Ventureburn

JUMO’s $12.5m deal from UK investor, brings funding raised to $64.5m in 2018

In a further sign that fintech startup JUMO will again be a company to watch in 2019, the Mauritius-registered mobile financial services platform earlier…

Nigeria’s Wakanow secures $40m investment from The Carlyle Group

In what is one of the biggest disclosed deals this year, Lagos-based online travel company Wakanow.com has secured a $40-million equity investment from US alternative asset manager The Carlyle Group.

Entries now open for Spring 2019 Westerwelle Young Founders Programme

The Westerwelle Foundation is looking for 25 entrepreneurs to join its Spring 2019 Westerwelle Young Founders Programme.

AgroCenta to expand operations in Ghana after recently closed $650k round

AgroCenta CEO and co-founder Francis Obirikorang says the Accra-based agritech and mobile financial services startup will use its recently closed $650 000 round to expand operations in Ghana.

Eight SA tech entrepreneurs who made headlines in Ventureburn in 2018

A local startup founder accused in the US of stealing $600 000 from investors by faking details of his startup, a mysterious angel investor and an…

Africa Development Bank approves $7.5m investment in Kenyan VC fund

African Development Bank has announced that its board of directors has approved a $7.5-million in Nairobi-based venture capital firm Africa Tech Ventures.

Prize of $10k up for grabs for two startups in Seedstars Health Challenge

Seedstars has partnered with the Bill & Melinda Gates Foundation to identify innovative solutions to vaccine delivery and the malaria supply chain

Memecoins Outperform All Crypto in 2025 But South Africans Should Tread Carefully

In a tough year for crypto, one sector has bucked the trend: memecoins. According to a Storible x NFTevening study, memecoins are the only…

New MDIF Programme Backs Media Startups Across Southern Africa with Funding and Growth Support

As Southern Africa’s startup economy accelerates, the region’s independent media sector risks falling behind—underfunded, under pressure, and under threat. Enter Amplify Southern Africa, a…

AI Revolution for SMMEs – Opportunities and Legal Pitfalls for South African Startups

Artificial Intelligence (AI) is transforming South Africa’s small, medium, and micro enterprises (SMMEs). By cutting costs, streamlining operations, and opening new markets, AI is…

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…

MTN Group Fintech’s Mandela Day campaign is about much more than hygiene kits

By now, most Mandela Day campaigns follow a familiar script: brief acts of corporate kindness, obligatory photos, and promises to “give back.” MTN Group…

Old Mutual SMEgo has launched the 2025 Entrepreneur Mental Wellbeing Survey, a national initiative that puts the mental health of small business owners at…

Arab Bank for Economic Development in Africa Joins AWIEF 2025

With just four months to go until the 11th edition of the Africa Women Innovation and Entrepreneurship Forum (AWIEF), organisers have announced a keynote…

Perfecto AI Introduces Agentic Testing for Africa’s Fast-Moving Tech Ecosystem

Perforce Software has launched Perfecto AI, a new agentic AI testing solution designed to eliminate the time, complexity and fragility of traditional test automation….

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…

Novare Holdings anchors R2.8 billion Investment

In a bold move linking African capital with American industrial innovation, Novare Holdings, a leading South African institutional investment firm, has committed to anchor…

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