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131 startups selected in first adjudication round of DEMO Africa

131 startups selected in first adjudication round of DEMO Africa

A total of 131 startups have been selected in the first adjudication round of DEMO Africa, one of the flagship initiatives of LIONS@frica and described as the “launchpad for emerging technology and trends”. The 131 startups were selected from over 723 applications that were received. The applications were received from 46 countries – last year’s event

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Capria launches US$100 million fund to invest in African startups

Capria, a venture capitalist supporting new impact fund managers in emerging markets, has announced the launch of a US$100 million fund to invest in African startups. Known as Capria Emerging Managers Fund, it will invest in equity and debt funds targeting early-stage impact businesses across Africa. According to research, impact investors managed over US$60 billion of

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12 startups selected to pitch to Hiro Mashita for chance to win US$2,500

12 startups have been selected to pitch to prolific Japanese investor, Hiro Mashita at the TechCircle-organized Meetup: Drinks with Hiro Mashita and the Lagos Techosystem. The startups were selected by a team of judges with the Radar Startup Competition also taken as an indication of interest. In no particular order, the startups are described below: Mydaz

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SEACOM peers more Internet Exchange points in Europe & Africa, customers to enjoy better Internet

SEACOM, Africa’s foremost network service provider and ICT enabler, has announced it has peered with Internet Exchange points (IXP) in Europe and Africa, adding to the growing list of Internet exchange points it currently peers with. Deutscher Commercial Internet Exchange (DE-CIX) in Marseille and France Internet Exchange (FranceIX) in Paris are the Internet Exchange points it

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MTN Nigeria appoints first Nigerian CFO

MTN Nigeria, the Nigerian subsidiary of MTN, Africa’s leading telecommunication company, has announced the appointment of Adekunle Awobodu as its new Chief Financial Officer (CFO), the first Nigerian to hold that position. With over 22 years professional experience and international exposure in finance, Adekunle Awobodu is considered to be more than qualified to hold the

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Furniture marketplace, Furnish.ng wins Radar Startup Competition

Furnish.ng, an online furniture marketplace, has won the Radar Startup Competition, a pitch contest where the winner was determined by votes of the members of the community. The contest required startup founders to pitch their startups in less than 100 words in a pre-defined format to the community who then vote for their favourite startup.

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Wits University offers MOOCs on edX to enhance access to higher education

Wits University, a multi-campus South African public research university situated in the northern areas of central Johannesburg, has announced it now offering a suite of online courses on edX, an online learning platform. The online courses include massive open online courses (MOOCs), short online courses, and full online degree programmes. Within the next three months,

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MTN to sell-off controlling stake in Afrihost

MTN, Africa’s leading telecommunications company, has announced its intention to sell-off its controlling stake of 50.02% in Afrihost, a South African Internet services provider. The sale is planned so as to enable the telco focus on core business, and pursue opportunities in relevant adjacent businesses. “The deal is in line with MTN’s strategy of focusing on core business

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CcHUB to organize open day for parents & kids at re:learn centre in Abuja 

Co-creation Hub (CcHUB), a Lagos-based incubator and accelerator, has announced it will be organizing an open day for parents and their kids at its recently launched re:learn centre in Nigeria’s capital, Abuja. The event is being organized with the sole purpose of giving both parents and kids a first-hand dive into the world of computer programming.

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94 startups selected to take part in SpeedUPAfrica

The startups that are to take part in SpeedUPAfrica, an event seeking to transform African startups to “SpeedUPs” through mentorship, workshops and of course, money, have been announced with 86 coming from Africa. The startups from Africa include Hotels.ng, a Nigerian online hotel booking portal for Africa, Printivo, a Nigerian online printing company, and mymusic.com.ng,

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Thomson Reuters Is Accepting Applications For Its African Startups Challenge

Thomson Reuters, a major multinational mass media and information firm, has announced it is accepting applications for the African Startup Challenge. The challenge seeks new top startups that make a good investment or partnership opportunity for Thomson Reuters and its customers. From the applications received, the best teams will be selected with 5 eventually chosen to

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Pitch to win US$500 (and maybe another US$2,500) in the Radar Startup Competition

If you’re a startup founder in Nigeria and you’re looking to win US$500 in a ridiculously easy way, then you should enter the Radar Startup Competition. Wondering how easy it is? Here is it: Simply pitch your startup to the Radar Community [1] and if you get the highest number of votes over a 48-hour period,

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Alpha Pitch to take place at Demo Africa in Johannesburg

DEMO Africa, one of the flagship initiatives of LIONS@frica and described as the “launchpad for emerging technology and trends”, has announced it will re-introduce the Alpha Pitch in this year’s launch event in Johannesburg, South Africa. The announcement was made in Lagos, Nigeria by Mr. Mbugua Njihia, the Event Director after presiding over the Nigerian leg of the

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Rob Shuter Is MTN Group’s New President & CEO

MTN Group, a South Africa-based multinational mobile telecommunications company, has announced the appointment of Rob Shuter as its new President and CEO. A South African national, Rob has extensive experience in telecoms and banking having held senior management roles at Vodacom Group, Standard Bank and Nedbank prior to joining Vodafone Group. MTN is confident that

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4Di Capital’s new tech fund raises US$17 million

4Di Capital, an independent venture capital firm based in South Africa, has announced a whopping amount of US$17 million has been committed to its new technology venture fund, bringing the raise to its first close. Exponential Ventures, the externally focused innovation unit of JSE listed insurance group MMI Holdings which recently invested in SA startup,

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GE launches first innovation centre in Africa

General Electric (GE), a US multinational conglomerate, has announced the launch of its first innovation centre in Africa – there are 10 of such centres across the world. Located in Johannesburg, South Africa, the centre, which cost about US$32.7 million to set up, will be an incubator where innovative solutions that will benefit Africans will

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Chan Zuckerberg Initiative Makes First Investment And It’s Into Andela

The Chan Zuckerberg Initiative, a US$45 billion philathropic company started by Mark Zuckerberg, the Facebook CEO, and wife Priscilla Chan, has made its very first investment and it’s in Andela, a talent accelerator co-founded by Iyinoluwa Aboyeji. The US$24 million Series B investment will be used by Andela to expand into a new country in

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