Africa, Startup news

Go Metro named Cape Town winner of Get in the Ring 2014

Get-in-the-Ring2 Get in the Ring (GITR) South Africa has announced transport startup Go Metro as the regional winner of the Cape Town batch. Founder of Go Metro Justin Coetzee will represent Cape Town in Rwanda as part of the regional finalists in September 2014. Over 2 000 startups from around 50 countries will compete for the grand sum of €1 000 000 (R15 000 000) in November. Apart from the global competition, GITR says to encourage the global entrepreneurial movement ...

Africa, Featured

Many fragments of a whole: unmasking Nigeria’s tech industry

Lagos skyline "Things don't work like that here," someone in the audience responds as Gareth Knight, founder of popular tech conference Tech4Africa, talks about the need to learn on your feet. There seems to be an underlying negativity when it comes to the tech ecosystem in Nigeria. There's a sense that it will always be a struggle and a hustle; one with no glorifying future in sight. I am at lunch with three startups: one has a solid footing in the market and ...

Africa, Startup news

Pearson looking to fund, incubate Africa’s top edtech startups

Books-desk Pearson, in collaboration with US accelerator Village Capital, has announced its Edupreneurs programme which seeks to support entrepreneurs across Africa trying to solve pressing education issues. The programme will host 15 chosen edtech startups in South Africa after which two winners will be given up to US$75 000 in seed funding. Although the programme will be operating in South Africa, applications are open to all entrepreneurs across the continent who want to make a positive impact on the future of learning. ...

Ecommerce, News

Stately is SA’s online shop for all your curated décor needs

stately Stately is an online shopping service that curates products for lifestyle estate residents in South Africa. After having launched a new site, it also carries a bunch of fancy features such as a concierge service, home exchange, and a premium pre-owned luxury goods authentication service, to make the buyer feel more at home. By riding on the belief that the ecommerce landscape can easily become overwhelming, Stately hopes to feature the best in local design. To better the shopping experience, each ...

Emerging Markets, News

Apis Partners fund to target promising fintech startups in emerging markets

Apis-Partners Apis Partners is a new fund dedicated to startups operating in the financial tech industry within growth markets. With Africa and Asia specifically in mind, the fund seeks to raise between US$250-million and US$300-million. In collaboration with Anthemis Group, the move comes after a history of successfully completed investments in the world's fastest growing markets. "Africa and Asia showcase similar financial services innovation patterns as these regions continue to transform to meet growth market financial service needs," reads the company's current ...

Entrepreneurship

Here’s why failure is a rite of passage to success

fail Winning the first time, every time and all the time is unrealistic and harmful to your continued success. Entrepreneurial delusion is a real thing. If it isn’t an official thing, it really should be. We (the entrepreneurs) believe that we will succeed no matter. We’re different, we’re unique, we’re in the top percentile of companies that actually make it beyond the first 18 months. We convince ourselves so intensely that this is the case that failure becomes the enemy. But ...

Africa, Startup news

Video on demand startup iROKOtv expands to East Africa

iROKOtv_logo_2014_lightbg_large_comp Online television startup iROKOtv will be opening up its doors to Rwanda, Kenya, Tanzania and Uganda in the following week. The move comes as part of the company's transition to focus more on the local African audiences as opposed to its diaspora. Originally based in London, UK and Lagos, Nigeria, founder of iROKOtv Jason Njoku explains the massive market potential in East Africa, pointing out that the active payment penetration as well as the internet data are significantly cheaper than ...

Startup news

Global startup Easy Taxi bags $40-million in funding

EasyTaxi Transport app, Easy Taxi, has secured US$40-million led by the Russian Phenomen Ventures and German Tengelmann Ventures. Backed by Rocket Internet, the startup operates in Latin America, Africa, Middle East and Asia and is often dubbed the world’s farthest-reaching taxi app. Dennis Wang, co-CEO at Easy Taxi says the new round of Series D funding will be used to help scale operations in existing markets. He explains: “We are very proud to have secured this new round of funding, which will ...

Startups

From stores to the streets: SnapScan’s road to a cashless society

SnapScan-example This week, SnapScan rolled its app out to The Big Issue vendors across South Africa, the non-profit magazine that's usually sold at intersections in urban areas. People with the app can now purchase the latest issue by simply taking a photo of a QR code and typing in the amount they want to pay. There's no hassle of fiddling for your wallet or looking for change lying around in the car before the light turns green. The Big Issue vendors ...

Africa, Tencent

WeChat, Dream School partnership brings second screen content to mobile

dreamschool wechat Dream School SA, the prime time series featured on SABC, will transcend the television's square box and push additional content via mobile channels, most notably, WeChat. Partnering with one of the world's fastest growing social networking apps has some merit -- the platform now has 395-million users globally, and an extensive, ever-growing membership in South Africa. Dream School SA, with a viewership topping nearly three million too, has also seen an influx of subscribers to its WeChat account since the move. The ...

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