

Africa, Mobile apps, News

MTN dubs Live Inspect South Africa’s best business app of 2014

MTN-Logo South African telecom giant MTN has announced the category winners for its popular annual business app competition. Data capture app for insurers Live Inspect was named this year's winner. This being MTN Business App of the Year Awards' third event running, competition was exceptionally stiff, according to MTN. The awards included an extra Consumer’s Choice category, which is the only awards category not influenced by the judges. Mobile payments app Zapper walked away with the trophy in that particular category. ...

Advertising & Marketing

Dentsu Aegis buys out Crimson Room Communications, will be integrated into Posterscope

Crimson Room The spate of acquisitions in the South African agency space shows no sign of slowing down, with Crimson Room Communications the latest to be bought out by a large international network. The experiential marketing company has been bought out by Denstu Aegis, which itself is made up of eight global network brands, including Carat, Dentsu, Dentsu media, iProspect, Isobar, mcgarrybowen, Posterscope and Vizeum. Established in 2005 by Philippa Viljoen, Crimson Room Communications offers a range of experiential marketing services from ...

Emerging Markets, Startups

Placing your bets: 5 BRICS startups making it big that you need to know about

Bricks-colour If I ask you to name one startup from each of the BRICS countries, chances are you will stutter Alibaba, maybe Vkontakte, and then try Google something (which you won’t find). So for you to shine at your next dinner party or just to fill your wealth of knowledge, here’s a guided tour of big startups from Brazil, Russia, India, China, and South Africa. Brazil’s Hotel Urbano: how to beat Bookings.com in one year only Let’s start with Brazil, both because it’s ...

Africa, Ecommerce, Startup news

Popular SA foodie online shop Yuppiechef is going international

Yuppiechef---Logo---RGB South African-based online kitchen utility shop Yuppiechef is recognised as one of South Africa's top commerce platforms and is well known for its cult loyal community support. Now, the company has announced that it's expanding its vision, and focusing on sales to  other countries. Since launching in 2006, Yuppiechef has been nominated as South Africa's best ecommerce site four times. It has also boasted impressive revenue stats over the last few years. In essence, what it's been doing in South Africa works. As part of its global strategy, the ...

Mobile apps, Startup news

Magnetic launches business management app for those on the go

Magnetic-logo South African online business management platform company, Magnetic, is launching its mobile app this week. With this, and some handy features up its sleeve, the company hopes to hook more than 5 000 business clients within the next year. Since opening up shop in 2012, Magnetic has been trying to corner the local Business to Business market by providing an all-in-one management platform online. The company's service package aims to take care of everything ranging from sales, CRM, accounts to ...

Africa, News

The UN and Microsoft want to empower 200K Ethiopian entrepreneurs

Ethopia MSFT There is no denying that Africa, and East Africa in particular, is currently buzzing with entrepreneurial activity. Adding to the buzz, the United Nations Development Programme (UNDP) has signed a collaborative agreement with Microsoft East Africa Limited to grow entrepreneurship in the region. The agreement sees Microsoft providing training and mentorship services to Ethiopia’s UNDP supported Entrepreneurship Development Programme (EDP) for 200 000 entrepreneurs. These services fall under Microsoft's flagship entrepreneurship programme in Africa, the 4Afrika Initiative. The initiative looks ...

Africa, Startups

OurHood is building online communities so we can get to know our neighbours better

OurHood-postcard The sharing economy is a really exciting concept. The idea has been around for a decade now and popularised by internet startups like the accommodation sharing platform AirBnb and carpooling service by Uber. In South Africa, in the true spirit of Ubuntu, Springleap is a good example, enabling creatives to collaborate and connect with agencies. Until now though there hasn't really been a platform that concentrates on building and strengthening communities. OurHood wants to be that platform. Though its founders ...

News

Media24 launches Efinity, its ecommerce fulfillment service

efinity We are all gaga for online shopping. It's true, South Africa's ecommerce space is currently growing at a rate of 30% annually and is projected to grow even faster as barriers to entry drop. Armed with this information, the tinkerers at Media24 eCommerce -- a division of Media24 -- today announced the launch of Efinity an ecommerce fulfillment service. According to the company, the service integrates with a retailers ecommerce site. This move makes perfect sense for a company like Media24 ...

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