Zimbabwean Businessman Adam Molai has launched a US$1 million venture capital fund called JUA Kickstarter aimed at supporting African entrepreneurs.
Wellnescript has launched an online platform where companies can buy access for their staff to receive wellness courses on mental, physical health & more
Phenomenon Technologies has announced a partnership with UK-based MEL Science to provide applied science learning kits in Zimbabwe and Africa
South African solar startup Sun Exchange has begun its expansion into Africa in Zimbabwe with a proposed 1.9MW solar installation for Marondera based Nhimbe Fresh.
Virtual263 is a Zimbabwean startup that is mapping out and creating virtual tours of a variety of locations.
Tazine Eats, a new entry in Zimbabwe’s food delivery industry.
Venture Capital 4 Africa (VC4A) and ABAN are eager to announce the 7th and virtual edition of the Africa Early Stage Investor Summit (#AESIS2020). The Summit will take place on 3 & 4 November online. With a number of record-level deals making the headlines over the last year, Africa’s startup industry is ripe for investment. VC4A and […]
We last wrote about the Growth Enterprise Market (GEM) back in March. At the time, FINSEC was formulating a draft framework for the online platform designed for SMEs looking to raise capital. GEM then underwent a pilot phase in January which resulted in fine tuning of the GEM Portal platform based on feedback from targeted […]
Stripe, the US-based payments and software company has acquired Nigerian Startup Paystack for a fee that is reported to be in excess of US$200 million. Background Paystack is a Nigerian startup that offers offline and online API based payment services. The company currently has around 60 000 customers covering small businesses, fintech, education institutions, and […]
We’ve written about the Southern Africa Startup Awards on a number of occasions now. Southern Africa Start-up Awards is part of the Global Start-up Awards, providing an annual spotlight for entrepreneurs. The showcase celebrates amazing ideas and the best talents from 7 regions, 50+ countries across the globe to showcase entrepreneurial spirit and start-ups. The […]
Space-Tech Challenge 2020 applications are now open. The challenge is looking to identify and develop innovators, entrepreneurs and early-stage businesses in the space-tech sector across Africa. Space Technology is a broad industry that involves infrastructure and software that is used for earth observation and space exploration. The earth observation aspect of space-tech has blossomed over […]
South African fintech company Ozow (formerly known as i-Pay) has launched two payments apps. One payment solution is a progressive web app that won’t require data and the other is an application that simplifies bank transfers. In what the company is calling the Ozow Revolution, they seek to make digital payments available to every South […]
Conferences, events and seminars have been adversely affected by the coronavirus pandemic. This, however, hasn’t meant that event planners have been deterred. The show must go on as they say, and we have witnessed a number of events going virtual. This is no different for Afrolynk 2020. What is Afrolynk? There may be some of […]
We are living in unprecedented times. The coronavirus pandemic has brought on new problems as well as magnified existing ones in Africa. There are individuals and collectives out there working on some of these solutions but it is tough for entrepreneurs to get funding. This is where Digital Financial Services (DFS) Lab comes in. DFS […]
Facebook recently posted an invite for African e-commerce startups to apply for their accelerator program. The 12-week long non-equity program focuses on networking, training, and mentorship for entrepreneurs. “In this critical time, Facebook is doubling down on commerce and accelerating its work to enable every business to sell online and help people gain inspiration, discover […]
StartupCircles.AI is an online accelerator and startup school targeting entrepreneurs with the following problems; You feel it’s time to start your own business but you don’t know where to begin; You want to pitch investors and are not sure how to go about it; You’ve spent a lot of money and time on a solution […]
Zimbabwe’s MoneyMart Finance are among 50 finalists in Jack Ma’s “Africa’s Business Heroes” initiative
Africa’s Business Heroes (ABH), is a competition set up by Alibaba Group co-founder Jack Ma under his African Netpreneur Prize Initiative (ANPI). ABH wants to identify entrepreneurs making an impact in their communities and to build an inclusive economy for the future. The 2020 edition had 22 000 applicants from twenty-one countries, half of the […]
VC4A is calling for African startups looking to raise between $150K and $1M. In collaboration with technical partner AWS Activate, and network partners AfriLabs and ABAN, VC4A will be hosting the exclusive Venture Showcase – Seed in November as part of a virtual gathering of Africa-focused early-stage investors. Via this campaign VC4A will select 10 innovative […]
Innovation. Disruption. Original. These are some of the buzzwords in the entrepreneurship arena that every player wishes to be associated with. There have been several new ideas that came in and shook up their respective industries from Apple with the first most adopted graphical user interface computer to Uber destroying the taxi industry in several […]
Seedstars is back again for the 5th time – but this time there will be a twist. Everything is being done virtually and for that we have COVID-19 to thank. From June to November each year, the Seedstars team looks for the most promising early-stage startups from 90+ emerging markets that will receive intensive training […]
FasterCapital (an incubator based in Dubai, UAE) is launched its yearly women round on 16th, Jun, 2020. The last women rounds of funding attracted more than 200 submissions from 50 different countries. This funding round is open to startups that have one woman co-founder. You can apply regardless of the stage of the startup. For […]
AVCA: “Enabling private investment in Africa”, a report on Venture Capital and Private Equity investment in Africa
The African Private Equity and Venture Capital Association (AVCA) recently published a report titled Venture Capital in Africa: Mapping Africa’s start-up investment landscape. So before we get into the report lets do some background Who are AVCA? The African Private Equity and Venture Capital Association is a Pan-African body that promotes and enables private investment […]
Security slip up at South African medical startup LogBox may have exposed users’ medical information
LogBox is a South African medical startup that allows patients to store and share their medical information with medical practitioners. The model of the business is to be a digital intermediary, eliminating the need for patients to fill out physical medical forms. The application is also used by academic institutions as an electronic portfolio and […]
[Image Source: HiiL] Hague Institute for Innovation of Law (HiiL) is back with the Innovating Justice Challenge 2020. The competition is open to entrepreneurs and startups from Africa, the Middle East and Ukraine. The Innovating Justice Challenge has been held annually since 2011 and has helped over 110 startups since its inception. What should you […]
Mipango Fintech from Tanzania has launched a free personal finance app for Android and iOS. The app is in Swahili and aims to help Tanzanians manage their personal finances. “Financial literacy is a key gap in the growth and development of this market. Over 50% of Tanzanian adults do not keep track of their expenditures […]
It’s a normal day for an Econet subscriber, you get ten plus promotional text messages about the fifty services under the Econet/Cassava umbrella. Just like how the text messages from Econet are an annoyance, we will now proceed to list each and every one here (not to annoy you of course): we have two from […]
In a report by Disrupt Africa, the number of e-health startups has grown by 56.5% over the last 3 years with 180 startups currently in operation. The sector has also seen a boom in investment with e-health startups raising a reported US$90 million this year. The figure raised in the first half of this year […]
Ingressive capital is a venture capital (VC) group that offers pre-seed and seed funding to startups in business-to-business, business-to-consumer, internet and fintech spaces. Ingressive Capital through new investment from Nigeria Sovereign Investment Authority, Plexo Capital, Platform Capital, other institutional capital and backers have been able to expand their fund to US$10 million. The group’s investments […]
Coca-Cola Africa has partnered with Disrupt Africa to launch the Tracking Revolution Challenge. All of this came about because Coca-Cola Africa can’t track its product beyond conventional retailers. Supermarkets and wholesalers can easily provide them with statistics on how they products are doing. The majority of their non-alcoholic beverages are sold through informal channels. There […]
Kuda Musasiwa was fuming recently on Twitter that people were blatantly ripping off his business, Fresh In A Box. The legality of that matter paled once it turned out that Fresh In A Box is actually a total rip-off of another family business started in the United Kingdom. The man ripped it all off, name […]