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Covid-19 and African tech startups roundup [26/06/2020]

Telkom Business has launched Yep!, a digital marketplace app where customers can search and purchase from small businesses. This, while new statistics from fintech…

Egyptian edtech OTO Courses nets investment

Egyptian edtech OTO Courses, which offers online English language courses to individuals and businesses, has raised a six-figure dollar investment. Tech publication Menabytes reported…

Township entrepreneurship fund delayed, Seda funding cut as Covid-19 support prioritised

The Department of Small Business Development will delay the implementation of its R800-million township entrepreneurship fund, to offset the R1.1-billion allocated to the department…

Another report, another number, for VC investments in African startups [Opinion]

Those in Africa’ tech startup scene can be forgiven for being confused when asked how much venture capital (VC) goes to the continent’s startups….

Covid-19 and African tech startups roundup [25/06/2020]

Presenting his special adjustment budget yesterday, Finance Minister Tito Mboweni said he expects the SA economy to contract by 7.2% in 2020, the country’s…

Ingressive Capital grows African tech fund to $10m

Lagos based venture capital (VC) fund Ingressive Capital has announced that it has doubled its investment fund to $10-million, to back high-growth, tech-enabled startups…

Wallets Africa raises fresh capital from Samurai Incubate, Mozilla, Michael Seibel

Nigerian fintech startup, Wallets Africa, has raised an undisclosed round of investment. Founded in 2018, Wallets Africa makes it easy for users to transact across…

Innovate47 Launches Global Food & Agri Accelerator to Back Climate-Smart Startups

Innovate47, the global venture builder and entrepreneur support organisation, has launched a new Food & Agri Accelerator to help founders reshape food systems and…

Simbi Wabote’s 10-Year Roadmap: How Nigeria Achieved 54% Local Content Growth

When Simbi Wabote assumed leadership of Nigeria’s Content Development and Monitoring Board (NCDMB) in 2016, he inherited an oil industry where local participation had…

Records Tumble In Best Year Yet For South Africa’s Hedge Fund Industry

South Africa’s hedge fund industry closed out 2024 with its strongest performance to date, according to the latest Novare Hedge Fund Survey. Assets under…

REdimension Capital closes R250m property tech and sustainability fund

REdimension Capital has announced the final close of its Real Estate Technology & Sustainability Fund I, with aggregate commitments surpassing R250 million. The fund,…

Why the ‘Ego Tax’ is Costing Your Business

In boardrooms around the world, a silent cost is eating into business performance. It’s not market disruption, tech upheaval, or economic uncertainty. It’s ego….

South African Women Entrepreneurs Get It Right

Forget the pivot-happy, VC-addicted startup circus. Forget the “we’re Uber but for dogs” mentality that’s infected entrepreneurship like a particularly virulent strain of intellectual…

Fintura Heads to Silicon Valley After Winning SA Startup World Cup

A South African fintech startup is headed to the global stage. Fintura, an AI-powered accounting platform for professionals, has won the South African chapter…

Capitec and Mama Money Launch Fintech Partnership to Empower Migrant Workers Across Africa

South Africa’s largest digital retail bank, Capitec, has partnered with remittance fintech Mama Money to radically lower the cost of sending money across borders…

AfriLabs’ 2024 Impact Report Charts Path to $1 Trillion Digital Economy

In a tough funding climate, Africa’s largest network of innovation hubs has bucked the trend. AfriLabs, now spanning 514 hubs in 53 countries, directly…

Why 3 Out of 4 South African SMEs Still Can’t Raise Capital

World SME Day on 27 June is supposed to be a celebration of entrepreneurial grit. But for most small businesses in South Africa, it…

Huawei Cloud and Elenjical Solutions Partner to Accelerate Financial Digital Transformation in Africa

As Africa’s financial sector races toward digital transformation, one thing remains clear: legacy infrastructure is still a massive drag on progress. Now, Huawei Cloud…

Five Ways to Back South Africa’s Young Entrepreneurs

Youth unemployment in South Africa remains one of the country’s most urgent socio-economic challenges. Yet, the solution many continue to champion is also one…

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