Tag Archives: tech startups

tech startups: Latest News

  • Cameroon Set For First Taste Of Seedstars World Tech Startup Competition

    tech startup competition - Seedstars World is in Duoala for the Cameroon leg of the global tech startups competition. Photo - Ventureburn By Peter Pedroncelli, 8:51 am

    A total of 11 Cameroonian tech startups have been selected to take part in the country’s local Seedstars World competition on September 29, with the winner of the early-stage startup contest in Douala earning the right to pitch to investors at a final in Switzerland next year. The global tech startup competition will be the first-ever Seedstars event in Cameroon, with the 11 startups who were announced this week pitching to a panel of judges.

  • 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.

  • 12 South African Women Who Are Influencing Tech

    Influencing tech - Rapelang Rabana is the founder of Rekindle Learning. Photo - Lionesses of Africa By Peter Pedroncelli, 10:43 am AFKI Original

    Women have always been important role-players within tech in South Africa, and now more than ever, there are numerous women who are influencing tech in positive ways. While gender diversity in the tech sector remains challenging, some women stand out as excellent role models who are making their mark on a male-dominated industry. From startup executives to tech savvy philanthropists, these women show what a passion for tech and strong leadership qualities can produce in the South African context.

  • Opinion: South Africa’s Tech Startups Can Ride Out Junk Ratings Status

    By Tom Jackson, 1:00 am AFKI Original

    South African startups were the most popular in Africa for investment in 2016, with Cape Town and Johannesburg establishing themselves as hubs. Junk status could have a serious impact on this. Michael Jordaan, former CEO of South Africa’s First National Bank, is now an investor in innovative tech startups. The ratings downgrade is bad news for the economy as a whole but startups will be less affected than larger firms, he told AFKInsider. “Startups need to dominate a niche at first and in this sense the macro economy is a very small factor,” he said. “Startups should take comfort that they will survive and thrive if they keep their customers happy.”

  • For Tech Startups, Rwanda Is Becoming The Test Kitchen Of Africa

    Rwanda is becoming the test kitchen of Africa By Tom Jackson, 10:06 am AFKI Original

    Vancouver tech innovator Barrett Nash was drawn to Rwanda for its repuation as an easy place to start a tech business. Rwanda issues entrepreneur visas to foreigners. It’s a lab-like environment where innovations can be cooked up and then brought to other African markets, Nash said. “Many startups try to conquer a market before they’ve mastered a product. A startup needs to grow into markets like Lagos and Nairobi, but getting the product right first is more important. Rwanda has created a continent-leading platform for taking this first pivotal step.”

  • Importing African Innovation To Silicon Valley: 5 DEMO Africa Startups Compete On Their Own Terms

    African Tech Start-Ups By Dana Sanchez, 11:27 am

    Five winning African tech startups are in Silicon Valley competing with others from around the world and hopefully attracting venture capital. A lot of them are self-taught and lack formal training in venture creation and digital entrepreneurship, an event manager said. “They have built companies on binary codes and learned new skills through the mobile internet. If a Silicon Valley technology event is live streamed across the world, there are African entrepreneurs huddled somewhere, watching it and consuming every panel, consuming every fireside chat, taking notes, and then applying those notes to their local context.”

  • African Fintech Startups Received Most Investment Funding Of All Sectors In 2016

    African fintech startups By Dana Sanchez, 1:55 pm

    The African tech space is not immune to the economic pressures faced by other sectors, but it is proving resilient. Significantly more African tech startups raised funding in 2016 than the previous year, but the overall amount of recorded funds declined, according to a new report. Fintech startups were the winning sector, receiving the most investor funding in Africa in 2016. The economic downturn played a part in that. Fintech in Africa is different, a stakeholder said. It’s building new infrastructure rather than disrupting an existing one.

  • Investors Turn To Tech Startups In Africa As Commodities Slump Bites

    digital startups - African tech hubs By Kevin Mwanza, 8:15 am

    Investors have turned to tech startups across Africa in a shift from the traditional sectors such as mining due to ongoing economic slump in most African economies, occasioned by the global fall in commodity prices. The startups have given investors a reprieve in the wake of a commodity prices slump that has hit currencies in large economies like Nigeria and South Africa and led to a significant reduction in production in the mining sector in Zambia.

  • 7 Universities Backing African Tech Startups

    African Tech Startups By Tom Jackson, 5:14 am

    African universities are increasingly playing a part in encouraging student-led tech startups, in the hope that young people can become job creators. These new initiatives across the continent are replicating successful models from abroad, such as the US knowledge regions of Route 128 – which developed around MIT – and the renowned Silicon Valley, which developed around Stanford University. University incubators and initiatives have can have enormous benefits for a startup

  • Africa’s First Tech Unicorn Gets Another Investor

    tech startups By Kevin Mwanza, 5:31 am

    Africa’s first tech unicorn, e-commerce websites holding company Africa Internet Group (AIG), has received $80 million additional funding from mobile giant Orange in addition to the $326 million it raised last month. AIG, the holding company for Africa’s fast growing online retail startup Jumia with operation in 11 countries, crossed the $1 billion valuation mark in March after it announced that French insurance giant AXA had invested $84 million for an eight percent stake.

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