Startups Archives - Page 18 of 20

26Apr

By Africa BusinessNo Comments

Fintech, Startups

How to Calculate and Improve Customer Lifetime Value for Your Fintech App

Creating loyal customers that purchase your products and services for life is the dream. Increasing customer lifetime value creates stability for your business and allows you to innovate new products and services that keep finance customers returning to your brand again and again. To end the feast and famine cycle, companies need to increase customer lifetime value and keep customers engaged and nurtured. Fintech apps might be enjoying a boom right now, but it's establishing a high lifetime value that creates sustainable growth and business stability. Calculating CLV: A Refresher The traditional approach to calculating CLV looks at sales, transactions, and retention through the lens of profit margins. To find lifetime value, use this equation: Lifetime Value = Average Value of Sale × Numb...

23Apr

By Africa BusinessNo Comments

Rwanda News, South Africa News, Startups

Africa as a Driver of Technovation

Sustainable digital transformation, applied in the context of startups, tech hubs and big business is what will define Africa as the “new frontier,” enabling actionable inspiration far beyond the continent. Founded in Africa, by Africans, for Africans, the most important tech event of the year, Africa Tech Week 2021, is set to be a platform and springboard for like-minded individuals and thought leaders can catapult themselves into a successful space. A space where digital change and evolution is quite possible. In the words of Elon Musk, the great industry disrupter, “Some people don't like change, but you need to embrace change if the alternative is disaster.” The poll data from Africa Tech Week 2020 showed that out of the 904 registrants that attended the event, only 42.6 were confident...

Shaping tomorrow’s innovation: Collaborating with the right VC partner

20Apr

By Africa BusinessNo Comments

Startups

Shaping tomorrow’s innovation: Collaborating with the right VC partner

Early-stage African tech investor HAVAÍC says aligning to startup founders’ interests, allowing management to maintain their independence, leveraging off smart capital and working together towards a mutually favourable exit is the foundation for successful collaboration between Venture Capital (VC) investors and startups. Ian Lessem, Managing Partner at HAVAÍC, notes that for African startups with international ambitions, partnering with professional investment managers with proven expertise, well established networks, and experience in scaling businesses both locally and abroad are non-negotiable. “We focus on bringing about strategic value in the companies we invest. Our approach is very much about solving backwards from the end goals and carefully considering what foundations need to be...

13Apr

By Ibrahim MoshoodNo Comments

Nigeria News, Startups

The SEC’s Circular On The Trading Of Foreign Securities By Investment Platforms In Nigeria

By Ibrahim Moshood, Associate, Centurion Law Group The apex regulator of securities in Nigeria, the Securities and Exchange Commission (“SEC”) has issued a circular, with respect to technology investment platforms providing the Nigerian public with access to foreign securities. The circular dated 8 April 2021, issues a strong warning to these investment platforms and Capital Market Operators (“CMOs”) in partnership with them to provide brokerage services. Both categories of players in the financial space were warned to desist from providing the Nigerian public, with access to foreign securities. This is pivoted on the grounds that these securities are neither registered with the SEC nor listed on the Nigerian Stock Exchange (“NSE”). From 2018, technology start-ups have pioneered major disr...

12Apr

By Africa BusinessNo Comments

Kenya News, Startups

Kenyan retail-tech startup Tanda secures funding for regional expansion from HAVAÍC

Kenyan agency banking startup Tanda is expanding its operations regionally after securing funding from early-stage African tech investor HAVAÍC, Zedcrest Capital, DFS Lab, Victor Asemota and three other investors. Tanda has also secured key strategic partnerships with Mastercard and Interswitch which will further accelerate its growth. The company’s expansion comes on the back of successfully pioneering and proving the viability of the interoperable agent and merchant model in Kenya, a model that has only been validated in West Africa prior to Tanda. Commenting on HAVAÍC’s decision to invest in Tanda, Rob Heath, Partner at HAVAÍC says, “Tanda is solving one part of the very deep and complex problem of financial inclusion that is not only Kenyan, but a problem across all emerging and undev...

31Mar

By Africa BusinessNo Comments

South Africa News, Startups

Justice Accelerator calls on innovative Southern African startups changing lives and creating social impact

EUR 10,000 grant for technology-driven finalists to grow their business The Hague Institute for Innovation of Law (HiiL) is calling on all game-changing justice startups that want to grow their social impact and business to participate in this year’s HiiL Innovating Justice Challenge. Successful applicants will earn a place in the prestigious international HiiL Justice Accelerator programme, along with EUR 10,000 in funding and a package of tailored local support. The programme is searching for promising startups and social enterprises who are solving a pressing justice problem in a way that is high impact and sustainable. Themba Mahleka, co-head of the HiiL Innovation Hub Southern Africa, says that the numerous social and economic challenges of the past year have made tackling inequality...

28Mar

By Thomas WrightNo Comments

Startups

What Is The Best Business To Start In Africa?

It is clear as day that Africa is a potential market for investors. The continent is full of natural resources, manpower, and many sectors that need development. Africa can be the most efficient place for entrepreneurs because it has a favorable atmosphere for startups. People all around Africa face various problems and need solutions to them. Startups can occupy them as opportunities. There are many success stories in Africa in recent times because entrepreneurs are focused on problem-solving rather than generate profit only. Let’s check out some African startups that are growing constantly. MedSaf The expansion of bogus medicine in some regions of Africa is a life-threatening issue. Fake medicines are often considered the silent killer in Africa. Each year, thousands of people die from ...

26Mar

By Africa BusinessNo Comments

Startups

Africa’s Best Corporate-Startup Collaboration Accelerator Now Open for Applications from the Most Disruptive Startups on the Continent

Technology sectors such as FinTech, InsureTech, AgriTech, eCommerce, HealthTech, and CleanTech are not only solving some of Africa’s most pressing problems, they are also contributing significantly to the continent’s economy. In fact, the so-called Internet economy is set to reach 5.2% of gross domestic product (GDP) by 2025, contributing about $180-billion to the African economy[1]. To develop the potential of startups driving the Internet economy, Telecel Group has opened applications for the ASIP Accelerator Program, powered by Startupbootcamp AfriTech. The Program helps startups achieve 18-24 months of growth in just three months. Now, the next generation of early-stage African tech startups disrupting a wide range of industry sectors are being sought. Ten startups will be selected to ...

14Mar

By Africa BusinessNo Comments

Democratic Republic of the Congo, Events, Fintech, Startups, Tech

The Democratic Republic of Congo to Host its First Smart City Conference

The Democratic Republic of Congo (DRC) will be hosting the country’s first Smart City conference which will be taking place virtually from 16 to 18 April 2021. Driving this is Congo Bulaya, a subsidiary initiative of the Centre d’Innovation de Lubumbashi (CINOLU), which aims to actively participate in the creation of more competitive and vibrant cities in the DRC. Themes to be explored include The Role of Public Policies, Youth and Civic Participation in Sustainable and Inclusive Human Settlements; Industrialisation for the City of the Future; Governance and Education for All; Urban Resilience; The Role of Research in the Development of Resilient Cities; and Gender Issues, Balance and Inclusiveness under SDG 11. These will be unpacked during roundtable discussions, workshops and focus grou...

9Mar

By Africa BusinessNo Comments

Events, Kenya News, Medicine, South Africa News, Startups

Announcing Winners of the 8th Edition of the Sankalp Africa Summit Awards

Over 1,200 delegates virtually convened for the 3-Day summit on ‘A Resilient Africa - Forging Solutions for the Impact Economy’ Sankalp Forum, an initiative of Intellecap hosted its 8th Edition of the Sankalp Africa Summit, in a virtual format, from the 2nd to 4th March 2021, one of Africa’s largest inclusive networking platform focusing on entrepreneurship and the impact investing ecosystem. Some of the key highlights of the summit include the awarding of the top three most innovative young entrepreneurs in Africa and sharing of sector insights on, rebuilding a resilient universally accessible health system capable of rapidly detecting, assessing, reporting; rebuilding robust local institutions in Africa to attain globally competitive levels post Covid-19; and eliminating social and econo...