Nas Pockets $340 Million After Viacom Makes a Huge Deal With His Pluto TV Streaming Service

On Wednesday, Jan. 2, Nas posted a photo of himself posing with Jay-Z and Sean “Diddy” Combs and wrote that he wanted to be in their financial neck of the woods. “What better than two billionaires?” he asked, quoting Jay’s line from the song “Family Feud.” “Three, ‘specially if the third one gonna be me.” Instagram Well, Mr. Jones may be well […]

[Kenya] Victoria Commercial Bank targets tech savvy corporate clients with new solution

Victoria Commercial Bank (VCB), Kenya has gone live with an Appzillon-based omni-channel corporate banking solution to cater to the ever dynamic needs of their tech savvy corporate clients. VCB selected i-exceed over several other vendors due to its proven expertise in delivering digital banking solutions globally and strong technical capabilities. The application will be made […]

[Column] Dominique Collett: South African fintech in 2019 – what can we expect?

Here are my fintech predictions for 2019 based on what we are seeing with our members at AlphaCode which closely track international trends in this space. AlphaCode is the Rand Merchant Investments  (RMI) incubation, acceleration and investment initiative that identifies, partners and grows early stage financial service ventures.  Digital banks  The introduction of TymeBank, BankZero […]

African Innovators Shine during Zayed Sustainability Prize’s 2019 Awards Ceremony

African innovators excelled at this year’s Zayed Sustainability Prize annual awards ceremony on January 14 2019, winning in three out of five categories including Energy, Food and Global High Schools. The 2019 Zayed Sustainability Prize, which is the UAE’s pioneering global award in sustainability, honoured leaders whose work and spirit of enterprise has resulted in […]

Pesapal onboards Airline payments for low cost carriers in Kenya

Pesapal has this year started processing payments for low-cost carriers in Kenya. Jetways Airlines, Silverstone Air and Skyward Express will from now on use Pesapal’s integrated payment system to process Mpesa, Visa, mVisa, MasterCard and American Express payments on their respective websites. This not only gives travellers the freedom to pay conveniently for their flights but also makes it […]

[Nigeria] CDC announces new investment to support high-growth SMEs

CDC, the UK’s development finance institution, has announced a new investment designed to support high-growth SMEs in Nigeria. CDC has made a US$15 million commitment to CardinalStone Capital Advisors Growth Fund (“CCA”). CCA is a first-time, Nigeria-focused fund that targets SMEs across six sectors: agriculture, industrials, FMCG, healthcare, education and financial services. CCA will use […]

[Kenya] Andela Secures $100M Series D to build distributed engineering teams and power the future of work

Andela, the company building distributed engineering teams with Africa’s top software developers, today announced the completion of a $100M Series D funding. The round was led by Generation Investment Management with participation from existing investors including Chan Zuckerberg Initiative, GV, Spark Capital, and CRE Venture Capital. The most recent financing brings Andela’s total venture funding […]

[Column] Ian Fogg: Understanding mobile experience in the growth continent of Africa

Across Africa, the download speeds experienced by smartphone users vary greatly, even for countries with similar 4G availability. While users in South Africa, Morocco, Senegal and Kenya connect to 4G signals on average between 72% and 75% of the time, download speeds vary from just 4.4 Mbps in Senegal to 14.4 Mbps in South Africa. […]

Piggybank.ng Secures $1.1M Seed Funding

Founded in 2016 by Somto Ifezue, Odunayo Eweniyi and Joshua Chibueze, graduates of Covenant University, Nigeria, Piggybank.ng is positioned to fill a void for tens of millions of Nigerians, who have no access to credit, in a country where up to two years’ rent is often required upfront to secure a home. Targeting low-middle income savers in Nigeria, of which there are 26.5M with a market size of $2.2Bn, the fintech start-up is an automated savings platform where savers manage their finances by depositing small amounts of money [starting from as little as USD$1/day] on a daily, weekly or monthly basis, depending on their saving target, free of charge. Savers can expect to earn on average 6% per annum on automated savings or 10.95% per annum on the fixed deposit product, Safelock and can withdraw funds once per quarter. Piggybank.ng generates its revenues through asset management, which currently stands at 5 – 7%.  

Watch: eCommerce MoneyAfrica Confex panel discussion on industry, fintech

The eCommerce MoneyAfrica Confex conference that took place recently in Cape Town was filled with many talks and discussions around e-commerce and fintech solutions in Africa. Most notably was the panel discussion on the first day, which consisted of CEO of Zando SA, Sascha Breuss; CEO at ZoobaShop, Albert Biga; MD MENA of Criteo, Dirk Henke and […]

Top startup events in South Africa, Africa you should know about this week [14/05/2018]

Looking to get into the South African startup scene or brush up on some of your skills? Well, you’ve come to the right place. This article is part of a weekly series that highlights all the top startup competitions, networking sessions, workshops and conferences around South Africa, and the greater region. If you have any event […]

Applications open for Visa Everywhere in Africa

Applications have opened for Visa’s innovation programme and competition Visa Everywhere for the first time in Sub-Saharan Africa. Visa’s Everywhere Initiative awards up to US$50,000 – a US$25,000 prize and potentially up to US$25,000 in pilot funding – plus the potential opportunity to work with Visa to companies that can help solve any of three challenges. […]

Egyptian startup La Reina raises $1m from Algebra Ventures, 500 Startups

Egyptian startup La Reina — an online platform for rental couture — has closed a $1-million deal in a Series A funding round led by Egypt’s largest venture capital (VC) fund, Algebra Ventures, with participation from the global VC fund 500 Startups. The announcement was made in a press release today. Founded in 2016 by Ghada El-Tanawy and Amr Diab, La […]

Amazon Launches ‘Internet,’ A Light Web Browser Designed For Android Users In India

In its effort to capitalise on the huge market potential in India, Amazon has launched ‘Internet,’ a light-weight mobile web browser for Android phones.  India is the country with the second-largest group of internet users in the world, and tech companies are working hard to find ways to reach those users with their apps and […]

SA to develop best practices for incubators

The Southern African Business and Technology Incubation Association (SABTIA) has been mandated by South Africa’s Department of Small Business Development to develop best practices within the region’s incubator community and create a supportive entrepreneurial ecosystem for incubation in both the formal and informal sectors. SABTIA is an independent association formed to promote and coordinate business incubation […]

Norway-based global impact accelerator looking for African startups

Startups from across Africa are now invited to apply for round three of Katapult Accelerator in Oslo, Norway. To be selected, the startups must be early-stage and use exponential technology like blockchain or AI to solve a social or environmental challenge. “The Katapult Accelerator is the world’s first global for-profit accelerator focusing solely on impact and exponential technology. 200 […]

Seeking scale: why your fintech startup should seek bank partnerships

African banks are increasingly keen on working with fintech startups, even if we are unlikely to see many acquisitions. Yet what benefits are there for startups in such arrangements? Simply put, the answer is scale, with banks able to provide the infrastructure, capital and access to markets even the most innovative fintech startups lack. For Camilla Swart, […]

mSurvey raises $3.5m from TLcom Capital-led Series A round, eyes SA market

Nairobi-based mobile survey platform mSurvey has announced that it raised $3.5-million in Series A round led by venture capital firm TLcom Capital. mSurvey CEO Kenfield Griffith told Ventureburn the round was concluded in Q1 this year. Other investors who participated in the round include Net Promoter Score (NPS) co-founder Richard Owen, Golden Palm, Kapor Capital and Social Capital. mSurvey intends to use […]

African bluechips need to start corporate venture arms to invigorate startup funding

An increasing number of African companies are competing in the global arena. Riding on the wave of growth that has buoyed African markets over the past two decades, companies such as MTN, SABMiller, and Dangote Group have all expanded outside of Africa making flagship acquisitions from China to Poland. The Dangote Group has grown rapidly […]

Seedstars winner AgroCenta secures third of $750 000 funding from US investor

Fresh off being named 2018 Seedstars Global winner, Ghanaian agritech startup AgroCenta is hoping to raise $750 000 in funding in a new seed round and has raised about a third of this from a US investor, the startup’s co-founder Michael Ocansey said. Ocansey was speaking to Ventureburn last Thursday (12 April) at the Seedstars Summit in Lausanne, Switzerland, where […]

IBM Research’s shift from Indian back-office to frontline innovation hub

In the early 1990s, IBM, one of the world’s largest technology companies, launched its research arm in India just to provide back-end support to its global business. Two decades on, IBM Research is at the heart of innovation that the New York-based firm is working on. At its offices in Bengaluru and New Delhi, IBM […]

THE WORLD’S FIRST CONSCIOUS TECH SUMMIT, VESTED, TAKES OFF IN EGYPT THIS MAY

From 3D-printed bionic limbs to drones delivering vaccines in Africa, the first Vested Summit promises to gather some of the world’s most avid change makers to hack their way to world domination. Four and a half years ago, Salma El-Hariry was in Silicon Valley watching startups like Airbnb and Uber grow into what they are […]

Zambia’s BongoHive opens applications for Entrepreneurship Bootcamp

Zambian innovation hub BongoHive has opened applications for its Entrepreneurship Bootcamp, which provides entrepreneurs to turn their ideas in the retail and e-commerce sectors into businesses. The Bootcamp is an intense three-week programme that gives entrepreneurs the basic skills they need to launch their businesses, showing them how to refine and prototype ideas while getting a set […]

Why my startup scene is better than yours: Senegal

African tech is booming, but which ecosystem has the most going for it, either for launching a business or making investments? Disrupt Africa has been chatting to stakeholders from various African tech ecosystems to find out what it is that makes them such a good place to operate from. We’ve already heard from ecosystem players […]

Flat6Labs Cairo accepting applications for 11th cycle

The Cairo-based Flat6Labs is now accepting applications for the 11th cycle of its four-month accelerator programme, which offers selected startups access to training, mentorship and EGP300,000 (US$17,000) in seed funding. Flat6Labs, which has headquarters in Cairo, Jeddah and Abu Dhabi, is a regional startup accelerator programme that has invested in more than 50 companies to […]

SA’s Wala in partnership to lend $10m in tokens to farmers

South Africa’s Wala, a blockchain-powered financial services platform for the unbanked and underbanked, has entered into a partnership that will loan 100,000,000 of its Dala tokens – the equivalent of US$10 million – to 50,000 smallholder farmers in Uganda to purchase fertiliser. The startup has partnered Block Commodities Limited, a commodity trader operating across Africa, […]

Kenya’s AfricanStockPhoto builds strong active user base

Kenyan startup AfricanStockPhoto has acquired an active user base of 100 photographers across the continent since its launch, helping it grow its imagery database into the thousands. Launched as a side project in 2015 by Dicky Hokie and Sitati Kituyi, AfricanStockPhoto went public in February 2017. The startup raised a US$50,000 pre-seed round in November of last […]

Nigeria’s ChopUp secures worldwide distribution deal

Nigerian gaming startup ChopUp has secured a partnership with US-based mobile game publisher GameMine, for its Africa-themed games to be distributed worldwide. Launched in 2012 in Nigeria, ChopUp is a mobile gaming company developing locally relevant games with an African narrative, with the games allowing users to interact based on in-game achievements. The partnership announced last week […]

Start-up to launch AI-powered e-commerce platform

A Nigerian start-up, SNAPRA, is set to revolutionize the e-commerce ecosystem with the launch of an application that combines the efficiency of Artificial Intelligence (AI), visual-nature of African cultures, youths’ social shopping behaviors and a reward-based system for improved online shopping experience. Set for launch on April 15th, SNAPRA taps from an extensive research on […]

less than an hour delivery services by Senegalese start-up

Bouquets of flowers accompanied by a small note, cakes for surprise birthday parties , these are a few of the services offered by a Senegalese start-up that has set up a delivery application in Senegal. “Paps” is a geolocatable mobile application for francophone Africa launched in 2016 by Bamba Lo. This technology, offers customers the […]

SITA Air Transport Community Foundation Innovation Award 2018 opens applications

The SITA Air Transport Community Foundation, based in the UK, in conjunction with Wits University and the Tshimologong Precinct, has launched an innovation competition to address the question ‘What information, tools or technology will first-time air travelers in Africa need to make their journeys easy, successful and enjoyable?’. The SITA Air Transport Community Foundation Innovation […]

Transportation

  The provision of infrastructure and operations in all modes of transport in Ghana are dominated by the state. Except in the case of road transport, the public sector has been heavily involved in operations in all modes and has monopoly over rail and inland water transport. Road: Road transport is very important to the […]

Top 6 Digital Coins That May Be Worth More Than Bitcoin Some Day

If you’re wondering what all the fuss is about.  Or if you have not heard about Bitcoin or other digital coins in the news or from a friend, it’s time to WAKE UP!  Digital currencies look like they may be the next evolution of how we pay for things, so it may be a good […]

NITA gets new Director-General Ministry of Communications

Mr. David K. Gyewu has been appointed Acting Director-General of the National Information Technology Agency (NITA) with immediate effect. A statement issued by the Ministry of Communications holds that Mr. Gyewu is an experienced business operations strategist and technology specialist with experience at a high and senior level in both the private sector and governmental […]

Global automakers are betting on Africa’s demand for new vehicles

Volkswagen has tapped a scientist to lead its Rwanda operations as the automaker seeks to expand its market in sub-Saharan Africa and wean drivers off second-hand imported cars. The German carmaker appointed Michaella Rugwizangoga on Monday (Mar. 26) to manage Volkswagen Mobility Solutions Rwanda, a $20 million operation that includes an assembly plant, car sharing, and ride-hailing systems. Rugwizangoga, […]

The real story is Politics Not Business Facebook Loses $37 billion in Share Value as The Stock Market Reacts to A Data Sharing Scandal

From the time you had “free” services search engines and free mail, data has always been treated like a commodity that can be paid for. Facebook’s mess could be a taste of the oncoming conflicts between governments and consumers or vice versa as the world moves into an era where data would be as valuable […]

I Just Don’t Like Facebook, Gives Me the Willies: Elon Musk on Deleting SpaceX, Tesla Pages

Well amidst the Facebook data sharing scandal that has already cost Facebook about $37 billion and as the #DeleteFacebook movement also goes on, Elon Musk added pepper to the injury after Facebook pages of SpaceX and Tesla disappeared minutes after Musk responded to a comment on Twitter calling for him to take down the official […]

Zimbabwe’s startups and tech hubs are betting they’ll start to get funding

Despite restricting cyber freedoms and cracking down on social media users, former Zimbabwean president Robert Mugabe’s cash-strapped government had been prepared to play its part in empowering the country’s tech entrepreneurs. In 2017, the national telecoms regulator, Potraz, unveiled a $25 million ICT innovation fund to support innovators and tech startups in Zimbabwe. Entrepreneurs applied to the fund […]

Mark Zuckerberg Started this January 2018 with $4Billion

As at just 10-days into the new year and according to Bloomberg‘s billionaires list, Facebook founder Mark Zucckerberg had already made $4 Billion. The report says, ‘major market indices are up 2% year-to-date, continuing the major stock gains of last year. Among those profiting from the continued stock surge is Facebook CEO Mark Zuckerberg. The […]

Here’s How to Check If Facebook 3rd-Party Apps Have Access to Your Personal Information

In light of the Cambridge Analytica scandal, it’s a good idea to do an audit on your data.   The personal information of as many as 50 million Facebook users may have been obtained by political research firm Cambridge Analytica, according to an expose by The New York Times and The Guardian. Users of Facebook are regularly asked […]

MTN GHANA CONTRIBUTES ¢1.2BN TO GOG TAX NET IN 2017

  Telecoms Giant, MTN Ghana has posted a 68% increase in total taxes paid to Government of Ghana in 2017 as compared to the previous year. The company’s total revenue soared to GH₵3.4 billion in 2017, as against the GH₵2.77 billion revenue recorded in 2016. Speaking at a media forum to present the company’s financial […]

UK PM seeks ‘safe and ethical’ artificial intelligence

The prime minister says she wants the UK to lead the world in deciding how artificial intelligence can be deployed in a safe and ethical manner. In a speech at the World Economic Forum in Davos, Theresa May said a new advisory body, previously announced in the Autumn Budget, will co-ordinate efforts with other countries. In […]

Amazon doesn’t care if you accidentally shoplift from its cashier-less store – The Verge

Amazon Go, the e-commerce giant’s new cashier-less grocery store in downtown Seattle, opened today to a mix of general curiosity and incredulity. How can a store function without cashiers? How do you pay, and how does the business know who’s buying what? Amazon has done a sound job of explaining many of the particulars of […]

Bitcoin is illegal – Bank of Ghana

The Bank of Ghana has announced that trading and using the popular cryptocurrency known as Bitcoin in the country is illegal and not recognized as a legitimate form of currency in the country. The Governor of Ghana’s central bank, Dr Ernest Addison at a media briefing to conclude the Monetary Policy Committee (MPC) annual meetings […]

Report: WhatsApp is testing P2P payments in India, beta rolling out this quarter

Following murmurs from last April about WhatsApp gearing up to allow payments in India, FactorDaily reports that Facebook employees in the country are presently testing the new functionality in the messaging app, and that the company plans to begin testing it with about 1 percent of its user base there within the first quarter of this […]

Google appoints Chief Marketing Officer for Sub-Saharan Africa

Google announced on Monday, 15 January 2018 that it has appointed Mzamo Masito as its Chief Marketing Officer for Sub-Saharan Africa. Masito joins Google from Vodacom, where he held a senior position, he has an MBA from the Gordon Institute of Business Science (GIBS) as well as a post-graduate diploma from UCT. He lectures at […]

Twitter releases its calendar of upcoming measures to combat harassment and abuse

Twitter this afternoon publicly posted its schedule for instituting fixes and changes to longstanding abuse and harassment issues that have plagued the social network for years. The calendar, first disclosed earlier this week in an internal Twitter email obtained by Wired, details nearly two dozen changes stretching from October 27th to January 10th. They focus on a broad range […]

How to Download Your Groove Music Songs Before They Disappear

Yet another music streaming service is falling victim to Spotify. Microsoft’s Groove Music, introduced with Windows 10, combined decent music-playing functionality with an optional streaming plan. But soon, that streaming plan will take an exit and Spotify will replace it.How Groove Music Rivals MusicBee as the Best Desktop Music Player for Windows How Groove Music Rivals MusicBee as the […]

9 Default Mac Apps You Can Replace With Powerful Alternatives

There are a ton of third-party apps with better features than the basics that come with your Mac. That is not to say that you should go out and replace an app if it is working for you. If you find yourself frustrated with missing features, we’ve got a few alternatives you might want to […]

%d bloggers like this: