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

Talks are in progress to overhaul South Africa’s Covid-19 loan guarantee scheme, which aims to support small firms, but has struggled with low take-up….

Nigeria wants to save startups, SMEs and create one million tech jobs

Nigeria wants to implement a number of measures that could affect its tech ecosystem as part of its economic sustainability plan (opens as a PDF)…

Covid-19 and African tech startups roundup [18/06/2020]

President Cyril Ramaphosa last night announced that level 3 lockdown restrictions would be further eased, allowing hotels, restaurants, cinemas and personal care services such…

Vinny Lingham’s Civic launches consumer-first digital wallet

US based SA entrepreneur Vinny Lingham’s startup Civic, has launched its Civic Wallet on the App Store and Google Play. Civic, a leading innovator…

Lori Systems, Twiga Foods included on WEF’s 100 New Technology Pioneers list

Kenyan tech startups Lori Systems and Twiga Foods have been included on the World Economic Forum’s (WEF) 2020 Technology Pioneers list which includes 100…

Egyptian edtech Zedny launches arabic learning platform after netting $1.2m

Egyptian edtech Zedny has launched its arabic learning and development platform after netting a pre-seed investment of $1.2-million. Dubai-based tech platform Magnitt reported in…

SA fintech Planet42 founded by Estonian duo raises $2.4m [Updated]

Planet42, a South Africa based fintech founded by two Estonian entrepreneurs has raised €2.2-million ($2.4-million) from a number of Estonian investors. Planet42 partners with…

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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