News articles

55 entrepreneurs picked for Desert Startup Bootcamp in Tshwane

55 entrepreneurs picked for Desert Startup Bootcamp in Tshwane

55 young and aspiring entrepreneurs have been selected to take part in the first ever “Desert Start-up Bootcamp” Tshwane, a three-month experiential learning program to empower young entrepreneurs and expose them to best practices. A collaboration between Speak Afrika, Charities Aid Foundation Southern Africa (CAFSA) and the U.S Embassy Pretoria, the program is aimed at

SA’s Mobenzi raises US$1.2 million for int’l expansion

Mobenzi, a South African mobile-first technology impact startup has raised US$1.2 million (R16-million) in a Series A funding round to expand internationally, according to this report. Launched in 2007, Cape Town based Mobenzi has developed a suite of integrated platforms for mobile and the web which empower frontline workers and inform decision-makers. Its solutions –

Paris&Co, MEST sign partnership for ecosystems growth

The economic development and innovation agency of Paris, Paris&Co and Ghana’s Meltwater Entrepreneurial School of Technology (MEST) have partnered to grow each other’s ecosystems. Paris&Co prospects and provides support for foreign direct investments and promotes the international attractiveness of Paris abroad while MEST is in the business of incubating, training, mentoring & investing in aspiring African

Computicket acquires SA’s Entry Ninja for undisclosed sum

South Africa’s only national ticketing company, Computicket has acquired South African online event registration startup Entry Ninja for an undisclosed sum. Entry Ninja’s online event entry system facilitate entries for South African sporting events. Its solution enables customers to create and save a personal profile, allowing for quick and convenient finalisation of event entries. This

MainOne to build data centre in Ogun State

Leading provider of telecom services and network solutions for businesses in West Africa, MainOne is set to build a data centre in the Sagamu area of Ogun State, Nigeria. This was disclosed during a recent courtesy visit of MainOne’s Board and Management to the Executive Governor of Ogun State, Senator Ibikunle Amosun and his cabinet. According to

Africa’s e-commerce giant, Jumia lost €60.2 million in revenue last year

Africa’s leading e-commerce company, Jumia lost €60.2 million in revenue last year, according to Rocket Internet’s recently released financial report for 2016. The e-commerce giant saw its revenue drop by 41.7 percent from €144.6 million in 2015 to €84.4 million last year due to decrease of its gross merchandise volume and the shift from retail

10 startups picked for 2017 Barclays Accelerator in Cape Town

US-based startup accelerator that provides mentorship-driven seed stage investment services, Techstars has picked 10 startups for its second Barclays Accelerator in Cape Town. Launched last year by RISE, Techstars and Barclays, the accelerator is a three months intensive startup accelerator focused on innovations in financial services. 10 startups, encompassing a wide array of verticals with fintech, from across the

Nigeria’s first truly app-only bank set to launch soon

Yes you read that right. The country’s first truly app-only bank is set to launch soon and I cannot contain my excitement; y’all know my reasons aren’t far-fetched. I’ve always described Nigerian banks as “house of hassles”. From opening a bank account, to depositing and transferring funds, withdrawing same funds, or picking up something as

Applications open for Dubai fintech accelerator

Dubai International Financial Centre (DIFC), the financial hub for the Middle East, Africa and South Asia (MEASA) region, has opened applications for its ‘FinTech Hive at DIFC’ accelerator programme. First announced back in January, the 12 weeks programme is aimed bridging the investment gap in MEASA by creating a platform that drives innovation and showcase success.

Applications open for Africa Tech Pitch LDN

The African Technology Business Network (ATBN) has opened applications for the 2017 of London-based Africa-focused startup competition, Africa Tech Pitch LDN. Now in its third year, the competition is aimed at providing Africa-focused tech startups an opportunity to showcase their solutions to the London Tech ecosystem. The last edition was won by e-publishing company that publishes

AfriOne Limited launches smartphone assembly plant in Lagos

Information Technology and Services company, AfriOne Limited has launched a smartphone assembly plant in Lagos for the production of contemporary ICT devices and accessories. The assembly plant, described as a technological breakthrough and precedent for the company and for Nigeria, houses state-of-the-art equipment to aid the company in its quest for churning out quality locally

Airtel Nigeria set to launch 4G LTE across the country

It’s a case of better late than never for Airtel Nigeria as the leading telecommunications service provider in Nigeria has finally announced plans to launch its 4G LTE service across the country. According to this report, the telecom service provider has partnered Chinese multinational telecommunications equipment/systems company, ZTE for the rollout of the service. “This

Lagos-piloted Developer Circles launched globally

Facebook piloted a new program known as Developer Circles in Lagos, Nigeria recently. The social networking giant has now announced the global launch of the program. Developer Circles is a community-driven program for developers to share knowledge, collaborate, build new ideas and learn about the latest technologies from Facebook and other industry leaders. Each Developer

African developers took centre stage at F8, showcased innovative products

Facebook’s annual developer conference, F8 is a platform for the social networking giant to share new products and services with its vast community, and for the best developers across the world to showcase their products too. Just like its 2016 event where a slew of African developers showcased their innovative products and services to the

Kenya’s Paygo Energy raises US$1.43 million to build smart meters, expand

Paygo Energy, a Kenyan energy startup providing clean cooking fuel for the mass market on a pay-as-you-go basis, has raised US$1.43 million in a Series Seed funding round to build its next gen smart meters and expand across Nairobi. The Nairobi-based startup seeks to democratize LPG (Liquefied Petroleum Gas or Propane) for the 2.9 billion people

Nigeria’s REACH selected for DFS Labs’ Fintech incubation program

Early-stage startup incubator Digital Financial Services Innovation Lab (DFS Lab) has selected 9 startups for its US$100,000 Fintech incubation program, with Nigeria’s REACH making the cut. The program seeks world class entrepreneurs, engineers, product managers, or other brilliant people looking to build digital services for millions of users, especially those in developing countries with little

World Bank launches acceleration program for African digital startups

The World Bank, in partnership with Venture Capital for Africa (VC4A), has announced the launch of a post-acceleration program for digital ‘scale-ups’ from across Africa. Known as XL Africa, the program is aimed at realizing the growth potential of Africa’s top ventures and to position them for international expansion. The 20 startups to be selected