Tag Archives: startups

startups: Latest News

  • African Tech Hubs Struggle for Sustainability While Revolutionizing Startup Culture

    digital startups 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

    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.

  • Why African Banks Are Partnering With Fintech Startup Entrepreneurs

    fintech startup entrepreneurs By Tom Jackson, 12:36 pm AFKI Original

    Across Africa, banks are choosing to work with startups rather than compete against them. Citibank has run mobile challenges in Nairobi, Standard Bank has incubators in South Africa, and Barclays has just selected its second cohort in its Cape Town-based accelerator. Fintech startups are reimagining the concept, delivery and consumption of financial services in ways banks have been unable. However, such companies lack the financial clout and access to customers to ensure mass uptake of their solutions. Banks can offer them this.

  • 12 Things That Need To Be Addressed To Help Struggling African Tech Startups

    African Tech Start-Ups By Peter Pedroncelli, 5:40 am AFKI Original

    Africa is the new tech frontier, with a great deal of potential and passion for technology that should translate into the right environment to nurture and grow successful African tech startups, but obstacles and struggles remain. These issues scupper the necessary investment and growth that these startups require so that they can become sustainable and successful on a continental and global scale. We take a look at 12 things that need to be addressed in order to help struggling African tech startups.

  • French-African Fund Targets Startups, Claims To Be First ‘Cross-Border’ Fund

    French African fund By Staff, 1:00 am

    An investment fund that describes itself as “the first cross-border fund between Africa and France” wants to help French companies expand in Africa and African companies expand into France and other E.U. markets. Investments will be in the form of equity participation, generally through minority stakes. The fund’s capital will targeted towards African startups displaying a high growth potential. Investors include Orange, Bpifrance, Société Générale and Proparco.

  • South Africa Launches New Business Angel Network. Here’s Why You Should Care

    By Dana Sanchez, 11:41 am

    Youth unemployment, especially in failing states, is one of the causes of extremism. Firms less than 5 years old have for decades accounted for nearly all net job creation in the U.S. In less mature economies, entrepreneurs are just as critical for job creation, economists say. Entrepreneurship promotes peace. “We have to give people something to live for, instead of the guys that pitch them something to die for,” said Egyptian-American investor Ahmed El Alfi. Is the U.S. doing enough to promote entrepreneurship in its African foreign policy?

  • 12 Startups Making Waves In Africa’s Off-Grid Electricity Market

    By Lillian Mutiso, 6:07 am AFKI Original

    About 585 million people across Sub-Saharan Africa lack access to electricity. This is 48 percent of the global population that is not connected to electricity. This has created the need to have alternative energy models that are affordable to the African population. Several off-grid electricity startups are making strides in the provision of clean energy.

  • 30 Startup Finalists To Pitch To Angel Investors At Demo Africa 2016

    Demo Africa By Dana Sanchez, 12:11 pm

    The following African tech startups are finalists in the upcoming Demo Africa 2016. They stood out among 723 applicants, and they’ll get to introduce themselves and possibly attract investors at the fifth annual Demo Africa, planned in Johannesburg. Banking and fintech had the highest number of entries followed by media, e-commerce and education. Venture capitalists, angel investors, investment fund managers, tech buyers and media are expected from around the world.

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