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  • Gauteng home to most tech startups, but Cape firms still more successful – survey

    Gauteng is now home to 55% of tech startup founders — ahead of the Western Cape’s 37%. In all, 36% of Western Cape startups report turning a profit or generating significant revenue, compared to 22% in Gauteng. The percentage of black tech startups has risen from 26% in 2015, to 56% this year. Just seven percent of black tech startups turn a profit, versus 15% of their white counterparts. Over a quarter of startups plan to raise angel or VC funding, but only eight percent receive such funding. Successful startup founders are most likely to be white males from the Western Cape. The Western...

  • Company Office

    How your startup can implement good accounting practices

    It is the dream of every startup to get external funding. However, without the right accounting practices in place, that is unlikely to happen, says Cloudworx founder and MD Gareth Price. Price (pictured above) believes it’s crucial that startups get accounting right from the beginning. He says one of the biggest mistakes a startup could make is something he says happens regularly -- running for a year without any accounting. "They sort of get through the first year, and then go, now I need to do some accounting. That becomes a disaster," he says, adding that the easiest way to fix...

  • Here’s why the World Bank Group moved to launch the Afrique Excelle programme

    A small turnout by francophone startups at the World Bank's XL Africa accelerator last year could be the reason why the organisation has moved to launch a francophone version of the same programme, Afrique Excelle. Only one francophone startup -- Senegalese mobile classifieds platform CoinAfrique -- made it into last year's XL Africa programme. The World Bank Group's InfoDev programme manager Ganesh Rasagam said at the time that over 900 startups from across the continent had applied to participate in the programme, with an independent panel of experts eventually selecting the 20 startups that participated in the accelerator. Five were Kenyan, nine were Nigerian, three were...

  • Joburg based insurance platform Franc Group wins 2018 Seedstars SA finals

    Johannesburg based self-insurance platform Franc Group was earlier this evening (14 November) crowned the winner of the 2018 Seedstars SA finals. The startup -- which earlier this month won the Seedstars Johannesburg pitch event -- came first ahead of property tech startup HouseMe which was placed second and peer-to-peer storage and parking platform Sxuirell which was placed third. Seven startups in all pitched. A jury comprised of Naspers Ventures strategy manager Minette Havemann, Nedbank head of disruption and innovation Stuart van de Veen, Seedstars regional manager for Africa Claudia Makadristo and Hybr partner Vuyisa Qabaka (pictured above, right with Franc Group founder and CEO Thomas Brennan)...

  • BREAKING: French media group Trace acquires stake in Senegal’s CoinAfrique

    Paris-based media group Trace today (14 November) announced that it has acquired an undisclosed stake in Senegalese mobile classified platform CoinAfrique. Today's announced deal is the third reported deal that the Senegalese startup -- which was founded in 2014 and launched in 2015 by Matthias Papet and Eric Genêtre -- has been involved in this year. The startup has developed one of the first mobile marketplaces for French-speaking Africans with operations in at least 15 countries across francophone Africa. Commenting in an earlier statement, Papet and Genêtre said the deal confirms the "strength of our growth model" and highlights the opportunity to create a pan-African francophone leader in the classifieds...

  • Here’s all you need to know about the Africa Innovation Challenge 2.0

    US-based pharmaceutical company Johnson & Johnson has launched the second edition of its Africa Innovation Challenge and is calling on innovators from across Africa to submit their entries before 16 January. This year's edition -- which was launched last Thursday (8 November) during the Africa Women Innovation and Entrepreneurship Forum -- aims to address the critical unmet needs of local communities in Africa while providing local entrepreneurs with support to create innovative healthcare products and services. Africa Innovation Challenge 2.0 includes six categories, which aim to address significant threats to Africa's health care systems and environment. These are: botanical solutions, mental health, packaging innovations, health...

  • Here are the 14 winners of the 2018 AppsAfrica Innovation Awards

    Tech advisory service AppsAfrica.com has announced the winners of the 2018 AppsAfrica Innovation Awards following its annual awards party held in Cape Town on Monday (12 November) evening. The awards -- which are now in their fourth year -- aim to celebrate the best in African mobile and tech, from both corporates and startups across 14 categories. In a statement yesterday (13 November), AppsAfrica.com said this year's edition attracted over 300 entries from more than 39 countries across the continent. All 14 winners will be invited to attend next year's Africa Tech Summit in Kigali on 15 February next year. This year's winners hail from...

  • Nigeria’s Terragon Group acquires Singaporean mobile ad company

    Nigerian data analytics company Terragon Group has announced that it has acquired Singaporean mobile advertising company Bizense. In a statement on Monday (12 November), the Lagos-based company did not disclose how much it had acquired Bizense for. However, Terragon stated that the acquisition deal was a "cash plus stock deal" which it went on to claim as "the first of its kind and scale in Africa". Bizense's flagship product is a mobile advertising platform for telcos, large publishers and advertising networks called Adatrix. The deal will enable Terragon to further adapt and integrate Bizense's marketing technology software for financial services institutions and consumer brands across Africa. Terragon entered into...

  • SweepSouth’s Aisha Pandor to speak at Ventureburn Tech Startup Survey launch

    SweepSouth CEO and founder Aisha Pandor has been confirmed to speak at the launch of the 2018 Ventureburn Tech Startup Survey which takes place this Thursday (15 November) at Workshop 17 in Rosebank, Johannesburg. Pandor (pictured above) last week celebrated after her startup clinched the award for the best small business category at the inaugural Southern Africa Venture Capital Association (Savca) business awards. She will also be joined on stage by business mentor Pavlo Phitidis, the CEO of Aurik Business Accelerator, who is a regular contributor to 702 Talk Radio and 567 Cape Talk Radio. The third edition of the Ventureburn Tech Startup Survey was run in partnership with Telkom Futuremakers...

  • Meet the Cape Town, Jozi startups that will pitch at Seedstars SA finals

    After holding pre-selection rounds in Cape Town and Johannesburg, emerging market startup competition Seedstars World will tomorrow (14 November) host the Seedstars South Africa Finals in Cape Town. The finals will take place at Seedspace Cape Town. At the event, seven South African startups from Cape Town and Johannesburg will compete for an opportunity to represent the country at the Seedstars Africa summit in Tanzania next month and the global summit in Lausanne, Switzerland in April next year. At the global summit, the winner stands a chance to take home up to $1-million in funding and other prizes. The Seedstars South Africa Finals will...

  • Google Play to train African developers on how to grow successful businesses

    The Google Play team is due to hold a Developer Day this month in Cape Town where it will train app and games developers based in Sub-Saharan Africa on how to grow successful businesses on Android and Google Play. The Google Play Developer Day is set to take place on 28 November during Africa Games Week. 📢 Calling all #AndroidDev based in Sub-Saharan Africa. Join this exclusive event to learn how to create quality apps and games, innovate, and grow a global business on #Android and #GooglePlay. — Google Play Apps & Games (@GooglePlayDev) November 5, 2018 At the exclusive invite-only event, members of Google Play...

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