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All posts tagged "Africa"

  • Partech Ventures announces launch of Africa fund, having secured €57m so far

    Silicon Valley fund Partech Ventures has announced the launch of its Partech Africa fund, which has secured over €57-million commitments so far. In a press release today Partech Ventures said it aims to raise €100-million to invest in early-stage African startups, with the average deal sized expected to range between €500 000 and €5-million. The fund will operate out of Partech Ventures's new offices in Dakar. Partech Ventures, founded in 1982 in Silicon Valley, claims the fund is the first technology fund of such size from a top tier international venture capital (VC) fund to be exclusively dedicated to the tech ecosystem in Africa. The fund will invest in...

  • Time to re-imagine education, training to prepare for Fourth Industrial Revolution

    “If you are left behind in the digital era, you will never catch up.” These were the thoughts shared by Telkom CEO Sipho Maseko at the much-hyped BCX Disrupt Summit held in Johannesburg earlier this month. The summit brought together thought-leaders from a range of disciplines presenting on some of the hottest topics associated with disruptive innovation. While there were some contrarian views (such as, is this really the 4th industrial revolution?), one thread running more-or-less consistently through the discussions was grappling with South Africa and Africa’s readiness for this innovation age. As Maseko grimly pointed out, while Africa had been left behind in...

  • Everything you need to know about West African startup landscape [2017 Update]

    Update: Are you a venture capitalist or an angel investor looking to invest in a company? Are you an entrepreneur looking for capital or other opportunities? Are you an aspiring startup owner looking for assistance? Well, you have come to the right place. Ventureburn presents an updated* guide to West Africa’s startup scene. This article is the most comprehensive guide for anyone who wants to get involved with, or have a better understanding of, the region's fast-growing startup space. It's the second of our inaugural series, with others focusing on South Africa and East Africa. With some insight from our friends...

  • Q&A: Report details fintech’s explosion across African continent

    Africa has seen a boom in fintech in the last two years, with 301 startups now active in the sector on the continent, a report released earlier this month by Disrupt Africa reveals. Ventureburn asked Disrupt Africa co-founder Tom Jackson and co-author (along with Gabriella Mulligan) of Finnovating for Africa: Exploring the African Fintech Ecosystem Report 2017 to share some of his thoughts on where fintech is going in Africa. Ventureburn: What are some of the most surprising things you have uncovered in fintech in Africa in the last two and half years? Tom Jackson: There are plenty of things that obviously don’t surprise us, such as the fact...

  • Report: African tech startups receive funding boost in 2016

    The number of African tech startups receiving funding in 2016 has risen by almost 17% compared to the previous year, a new report found. The second annual Disrupt Africa Tech Startups Funding Report found that 146 African startups raised US$129.1-million in 2016. The report clarified that, while the number of startups receiving funding has increased, the actual amount of funding saw a decline. As for the most popular nations, South Africa, Kenya and Nigeria accounted for just over 80% of funding secured. Fourth-placed Egypt was a fast mover though, seeing 100% fundraising growth. The continent has seen a slew of fintech-related startups...

  • French Tech Cape Town looking for 2 startups to pitch in France

    French tech ecosystem hub French Tech Cape Town is looking for two startups to pitch in France. Those chosen will be able to meet investors, "leading" firms, and public institutions in France at Development and Digital Africa Days 2016. The event takes place from 26 to 28 of October and is organised by the French Directorate General for Enterprise and La French Tech. In order to apply, SA startups will need to be "willing to develop partnerships with French firms from the digital industry". The startups will also need to operate in the digital content, digital economy services, digital infrastructures, or e-government services spaces. If...

  • CES to host Africa Tech Now Village startup showcase in 2017

    Taking place at the yearly CES technology exhibition in Las Vegas, Eureka Park is the destination for startups to launch new products during the event. In 2017, it will also play host to African startup showcase, Africa Tech Now Village. The Africa Tech Now Village will connect ten pre-selected startups with investors, potential clients, and more. They will also receive training, access to workshops, and a webinar for the event. The event is looking at early to mid-stage startups in the digital technology field, such as edtech, agri-tech, and ecommerce, to name a few. They also need to "show a ground breaking innovation," preferably addressing the...

  • Top startup events in South Africa, Africa you should know about this week [18/07/2016]

    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...

  • Landmark Barclays Africa accelerator programme concludes

    Ten companies have showed off their wares as part of the first ever Barclays Africa accelerator programme. The programme, hosted by the Barclays Rise innovation hub in Cape Town, saw the companies receive 13 weeks of mentorship, networking and development before their Demo Day, Absa said in a statement. The Barclays Accelerator is supported by Techstars and promises an "intensive startup programme" for innovative businesses in the fintech sector. The Demo Day saw over 400 people in the audience, including investors, industry/fintech experts as well as Absa and Barclays executives. "We are thrilled with the quality of the ventures. This first-ever cohort to...

  • Top startup events in South Africa, Africa you should know about this week [15/02/2016]

    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...