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All posts tagged "Africa"

  • 7 renewable energy startups trying to revolutionise the way Africa keeps its lights on

    Africa has a serious energy problem. This is ironic considering the abundance of natural resources available, from coal in South Africa to oil in Nigeria. It just so happens that both of these powerful economies rely on limited, environmentally-unfriendly resources, struggling to keep up with economic growth. This might start to change. Earlier this year, billionaire futurist Elon Musk geared the world's attention on the real potential of renewable energy with the introduction of the Tesla Powerwall -- the battery set to revolutionise the way people use electricity grids around the globe. Musk believes that the Powerwall could not only become...

  • Tony Elumelu Foundation welcomes 1k entrepreneurs to Pan-African bootcamp

    What's being dubbed the largest ever gathering of emerging entrepreneurs on the continent, the Tony Elumelu Foundation's (TEF) two-day bootcamp session will host 1 000 selectees from the Tony Elumelu Entrepreneurship Programme from 10 to 12 July in Ota, Nigeria. "We hope The Tony Elumelu Entrepreneurship Programme can catalyse and encourage other African business leaders to empower emerging entrepreneurs. If we all come together with requisite resources we can make a significant difference," said Tony Elumelu, the founder of the US$100-million Pan-African entrepreneurship initiative at a recent press conference. Selected out of a total 20 000 entrepreneurs from across the continent, the 1...

  • Rwanda’s Think adds 4 new startups to its accelerated incubator

    Think, a Rwandan-based startup accelerator, has recently added four new startups to its new programme. Taking place over the course of three months, entrants in Think Accelerated will be part of a high-intensity offering. The programme hopes to be faster and more immersive than its standard six-month course. Having launched in 2014, Think, based in Kigali, Rwanda, aims to incubate tech startups with digital solutions that can scale across Africa. The decision to add a three-month fast-track offering, while still continuing the core six-month version, allows entrepreneurs to return to their home markets after the intense session. Entrants will receive financing, strategic...

  • SA’s mobile TV app Tuluntulu part of Foundry50’s top global startups

    South African TV and audio streaming app Tuluntulu is named one of Unilever's Foundry50 top startups from around the globe. Tuluntulu is the first startup from Africa recognised by Foundry and will be introduced to relevant marketers and agencies from around the globe at the Cannes Lions International Festival of Creativity. Unilever is one of the world's biggest ad agencies with over 7 000 marketers at its disposal and 300 designated as mentors for the selected Foundry50 startups. "The reality is that the more the marketing industry can get behind startups, pilot with them, partner with them and help them scale,...

  • 5 women entrepreneurs from Africa to keep an eye on

    Africa is often viewed as a destitute region consumed by war, famine and disease. These are all very real facts and we are not here to minimise their severity. However, we do want to shed some light on the immense potential that some of these countries are showing. And this potential is in part due to the sheer force and determination of African women (over 520 million on the continent!) We all know that women are born fighters. They fight for their rights, for their children and for their future. From a 20-year-old who manufactures bikes with Ghanaian bamboo, to...

  • Africa’s the new China — here’s why investors should care

    Apart from the fact that one is a continent and the other a country, Africa is the new China. This seems like an odd idea at first. After all, China has a booming economy, and African countries are poverty-stricken, politically volatile, and unjustifiable business risks. Right? Wrong. Africa is actually the next frontier in global expansion. Allow me to explain. Pretend for a moment that you’re the CEO of a major American clothing manufacturer. Your company is thriving, but you want to diversify your sourcing chain. You typically outsource this production to Chinese companies, but the current rising energy and human capital costs...

  • Seedstars World coins cinema booking site Moovi Mozambique’s top startup

    Global seed-stage competition for startups Seedstars World has kicked off its African tour in Maputo, Mozambique this week where cinema booking site Moovi walk away as the winning company. The inaugural event covers a total of 50 countries worldwide and managed 11 startups from Mozambique to pitch alongside Moovi. Runner-up Mozambikes provides branded bikes for rural areas while online shopping startup Compra came third. Online booking sites seems to be hot in Africa as of late. This week Nigeria's Hotels.ng announced an international investment worth over US$1.2-million. Moovi will be flown to Switzerland in February 2016 for the final event where it...

  • MEST incubator looks to Kenyan talent in regional expansion

    On a crusade to create a pan-African business incubator, Ghanian-based initiative Meltwater Entrepreneurial School of Technology (MEST) has announced that it's entering Kenya -- the third country its gaining a foothold in the growing tech ecosystem. Established in 2008, the MEST provides MBA-type training, investment and incubation to aspiring high tech entrepreneurs in Africa and with bridges to Silicon Valley. As mentioned in a press release, MEST has plans to have new locations and mentor networks established in the coming years in Nairobi, Lagos, Cape Town and Johannesburg, in addition to its flagship in Accra, Ghana. "2014 was the first year that...

  • Ornico snaps up Fuseware to fuel African expansion

    Fuseware, the digital analytics agency tracking South Africa's social media landscape, has been acquired by local media and analytics company Ornico for an undisclosed sum. By leveraging Fuseware's expertise, Ornico now plans to further sink its cross-channel media monitoring services deeper into the continent. Established in 1984 as a company that monitored television advertising, Ornico has grown organically and expanded beyond South Africa. In 2008 it opened up shop in Nigeria which was followed by new offices in 2014 in Kenya and Ghana. “The acquisition has made Ornico a one-stop-shop for broadcast, print, digital and mobile monitoring and analysis,” said Ornico's...

  • These 4 engineers are using entrepreneurship to make their innovations go big

    The Africa Prize for Engineering Innovation has recently announced the top four engineering innovations from the continent. After given business training and mentorship, these engineers are now gearing up to take their products to market. The innovations include a system that enables Kenyans to swap airtime for cash, nanofilters for clean water in Tanzania, fence-mounted warning system against theft and poaching in South Africa, and a precision fertiliser applicator to help Zambian farmers be more efficient. The finalists were chosen out of 12 African entrepreneurs who were given a package of six months of business training and mentoring from the the...