Tag Archives: funding
funding: Latest News
Peter Pedroncelli, 5:15 am AFKI Original
The Seedstars Dakar Competition served as the Senegalese leg of the global early-stage startups competition for emerging markets. The competition took place at the end of September, with 9 of the best startups aiming to be the representative from Senegal for the global final event next year, with more African countries taking part than ever before. Seedstars World holds these events in over 65 countries before winners are selected to take part in a grand final.
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.
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.
Peter Pedroncelli, 5:06 am
South African mobile security solutions company, Entersekt, have concluded a deal that will see multi-million dollar investments made to fund the continued international expansion of the firm. The Stellenbosch-based company will be backed by investors Rand Merchant Investment Holdings (RMI) and Nedbank Private Equity (NPE). The two investors acquired minority shares in Entersekt for an undisclosed amount, with the mobile security solutions firm describing the investment as a multi-million dollar agreement.
Peter Pedroncelli, 5:36 am
The World Bank Group has committed to supporting the growth of Africa’s digital economy with the launch of XL Africa, a business acceleration initiative that will provide a raft of benefits for the 20 most promising startups in sub-Saharan Africa over the next five months. African digital entrepreneurs will have an opportunity to be mentored by various global specialists, increase their visibility on the continent and receive access to corporate partners and investors.
Peter Pedroncelli, 11:22 am AFKI Original
The idea of funding a venture by raising money through many small contributions on the internet strikes a chord among Africans. It’s ubuntu at its finest. When Media 24 closed Ideas magazine in South Africa in 2016, former editor Terena le Roux took it upon herself to resurrect the publication. Thanks to support on social media, she launched a crowdfunding campaign via Thundafund. The money continues to come in, and she was able to relaunch the magazine.
Dana Sanchez, 6:42 pm AFKI Original
Large numbers of Chinese migrants have followed the money to Africa, but no one really knows how many — not even close. Estimates range from 250,000 to 2 million. Experts say informed guesses are anything from speculative to “very problematic.” It’s a problem because inaccurate claims about the Chinese migrant population can contribute to xenophobic election rhetoric and violence, says a migration researcher. In many countries, statistics on migration are incomplete, out of date or nonexistent. “Statistics are political,” a stakeholder said. The data may be out of date but it’s the only data we’ve got.
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.
Dana Sanchez, 12:12 pm
All the big geopolitical players are refining their transition strategies and post-Mugabe plans. Two transitional bailout plans — one from Western backers and another from China — are being refined in anticipation of the post-Mugabe era. The Western package underwrites Vice President Emmerson Mnangagwa’s ascendancy while the Chinese deal is largely designed to shore up First Lady Grace Mugabe and her Zanu PF faction’s political ambitions, according to local Zimbabwean media.
Dana Sanchez, 11:50 am
Israel is home to 130,000 Israeli citizens and their descendants who immigrated from Ethiopia. Money was never an issue when it came to helping Ethiopian Jews immigrate to Israel — until now. The Israeli Law of Return stipulates that all Jews can get citizenship in Israel. But with all the Ethiopian Jews supposedly already in Israel, paying for 9,000 more is turning out to be a tough sell. The speaking tour is meant to mobilize the American Jewish community to pressure Israel from the diaspora. The idea is to emphasize that “welcoming exiles is a Jewish issue rather than an Israeli issue,” a U.S. stakeholder said.
- Real Estate