Startups Archives - Page 4 of 20

Global Startup Awards Africa Announces 16 Category Winners Innovating for a Global Africa at the history-making Summit in Addis Ababa, Ethiopia

31Oct

By Africa BusinessNo Comments

Global Startup Awards Africa Announces 16 Category Winners Innovating for a Global Africa at the history-making Summit in Addis Ababa, Ethiopia

The Global Startup Awards Africa (GSA) Africa, in collaboration with the Global Innovation Initiative Group (GIIG), the Ethiopian Ministry of Labour and Skills (MOLS), the Ethiopian Ministry of Innovation and Technology (MInT) with the support of the Entrepreneurship Development Institute (EDI) Ethiopia, revealed the names of 16 category winners at the GSA Africa Summit in Addis Ababa, Ethiopia. The GSA Africa awards began in 2021, a journey that has led to over 15,000 African innovators nominated from 54 countries, support of 300 jury members, ambassadors, and hundreds of innovation hubs across the continent. Jo Griffiths, co-founder of the GSA Africa and GIIG, highlighted, “The Global Startup Awards Africa aims to raise the visibility of African innovation as a unifying mechanism that...

27Oct

By Africa BusinessNo Comments

Business, Startups

The most valuable ‘white spaces’ today in African investing

By Victor Basta, CEO of DAI Magister In the vast and diverse landscape of African growth investing, more opportunities abound today than ever before. Africa’s recent growth surge has created a large group of companies already scaling successfully, while the current market environment has reduced the capital available. This untapped potential between high quality investment “demand” and reduced capital “supply” extends to various commercial sectors, including logistics, HR, and insurance, all presenting significant high value “white spaces” waiting to be filled. For those looking to invest in Africa, especially in high-growth, digitally driven companies, these markets offer immense potential. African Investment In Developed Digital Sectors Africa’s digital sectors are leading the way in ...

25Oct

By Africa BusinessNo Comments

Startups

ICT sector comes out tops in latest Southern Africa Venture Capital Industry Survey

A low-growth economy, high unemployment and the mounting pressures posed by the ongoing energy crisis have continued to weigh heavily on start-ups in Southern African over the past year. Early-stage investors likewise reported that these challenges have had a material impact on the local venture capital industry, with an overall decrease in the value of deals during the 2022 period. The local information and communication technology (ICT) sector, spearheading efforts to digitise the South African economy, has retained its position of attracting investor interest and confidence, despite the subdued investment climate. This was one of the key findings to emerge from the 2023 Venture Capital (VC) Industry Survey, published by The Southern African Venture Capital and Private Equity Associat...

24Oct

By Africa BusinessNo Comments

Ethiopia News, Startups

Innovating a Global Africa: Global Startup Awards Africa Summit embeds innovation across startup nations

The upcoming Global Startup Award (GSA) Africa Summit, scheduled from 25-27 October at the Ethiopia Arts & Science Museum in Addis Ababa, is a monumental occasion for Ethiopia, a potential-laden country, signalling a significant milestone in the country's entrepreneurial journey. As we enter the Decade of Action, the GSA Africa platform seeks to showcase African world-changing innovation through a Sustainable Development Goal-aligned lens on the global and local stage. Her Excellency, Ms Muferihat Kamil, Minister of Labour and Skills of Ethiopia will make an address on the first day of the summit. “Job creation and youth employment are crucial for the ongoing economic development of Ethiopia. Given the presence of a sizable young population eager to contribute, it is highly import...

24Oct

By Africa BusinessNo Comments

South Africa News, Startups

Potential Market Impact Evident in Success of Tech Startups

Celebrating the Winners and Encouraging Growth: Insights from the Technology Innovation Agency's Pitching Competition at the SA Innovation Summit The Technology Innovation Agency (TIA) hosted an exciting pitching competition during the SA Innovation Summit from September 26th to 28th. The winners were commended for their impressive accomplishments, but TIA Acting Executive for Innovation Enabling, Vusi Skosana, reminded everyone that even those who didn't win have still achieved something invaluable. He emphasized that failure is not the end, but another chance to learn and grow. Skosana encouraged all participants to treasure their experiences, as they will undoubtedly contribute to future success. Skosana's inspiring message was inspired by the City of Cape Town's call to action,...

23Oct

By Africa BusinessNo Comments

Startups

The 7th edition of EMERGING Valley will take place on November 28, 2023 to build the technological future between Europe and Africa

Under the high patronage of the President of the French Republic Emmanuel Macron, the 2023 edition of EMERGING Valley promises to be a major event to stimulate co-innovation and digital investments with societal and environmental impacts between Europe and Africa. This 7th edition of the business forum expects more than 3000 participants and will gather 250 startups and 50 investors from 70 different countries. Topics at the heart of the discussions will include environmental challenges, artificial intelligence, female entrepreneurship, startup financing, the Olympic Games, and above all positive innovation between the African and European continents. The event takes place within the framework of the nomination of Aix-Marseille-Provence as the European Capital of Innovation for 2023. EMER...

25Sep

By Africa BusinessNo Comments

South Africa News, Startups

Unlocking Socio-Economic Progress: Early-Stage VC in South Africa

by Anza Capital South Africa, as Africa’s third largest and most diversified economy in the African continent, holds immense potential for economic and social development. With its abundant natural resources, youthful population, resilient infrastructure, and deep capital markets, South Africa can regain its position as a dynamic force on the African stage. However, to harness this potential fully, critical challenges like power shortages and unemployment must be addressed. A thriving startup ecosystem can, as advocated by the South African Startup Act position statement of 2021, “unleash the growth and innovation embedded in our entrepreneurs and youth”[1], accelerate socio-economic development, competitiveness and the transformation of economies. The Start-up Act lobby group also focus...

19Sep

By Africa BusinessNo Comments

South Africa News, Startups

Business 101: How to protect your startup from bankruptcy

You’ve taken the plunge and your small business venture has taken off. You're confident you'll defy statistics like 70-80% of South African small businesses failing within the first five years. However, you encounter your first hurdle when applying for a business loan – the bank requires you to sign surety to secure the financing. Meera Naidoo, Head of Legal Support at SanlamConnect, says it is an industry-wide standard for banks to request a surety before approving a finance application. "A surety is a contractual obligation in which the business owner or shareholder acknowledges that they’re personally liable for the business’ debt if the business is unable to settle this debt This guarantee mitigates risk on behalf of the lender. Without it, if a business were to fail, the bank wouldn'...

19Sep

By Africa BusinessNo Comments

Nigeria News, Startups

29 African Startups in Healthcare Supply Chain Selected to Receive Funding and Impact Support from the Gates Foundation, MSD, and More

The pan-African Investing in Innovation (i3 program) is funded by Bill & Melinda Gates Foundation and sponsored by Cencora (formerly AmerisourceBergen), Merck Sharp & Dohme (MSD), Microsoft and Chemonics to invest in Africa’s most promising early to growth-stage start-ups in health care supply chains. The second cohort comprises 29 startups chosen from 10 African countries. Notably, 38% of these startups are led by women, and 17% operate within Francophone Africa. Selected startups will receive a $50,000 grant and access to market opportunities to foster growth-focused partnerships with donors, industry, and institutional stakeholders. Investing in Innovation Africa (i3), a pan-African initiative for start-ups building the future of healthcare supply chains, has...

13Sep

By Africa BusinessNo Comments

Startups

Irish Tech Challenge offering support to local tech startups in South Africa

By: Hahangwi Liphadzi, Incubation Manager at Tshimologong Local tech startups are playing an increasingly important role in driving economic growth in South Africa. These startups are developing innovative solutions to address some of the country's most pressing challenges, such as unemployment, poverty, and inequality. One way that tech startups are contributing to economic growth is by creating jobs. According to a report by the South African Startup Ecosystem Report, as of May 2022 the 490 tech startups in South Africa had created over 11,000 jobs. This is a significant number, considering that the country's unemployment rate is currently at 32.9%. In addition to creating jobs, the report also highlights how tech startups are helping to boost the South African economy by generating r...