Tag Archives: startup
startup: Latest News
Tom Jackson, 10:08 am AFKI Original
It was not so long ago that Uber was riding the crest of a wave in Africa, seeing off initial competition from the likes of Snappcab and Zapacab in South Africa, as well as well-funded pan-African competitor Easy Taxi. Yet Uber can now see that the playing field is getting more congested, and its new rivals have more backing than the local clones it had to deal with when it first arrived on African shores.
Tom Jackson, 1:11 am AFKI Original
Technology has not pervaded the legal profession as it has other industries, especially in Africa, where issues with access and affordability remain. There are a small number of African legal-tech startups – backed by international organisations – that are looking to propel that change with the use of technology. From South Africa to Nigeria, the legal profession is in the process of getting a tech boost.
Peter Pedroncelli, 4:33 am
A Kenyan taxi-hailing app called Little Cab is set to take on the Nigerian market from October, moving on to turf currently dominated by more established players in Uber and Taxify. Kenyan tech firm Craft Silicon’s on-demand ride service, which is backed by leading East African mobile operator Safaricom, will launch operations in the Nigerian city of Lagos from October 8.
Silicon Valley Incubator Funds Nigerian-American Startup To Help African Businesses Find Trustworthy PartnersBy Peter Pedroncelli, 4:29 am
Solving one of the most frequently sited problems in Nigerian agribusiness, Nigerian-American startup Releaf facilitates a business-to-business marketplace that enables Nigerian businesses to find customers and partners that they can trust. The startup, which is currently taking part in Y Combinator, has signed up around 1,000 African businesses since its public launch in Nigeria at the start of August.
Peter Pedroncelli, 4:38 am AFKI Original
The Barclays Accelerator Program, powered by small and medium business empowerment organization Techstars, is a startup program of networking, mentoring and development at Rise, Barclays Africa Group’s fintech innovation hub. Selected from a large group of applicants from 50 countries, Barclays will work closely with 10 chosen startups to explore promising new technology-based solutions that can benefit the financial services industry and their customers.
Born In Caribbean, Educated In Boston, Startup In Nairobi: All Roads Led To Africa’s Mobile RevolutionBy Dana Sanchez, 9:15 pm
In the MIT lab, Kenfield Griffith thought he was going to solve the world’s problems. Then he arrived in Kenya and stood in Nairobi’s Kibera slum. “I looked around and said to myself that even if I was Bill Gates, I wouldn’t know what to do,” he said. Griffith put his faith in mobile phones, and prevailed. In 2016, his Nairobi startup, mSurvey, closed its seed funding round led by investments from Safaricom, Silicon Valley’s Cross Culture Ventures, and a Caribbean angels group backed by Richard Branson.
Dana Sanchez, 12:01 am
Tanzania, Rwanda and Malawi have a permissive approach to drone regulations, helping make them attractive places for trials. Madagascar has also tested drones to reduce the time it takes to transport life-saving supplies in areas where roads are impassable or transport infrastructure is nonexistent. How useful are drones for carrying out human welfare tasks? The work is still too new and the data too thin to know. One study said humanitarian cargoes are often much heavier than a drone can handle.
Dana Sanchez, 8:34 am
Paystack, one of Nigeria’s most hotly anticipated tech start-ups, has secured $1.3M seed funding from investors including Tencent and Comcast Ventures. China’s Tencent is 46% owned by South African media company Naspers. Comcast is the largest broadcasting and cable TV company in the world. Donald Trump said he intends to keep business ties to Comcast, staying on as executive producer for the spin-off of Comcast affiliate NBC’s “Celebrity Apprentice” series.
Ann Brown, 5:02 pm AFKI Original
Startups are daunting. It’s an uphill battle finding funding, convincing others to believe in your dream, and taking it from idea to reality. A partnership between Tiphub, an Africa-focused accelerator, and the U.S. Chamber of Commerce, hopes to give African entrepreneurial dreamers in the diaspora a helping hand. You may qualify if your company is in Africa, focused on Africa or has a founder from Africa, the African diaspora or of African descent. The application deadline is Aug. 31. Here’s the best part. Participants will be able to pitch their idea to potential angel investors, venture capital and impact investors.
Ann Brown, 9:53 am AFKI Original
Finding suitable accommodation in Ghana can be difficult. The founders of online platform meQasa claim to make it easier, acting as a sort of go-between for prospective tenants and buyers with owners and sellers. They won the confidence of some deep pockets. The Meltwater school invested $90,000 in the startup. Soon after, classifieds-focused Frontier Digital Ventures invested $500,000 in meQasa.
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