African Leadership Network (ALN) is inviting interested applicants to its accelerator program which starts in January 2015. The African Leadership Network is all about developing and promoting African Entrepreneurs through its annual pan-African and regional gatherings which has been aimed to catalyze prosperity in the continent. Hence, the formation of the African Leadership Network Ventures,…
German Internet services juggernaut, United Internet is to become startup incubator Rocket Internet’s latest shareholder, as it has agreed to acquire a 10.7 percent stake for a total of 435 million euros, reports Tech.eu
In this year, we have witnessed a small surge in the crowdfunding space in Africa and Nigeria. The likes of PushandStart and JumpStart Africa have commenced operations and are now welcoming ideas and submissions. Now it seems one more has entered the fray. Funda Solva (Funder Solver) is a funding platform for business startups and creative projects.…
How many times have you had that killer idea but you had to shelve it because of a lack of capital or a money related obstacle?
PayPal, an online payment platform which allows you to make online transactions and is widely used by millions of websites is entering 10 new countries this week, including Nigeria, according to Reuters.
South African media giant, Naspers has now acquired 100% stake in Turkish e-commerce giant, Markafoni in a deal said to be one of the biggest in the Turkish Internet industry. Back in July 2011, Naspers acquired almost two-thirds of the company at a reported $200 million valuation, according to Tech Europe. Markafoni was founded in…
US-based online and mobile social video marketplace, PublicVine founded by Nigerian entrepreneur, Nam Mokwunye, has received “Series A” investment of around $10 million as it plans to commence its global commercial launch in June 2014.
Two of Africa’s most successful seed investment companies, 88mph and L5Lab are teaming up to invest in the best mobile and Internet startups out of Nigeria, TechLoy has learnt.
One of Africa’s leading mobile social marketplaces, MoboFree has raised a significant undisclosed growth funding from Netherlands-based eVentures Africa Fund (eVA Fund), with participation from Million Monkeys, a seed investment company based in the Netherlands. MoboFree’s co-founder and CEO, Neringa Kudarauskiene says the recent funding would help the company expand its local presence in Lagos and Accra,…
In a bid to empower the next generation of developers and entrepreneurs in the continent, Microsoft has awarded five African start-ups across Kenya, Uganda and Nigeria with innovation grants, through its 4Afrika initiative launched last year.
Lagos has been chosen to host about 100 investors and entrepreneurs from within and outside Africa at the inaugural Angel Fair West Africa come March 30th & 31st, where entrepreneurs would meet investors in order to ‘do deals’.
Tourbly, a MEST-backed startup that connects tourists with friendly and reliable tour guides in hundreds of tourist destinations worldwide, has emerged one of the regional winners of the 2013 Google Cloud Developer Challenge.
San Francisco-based Heirs Holdings, the pan-African proprietary investment company founded by former United Bank for Africa Group CEO, Tony Elumelu, has announced an undisclosed investment in US start-up Planet Labs.
SOLO, a new mobile phone brand that brings local digital content like music, movies and games to your palm has secured its “Series A” funding round from Adlevo Capital and Kuramo Capital.
The discussions and conversations that follow this meeting could lead to impactful growth within the African technology ecosystem.
It is no longer news that Africa’s technology sector which has been overlooked for years is gradually gaining a lot of interest and attention from foreign investors and the global technology media.
You may have heard the unconfirmed report that Konga reportedly raised $25 million additional round of funding from its partners — Sweden’s Kinnevik and South Africa’s Naspers.
Just about a year since it raised $10 million in Series B and Series C funding from US-based Tiger Global and Sweden-based Kinnevik, iROKOtv, the world’s largest distributor of African movie content online has secured an additional round of $8 million.
When two of Africa’s leading players in the classified ads space teamed up last year to build what has now become the largest online classifieds entity in the continent, it was only time before it got attention from global investors and international media. Today, SEEK, the largest jobs site in Australia announced that it has…
Silvertree Capital, a South African-based company builder and venture capital investor focused on the African market has announced it has made an undisclosed investment into two of Nigeria’s leading e-commerce sites, Sunlasses.com.ng and Glamour.com.ng