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All posts tagged "Africa"

  • Inside Nigeria’s bustling startup world — where the real ‘hustlers’ live

    Earlier this week, Ventureburn unveiled DEMO Africa’s top 30 startups for 2015. While attention is being given to Ivory Coast whose startup scene is making its debut this year on the DEMO Africa stage, the fact that no one was surprised to see Nigeria having more startups than any other country this year, just like last year, is giving credence to the notion that the startup ecosystem in Nigeria is booming. And it’s not just because of Nigeria’s large population. Below are a few of key characteristics I've picked up over the years, defining the West African country's as one of...

  • African Angel bootcamps to mobilise early-stage investors

    By partnering with a range of prominent industry influencers, the African Business Angel Network hopes to mobilise early-stage investors this year. The initiative is running a series of Angel Investor Bootcamps to be held in some of Africa's most buzzing cities -- Lagos, Nairobi and Cape Town. In run-up to one of the continent's largest pan-African startup pitch events, DEMO Africa, the bootcamps will consist of a master-class, expert sessions, the presentation of research material and in-depth case studies. The events are organised by the US State Department, VC4Africa, Intercontinental Trust and the LIONS Africa Partnership. Lagos, Nigeria -- 31 July The master-class will be conducted...

  • How important is Kenya in Africa’s growing startup scene?

    With US President Barack Obama expected to open the Global Entrepreneurship Summit in Kenya on Saturday, the East African country has seen a lot of attention of late. In a media briefing on Tuesday Kenya's President Uhuru Kenyatta said about 1 400 delegates are expected at the summit, which runs until Sunday. Much of Kenya's fame has come from mobile money platform M-Pesa (developed in the UK), which has allowed any one, including those in rural areas, to send and receive payments by cellphone. Added to this, a number of accelerators and incubators have cropped up in recent years in Nairobi (the...

  • These are DEMO Africa’s top 30 startups for 2015

    From entertainment marketplace Bozza Media in South Africa to Nigeria's elearning company Flippy Campus, DEMO Africa has just revealed its top selected 30 tech startups to pitch in September 2015. The pan-African startup competition launched in 2012 on a mission to showcase the continent's talent while providing opportunities for both investors and tech entrepreneurs. Hailing from all over the continent, finalists is said to have gone through a rigorous screening processes with the final vetting and adjudication done by a pan-African panel of judges comprised of entrepreneurs, VCs and academia. Read more: Say hello to DEMO Africa’s top 40 tech startups of...

  • Why communities work best for innovation in Africa

    With more and more South African entrepreneurs starting businesses in response to the country’s unique challenges, it’s no wonder that, out of the 30 entrepreneurs on Forbes’s recent Africa’s Most Promising Entrepreneurs list, seven come from South Africa. If innovation is the key to unlocking solutions for South Africa, what are we doing to nurture it? The business of small businesses in South Africa is booming. Startups are popping up everywhere with innovative, outside-of-the-box business ideas that answer the ever-growing need for practical, viable solutions in energy, tech, education, payments and more. Startups need all the support they can get in order...

  • SME Empowerment Challenge to support African innovations with up to $70k

    International heavy-weights Ford Foundation, World Economic Forum and the Hague Institute for the internationalisation of Law (HIIL) are collaborating to provide a lucky few innovative startups and SMEs in East and West Africa up to US$70 000 in seed funding. Based in the Netherlands, HIIL is a advisory and research institute for the justice sector with a mission to connecting bottom-up justice innovations with support and funding internationally. The Innovating Justice Challenge is in support of a variety of initiatives around the world including Kenya's Ushahidi; Access to justice for women in Kenyan property disputes; Legal aid for LGTBI community in...

  • Hong Kong VC firm Nest expands to Nairobi to support continent’s talents

    Hong Kong VC and incubation firm Nest has recently announced its expansion into Africa, connecting local talent with Asian investors abroad. Founded by Simon Squibb in 2010, Nest is described as Hong Kong’s only private, full service startup ecosystem. The firm has also partnered with major Asian banks such as DBS Bank as well as insurance provider AIA Group Limited. Located at Kenya’s popular co-working space, Nairobi Garage, Nest Nairobi is headed up by managing partner Aaron Fu who previously worked as regional digital strategy lead for Africa at Standard Chartered Bank. Fu says in a recent press release that the office...

  • She Leads Africa announces 5 female entrepreneurs for China Innovation Visit

    Social enterprise for women She Leads Africa, a Huawei sponsored event, has selected five female tech entrepreneurs from Africa for its programme this year. These lucky individuals will head to Shenzhen and Shangai in China to learn more about business and innovation in the far East. She Leads Africa is said to be the first programme dedicated to providing female tech entrepreneurs the opportunity to visit China and connect with industry leaders. Besides visiting the country, the women will meet with other tech entrepreneurs to learn how to expand their businesses into global markets. Yasmin Belo-Osagie, the co-founder of She Leads Africa,...

  • 4 reasons investors should seriously look to Africa for tech

    In recent years, Africa has become a hotbed of technological innovation. The spread of mobile technology has spurred new companies, such as delivery service MamaMikes, which allows dispersed family members to send gifts, and energy provider M-Kopa Solar, which now provides energy to a reported 150 000 homes across East Africa. This shift has transformed Africa’s investment landscape. African developers will continue generating cutting-edge technology in the coming years, and investors who jump on these new opportunities will reap the rewards. Here are four reasons to source your next tech product from Africa: 1. Mobile Tech Boom Smartphone penetration continues to increase as...

  • 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...