Tuesday, November 26African Digital Business Magazine

Startups

startups

Fintech, Startups

FSD Africa backs fintech pioneer to build a new platform aimed at increasing access to carbon markets

FSD Africa, the UK Government’s flagship financial sector programme in Africa, is making an initial investment (£650,000) in a highly innovative digital solution connecting carbon credits from small-scale green projects across the global south to international buyers. The investment will deliver funding through the test phase of the solution being developed by Nick Hughes, who led the development of Africa’s revolutionary mobile money service M-PESA. Hughes is co-founder of 4R Digital, a green fintech start-up developing financial solutions for a range of business partners committed to climate positive projects in Africa spanning distributed solar energy, electric mobility and nature-based schemes. 4R Digital is building a solution that connects these projects to investors looking to offs...
Fintech, Mauritius News, Startups

Peach Payments expands into Mauritius, serves as key event sponsor at Africa FinTech Festival

Peach Payments is pleased to announce that it has set up an office in Mauritius recently in pursuit of its pan-African expansion strategy. As a FinTech start-up that was set up in South Africa in 2012 and expanded into Kenya in 2018, the company is set to make a significant contribution to the pan-African FinTech landscape as a key event sponsor at the Africa FinTech Festival (AFF) which is being held in a virtual format by the Mauritius Africa FinTech Hub (MAFH) from 13 to 15 October 2021. Peach Payments is a world-class payment gateway offering simple, seamless and secure online payment services which enable businesses to easily accept payments on their websites and mobile apps, integrating with leading e-commerce platforms like WooCommerce, Shopify, Wix and Magento. As the organ...
Kenya News, Main, South Africa News, Startups

Africa: tax implications of digital transformation in the consumer goods and retail sector

By Jana Botha, Tax Consultant, and Prenisha Govender, Associate, Tax Practice, Baker McKenzie Johannesburg The pandemic-fuelled growth of the digital economy and unabated demand for online retail products across Africa have led to extensive disruption in the Consumer Goods and Retail Sector (CG&R) sector. Due to a growth in demand for online retail, CG&R companies in Africa have been rapidly adapting their digital operating models, and multinational e-commerce platforms operating in the region have attracted a record number of new customers. This digital transition, and resultant growth in the e-commerce sector, has tax implications for digital CG&R businesses operating in Africa. The OECD’s Pillar One and Two Multilateral international tax changes currently being implemente...
Events, Startups, Tech

TLcom Announces 3rd Africa Tech Female Founder Summit

Julia Gillard, Former Prime Minister of Australia & Chair of Andela, announced as keynote speaker  TLcom Capital, the Africa-focussed venture capital firm, has officially announced the launch of the 2021 Africa Tech Female Founder Summit, which will be held virtually on Wednesday 13th October 2021. The keynote session is headlined by Julia Gillard, former Prime Minister of Australia and Chair of Andela, who will discuss how founders should think about establishing and working with their boards from early-stage growth to scale. With the event now being held for the third successive year, TLcom has opened applications for female tech founders across Africa and the Diaspora to attend this year’s virtual summit, which also features female C-Suite executives from Africa’s leading tech star...
Startups, Tech

The 5th edition of EMERGING Valley will be held on December 13 and 14, 2021 at the Palais du Pharo in Marseille and online for an unprecedented event with the most influential African Tech stakeholders

The EMERGING Valley international summit, an unmissable annual meeting for African and European Tech stakeholders, is aimed at entrepreneurial ecosystems and organic innovation in Africa, the Mediterranean and Europe. Startups, public decision-makers, large groups, investors, tech hubs, and public and private international institutions from over 70 countries, will come together in Marseille to present the disruptive solutions African tech has to offer, discuss its impact on the world and get ready for the aftermath of the pandemic all the while continuing to strengthen partnership between Africa and Europe. Founded by Samir ABDELKRIM, author of “Startup Lions, at the heart of African Tech”, and placed under the High Patronage of the President of the Republic Emmanuel MACRON in 2018, EMERG...
Startups

The Future Is African: Ten startups prove their place on the world stage

It was all systems go at the inaugural Demo Day for the Telecel Group Africa Startup Initiative Program (ASIP), powered by leading tech accelerator, Startupbootcamp (SBC) AfriTech. For the top ten startups selected from a pool of over 2,200 applications, it represented the culmination of three months of hard work, great effort, and the promise of a bigger future. The first accelerator event of this scale to be held on West African soil, the Telecel Group ASIP Accelerator Program Demo Day took place on 30 September 2021 at the Dhub in Dakar, Senegal - a space commissioned by the General Delegation for the Rapid Entrepreneurship of Women and Youth (DER/FJ) and established by the President of the Republic of Senegal, His Excellency Macky Sall. The ASIP has entered into a partnership with ...
Startups

Sustainable Investment Opportunity for Future-fit African Startups Last chance to enter the Global Startup Awards Africa to qualify for the GIIG Africa Fund

While 2020 was a record year for investment into the African tech startup ecosystem, with more startups raising more money from more investors than ever before[i]- critics and commentators alike have often claimed that Silicon Valley-style investment frameworks are ill-suited to the continent’s diversity and nuanced need for funding. With investment into African startups considered key to the continent’s ability to leapfrog its socioeconomic development, Africa demands a new investment framework. This was the focus of a recent webinar hosted by Global Innovation Initiative Group (GIIG), the Global Startup Awards (GSA) Africa and Loudhailer, titled A New Funding Model for African Innovation. Unpacking the state of investments into African startups and why international investment framew...
South Africa News, Startups

Startup Genome, City of Cape Town, WESGRO and Silicon Cape Publish 2021 Global Startup Ecosystem Report

Cape Town is featured in the world’s preeminent report on advancing startup ecosystems - ranking as the #1 African Ecosystem in Knowledge The 2021 Global Startup Ecosystem Report (GSER) by Startup Genome and the Global Entrepreneurship Network was launched today at London Tech Week. The GSER is the world’s most comprehensive and widely read research on startups with 280 entrepreneurial innovation ecosystems and 3 million startups analyzed. The Report includes a ranking of the leading 140 ecosystems in the world, breakdowns by continent with regional insights, and founder-focused articles from thought leaders and experts around the world. City of Cape Town, WESGRO and Silicon Cape worked closely with Startup Genome to highlight Cape Town’s strengths against ecosystems globally. Cape To...
Senegal News, Startups

Inaugural Telecel ASIP Accelerator Demo Day powered by Startupbootcamp AfriTech to be held in Dakar

All roads lead to Dakar, Senegal this month for the first cohort of the Telecel Group Africa Startup Initiative Program (ASIP) Accelerator Demo Day. After a grueling three months of pivots and business development facilitated by leading tech accelerator, Startupbootcamp Afritech, the Top 11 startups will showcase their work to a live audience on 30 September 2021. Taking place at the Dhub – a space commissioned by the General Delegation for the Rapid Entrepreneurship of Women and Youth (DER/FJ) and established by the President of the Republic of Senegal, His Excellency Mr. Macky Sall – the live demo day will see participating startups demonstrate their pivotal journeys on a global stage and pitch products to interested stakeholders in breakout rooms afterward. The live demo day will als...
Startups

The Annual Investment Meeting Startup Pillar to Empower Startups Globally

The Annual Investment Meeting 2022 will focus on SMEs and Startups by offering funding and financing opportunities and strategies to maximize the growth potential of businesses. The world’s renowned and leading investment platform, The Annual Investment Meeting will be held on 29 – 31 March 2022, under the theme “Investments in Sustainable Innovation for a Thriving Future”, and will provide a powerful platform for SMEs and startups to maximize their potential, expand their network, and grow globally. The Annual Investment Meeting 2022 strives to support all economic sectors by opening numerous doors of opportunities to the world as a dynamic roadmap to recovery as it puts a spotlight on six multi-faceted pillars including Startups. With AIM’s pillars, AIM 2022 actively supports busi...