Tag Archives: startups

startups: Latest News

  • 10 Tech Startup Finalists In The Seedstars Lagos Competition

    Medsaf won the 2017 Seedstars Lagos competition. Photo - VC4A By Peter Pedroncelli, 3:49 am AFKI Original

    The Seedstars Lagos Competition served as the Nigerian leg of the global early-stage startups competition for emerging markets took place at the end of August, with 10 of the best startups vying to be the representative from Nigeria for the global final event next year. Here are the 10 tech startup finalists that were in consideration for the Seedstars Lagos Competition.

  • 10 Of The 20 Startups Selected For The World Bank’s XL Africa Accelerator

    XL Africa By Peter Pedroncelli, 6:38 pm AFKI Original

    The World Bank Group is committed to supporting the growth of Africa’s digital economy through XL Africa, a business acceleration initiative that is providing a raft of benefits for the 20 most promising startups in sub-Saharan Africa. These African digital entrepreneurs have an opportunity to be mentored by various global specialists, increase their visibility on the continent and receive access to corporate partners and investors.

  • Somalia Launching Its First Innovation Tech Hub In Mogadishu

    Somalia's first ever innovation tech hub, iRise, will launch in September. Photo - Techcabal By Peter Pedroncelli, 7:37 am

    Somalia’s first innovation tech hub is set to open in Mogadishu this September, supporting the growth of tech startups in the country. The tech hub based in the country’s capital will be called iRise Hub, and will provide a co-working space, as well as research, incubation, and acceleration services for new startups. While connecting, collaborating and sharing ideas, Somali entrepreneurs at iRise Hub will aim to further develop the tech sector in the country.

  • Google’s Emerging Markets Startup Accelerator Expands To More African Countries

    Google CEO Sundar Pichai announced the availability of YouTube Go for Nigerians during his visit to the country. Photo - TechDemi By Peter Pedroncelli, 6:02 am

    Google’s emerging markets startup accelerator, Launchpad, has expanded to seven additional African countries from the original three eligible for the program since May of this year. This means that growth stage startups in Algeria, Egypt, Ghana, Morocco, Tanzania, Tunisia, and Uganda can now apply to be part of the accelerator program. Previously the only three African countries considered for applications were South Africa, Kenya and Nigeria.

  • University Of Cape Town Becomes The First African College To Offer Fintech Degree

    Fintech Degree By Peter Pedroncelli, 7:22 am

    The University of Cape Town in South Africa has become the first tertiary education institution in Africa to offer a specialized fintech degree, which will be available through the university from January 2018. The degree has been designed to provide students with the necessary skills and practical knowledge to acquire or further a career within the modern financial services sector, which is currently experiencing unprecedented growth.

  • Barclays Accelerator Supporting Fintech Startups That Solve African Problems

    Fintech startups - Announcing the Barclays Accelerator, Powered by Techstars Cape Town Class of 2017. Photo - Techstars By Peter Pedroncelli, 8:56 am

    In its second year, the Barclays Accelerator is dedicating resources and efforts towards backing fintech startups that are attempting to solve financial and banking issues within the African context. The Barclays Accelerator, powered by small and medium business empowerment organization Techstars, is a startup program of networking, mentoring and development, aimed at supporting breakthrough financial technology innovations that are focused on Africa.

  • African Tech Hubs Struggle for Sustainability While Revolutionizing Startup Culture

    digital startups - African tech hubs By Tom Jackson, 8:41 am AFKI Original

    African tech hubs play a crucial role in the business development of tech startups, but many of them are struggling for sustainability. Hubs must understand the local ecosystem within which they operate, as well as the needs of their customer startups, keeping in mind that there is no one-size-fits-all approach that works perfectly for all tech hubs on the African continent.

  • African Fintech Startups Have Secured $92M In Investment Since 2015

    African fintech startups are thriving throughout the continent. Photo: Mastercard By Peter Pedroncelli, 5:32 am

    African fintech startups continue to be an example to similar entities in other sectors, attracting substantial investment while disrupting the financial services market on the continent. The innovative solutions that fintech enterprises are producing have attracted the attention of banks and investors, in the hope that these financial disruptors become the next PayPal or similar concept in Africa. The last two years have seen a sharp increase in the number of businesses created in this sector, with 301 African fintech startups identified across 20 countries on the continent.

  • French Telecoms Giant Launches $56M African Startup Investment Program

    african startup investment By Peter Pedroncelli, 5:47 am

    French telecommunications operator Orange have announced the launch of an African startup investment initiative that will support innovative startups across the continent. Orange has earmarked $56 million for investment, with half of it set to be invested indirectly through funds that specialize in the digital sector. The other half of the funds will go towards the creation of a new initiative, called Orange Digital Ventures Africa, which will invest directly in African startups within a number of industries including logistics, e-commerce, transport, energy, fintech, and e-health businesses.

  • What It’s Like For Startups To Partner With Mobile Operators In Emerging Markets

    Agritech challenge - Entrepreneurs use digital technology to increase farm productivity By Tom Jackson, 3:26 pm AFKI Original

    Startups innovate much faster than mobile operators but they lack the wide reach — and customers — that more established companies have. Mobile operators and startups in emerging markets should work together because collaboration could be mutually beneficial, according to a new GSMA report — “Opening Doors: A Start-Up’s Guide to Working With Mobile Operators in Emerging Markets.” Some mobile operators are openly listing their API documentation and integration processes, and are willing to listen to startup founders.

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