News articles

Seedstars World opens wildcard applications for SA finals

Seedstars World opens wildcard applications for SA finals

The biggest seed stage startup competition for emerging markets, Seedstars World has opened wildcard applications in search of startups in other provinces in South Africa that’ll compete in the national finals of the competition. Seedstars World organized two events – one in Johannesburg and the other in Cape Town – in the country in search

Orange launches US$55 million investment vehicle for African startups

Leading telecommunications operator, Orange has announced the launch of a new US$55 million (€50 million) investment vehicle for African startups. The new vehicle, known as Orange Digital Ventures Africa, is an Africa-focused section of its flagship programme for investment in startups, Orange Digital Ventures. Orange Digital Ventures was launched in 2015 and armed with €20

Nigerian online money transfer service Thrivesend officially launches

Online money transfer service ThriveSend has been around for while and has been pretty impressive – a lot of Nigerians, just like me, have used the service and can testify of its impressiveness. Thrivesend lets anyone with a with a local or international Mastercard, Visa or Verve card to send money to any verified Nigerian

Over 300 fintech startups are active in Africa, says report

Of late, Fintech startups have been on the increase in Africa thanks to hardworking entrepreneurs who are hellbent on changing the continent’s financial services landscape. These startups have attracted interest both within and outside the continent, raising more funds – US$31.4 million – than the other sectors tracked in a 2016 report. A new report

Morocco’s WaystoCap raises US$3 million to expand across Africa

Moroccan business to business (B2B) marketplace WaystoCap has raised US$3 million from several investors in a seed funding round to expand across Africa. Launched in 2014, WaystoCap allows businesses in Africa to buy and sell products. It facilitates trade in Africa by making product discovery, shipping, financing and payments easier. The startup has processed US$3.1

Alibaba’s Jack Ma to attend YouthConnekt Africa Summit in Rwanda next month

Chinese business magnate and billionaire Jack Ma is set to attend the inaugural YouthConnekt Africa Summit in Kigali, Rwanda next month. Dubbed “realizing Africa’s youth potential”, the three days event will primarily focus on youth entrepreneurship and how to explore and exploit opportunities on the continent. The event will highlight Africa’s vibrant technology scene as

Nigeria now has an official Twitter account

Our beloved country Nigeria has joined the likes of Canada, Israel, Ukraine, Sweden and several others in having an account on microblogging platform, Twitter. The Twitter account, @Nigeria, popped up on 9 June 2017 with the tweet “Welcome to the Twitter handle for the Federal Republic of Nigeria. Africa’s largest economy, and most populous country.”

12 startups selected for Seedstars Maputo

The biggest seed stage startup competition for emerging markets, Seedstars World has announced the selection of 12 startups for its Mozambique event. Called Seedstars Maputo, the competition sought the best of the best entrepreneurs/startups across the country. It was open to startups that are less than 2 years old, have raised not more than US$500,000

SpeedUPAfrica becomes African Startup Institute

“Africa’s Most Epic Founder Bootcamp”, SpeedUPAfrica has undergone sweeping changes that sees it become a full blown entrepreneurial academy. Launched last year, SpeedUPAfrica sought to transform African startups to “SpeedUPs” through mentorship, workshops and investment. 94 startups – 86 from Africa – were selected to participate in the inaugural four day event at the Ramada

SA’s Entersekt secures funds for int’l expansion

Stellenbosch-based innovator in push-based authentication and app security, Entersekt has raised an undisclosed amount of funds to expand internationally. Launched in 2008, the startup harnesses the power of digital certificate technology with the convenience of mobile phones to provide financial services companies and their customers full protection from online fraud. Its patented security products, which

CcHUB’s Social Change Summit to hold in Lagos this month

Nigeria’s premier social innovation centre, Co-Creation Hub (CcHUB) has announced the third edition of its annual Social Change Summit will hold this month in Lagos, Nigeria. Themed ‘How might we connect more Africans to more opportunities to move up the socio-economic ladder?’, this year’s summit promises to be bigger and better than the previous two.

More and more Nigerians are using ridesharing platform, GoMyWay

Nigeria’s trusted online ride share platform, GoMyWay has announced more and more Nigerians across the country are using the platform, indicating the innovation is being embraced. The startup disclosed, as it celebrates its second year in existence, it experienced a 150% increase in registered members and a 300% increase in the number of seats offered

3 startups win Seedstars Cape Town, advance to finals in Johannesburg

Three startups have emerged winners of Seedstars Cape Town, picking up slots to compete with other startups in the country at the Seedstars National Finals in Johannesburg. Seedstars World opened applications for its South Africa event, comprising satellite events in Johannesburg and Cape Town, event last month as it searches the best of the best

21 startups selected for Traction Camp

Twenty one startups have been selected to participate in the inaugural Traction Camp, a regional accelerator program aimed at nurturing startups in East Africa. Launched late last year, Traction Camp is aimed at supporting entrepreneurs across East Africa to create globally competitive, growth-oriented mobile and digital technology businesses. In order for the program to be

Uganda’s awamo raises additional US$1.7 million seed funds

Ugandan fintech startup, awamo has raised an additional seed funds of US$1.7 million (€2 million) from several investors to enable it roll out its solution across the country. The startup offers a mobile, biometric banking solution (SaaS) for unregulated microfinance providers in sub-Saharan Africa. Its awamo® 360 product eases the work of microfinance providers by

Google, World Bank support Code For Africa’s Digital Journalism initiative

Google, through Google News Lab, and World Bank have announced they’re supporting a Digital Journalism initiative to train African journalists in data journalism for a period of nine months (frommthis month till February 2018) The Digital Journalism initiative, the brainchild of data journalism and civic technology initiative, Code For Africa, aims to empower journalists in

Egypt’s social video analytics platform Mintrics raises funds for global expansion

Egyptian social video analytics platform Mintrics has raised an undisclosed amount of seed funds from Dubai-based venture capital seed fund, Numu Capital for aggressive global expansion and further development of the technology. Launched a year ago, Mintrics has been described as the only video analytics tool that uses private APIs to provide unparalleled detailed analysis.

Egypt’s Elmenus raises US$1.5 million to out new features

Egyptian online food discovery platform, Elmenus has raised US$1.5 million from Algebra Ventures in a Series A funding round to build new features and take on the big players in the digital food space. The startup houses a myriad Egyptian restaurants on its platform in order to help people easily discover the best place to