Startups Archives - Page 7 of 20

14 start-ups announced to Pitch Live at Africa Tech Summit 2023

30Jan

By Africa BusinessNo Comments

Events, Startups

14 start-ups announced to Pitch Live at Africa Tech Summit 2023

Africa Tech Summit has announced the final shortlist of ventures who will Pitch Live on stage to investors, corporate and media at the Africa Tech Summit in Nairobi from 15th to 16th February. More than 250 entries from 20+ African countries, including Kenya, Tanzania, Ghana, Zambia, Mali, South Africa, and Benin, were submitted. Pitch Live is kindly supported by Enza Capital, Paystack, Raise and Carnegie Mellon University Africa (CMUA). The 14 finalists below represent five countries from diverse sectors such as fintech, agritech, health tech, and enterprise. Aiponics, Inc (Zambia) designed Hrvst, a digital marketplace, to fight food insecurity in Africa by tackling deficiencies in the food market on the supply and demand side. FreshSource (Egypt) is leveraging technology and data t...

eWAKA Secures a 500 000 CHF Loan from Swiss State Secretariat for Economic Affairs (SECO) Start-up Fund

25Jan

By Africa BusinessNo Comments

Startups

eWAKA Secures a 500 000 CHF Loan from Swiss State Secretariat for Economic Affairs (SECO) Start-up Fund

eWAKA (https://eWAKA.tech/), one of Africa’s most promising sustainable mobility startups, has received strategic support from the State Secretariat for Economic Affairs (SECO) Start-up Fund of the Swiss Confederation. SECO Start-up Fund has offered a 500,000 CHF loan that will support eWAKA’s 2023 plans to accelerate a growth strategy focused on providing innovative and sustainable mobility technology in Africa through the local production and promotion of eWAKA’ signature electronic bike known as the Shujaa. Given the transportation sector is the second highest contributor to greenhouse gas emissions, the urban logistics sector in Africa and across the globe urgently needs to adopt new technologies and business models to fight climate change, which disproportionately affects African cou...

Presenting the 2022 Partech Africa Report: Resilient African Tech Ecosystem Still Growing with $6.5 Billion Raised in 2022

24Jan

By Africa BusinessNo Comments

Fintech, Senegal News, Startups

Presenting the 2022 Partech Africa Report: Resilient African Tech Ecosystem Still Growing with $6.5 Billion Raised in 2022

Amid the drastic pullback in global VC funding, the African tech ecosystem stands out with +8% growth from 2021. Debt funding doubled in volume to $1.5B, accounting for nearly a quarter of the total funding. Fintech, still leading, attracted 39% of the total equity volume; Nigeria retained the top spot with 23% Partech Africa, the VC fund dedicated to technology startups in Africa, has issued its annual report on Africa Tech Venture Capital. The report, which aims to provide a practical picture of the state of the ecosystem, revealed that despite the global VC downturn, the African tech ecosystem grew faster than all other markets globally. Total funding invested into tech startups on the continent reached $6.5B, an increase of 8% vs 2021, spread across 764 deals - compared to 724 rounds...

11 Disruptive Startups Selected for Cohort 3 of the Africa Startup Initiative Program (ASIP) Accelerator Program powered by Startupbootcamp Africa

23Jan

By Africa BusinessNo Comments

Senegal News, Startups

11 Disruptive Startups Selected for Cohort 3 of the Africa Startup Initiative Program (ASIP) Accelerator Program powered by Startupbootcamp Africa

Africa's leading tech Accelerator, Startupbootcamp AfriTech (www.Startupbootcamp.org), together with founding partner and leading telecom giant, Telecel Group (https://TelecelGroup.com) have selected the participants of the much-coveted Accelerator Program, the Africa Startup Initiative Program (ASIP) (https://ASIProgram.com). The intrinsic value of startups in Africa lies in their ability to build fast and effective solutions to pressing challenges. Over the years another key aspect has come to the fray; scaling across borders. The ASIP Accelerator has managed to help founders fine-tune their business models while also facilitating entry into new markets such as Senegal. This has been possible through a historic partnership with DER/FJ (https://DER.sn), which was established to adv...

RiseBack founder speaks about Affordable University Education and impact on global economy at the launch of Asian African Chamber of Commerce

23Jan

By Africa BusinessNo Comments

Events, Startups

RiseBack founder speaks about Affordable University Education and impact on global economy at the launch of Asian African Chamber of Commerce

Startup Edtech RiseBack is empowering African, Middle East & American students and professionals with Affordable University Education from India starting at $75 per month On Saturday January 21st 2023 Asian African Chamber of Commerce & Industry (AACCI), a bilateral chamber with presence in Africa & Asia launched their Maharashtra chapter and announcement of Brajesh Kumar as Chapter President at the Hotel Aurora Towers. The chamber successfully completed 5 years of operation, the event was attended by professionals, entrepreneurs, heads of various business chambers, investors, & business persons from Pune & Maharashtra. The event was hosted by Shivani Bhimraj Bhalsing, Asst Manager Youth Success Association. The was graced by the following keynote speakers: Dr. Ta...

Game-changing strategies for small businesses

19Jan

By Africa BusinessNo Comments

Startups

Game-changing strategies for small businesses

By Catherine Wijnberg When times are troubled and uncertain, businesses need to evolve and remain competitive. Developing a change strategy process can be overwhelming but it does not need to be complicated. Here are four easy steps to a change strategy process that will give your business purpose and direction: Set your intention Create quiet, calm time to assess the situation. Use this to gain mastery of your personal space and eliminate the confusing rush of thoughts and inner busyness that clouds your wisdom. This quiet time will open your mind to think and see clearly. Methods such as meditation, walking in nature or breathing exercises are excellent tools. In my experience, most entrepreneurs believe they are pretty good at setting aside time to review the situation. However, t...

How to start a business with almost no money

22Dec

By Africa BusinessNo Comments

Business, South Africa News, Startups

How to start a business with almost no money

By Catherine Wijnberg One of the questions I am most frequently asked is: “How can I get funding to start my business?” Today’s Google search will give you 340 million answers to this question. But if it’s just one good answer you need, this one might help. The reality is that most new businesses start with very little money. I started Fetola from my dining room with one laptop and an idea. Similarly, Microsoft founder Bill Gates, Apple founder Steve Jobs and South African whizz kids Elon Musk and Mark Shuttleworth all started globally successful businesses from their garages, relying mainly on their skills and hard labour and some help from friends and relatives. Closer to home, Helena van der Westhuizen from Simply Bee, South Africa’s fast-growing, natural skincare company, developed ...

45 entrepreneurs from Africa attended the sixth edition of the SIBC

19Dec

By Africa BusinessNo Comments

Events, Startups

45 entrepreneurs from Africa attended the sixth edition of the SIBC

From November 23 to 29, 2022, 45 entrepreneurs from 18 African countries met in Marseille for the 6th edition of the Social & Inclusive Business Camp (SIBC) - an acceleration programme for African social and inclusive businesses. After three months of online training and mentoring, the winning entrepreneurs took part in an intensive week-long bootcamp with training modules, personalised coaching and networking opportunities, finishing with pitch sessions in front of key financial stakeholders in Africa during the EMERGING Valley Summit. THE SIBC - A PROGRAMME TO ACCELERATE SOCIAL AND INCLUSIVE COMPANIES IN AFRICA The Social & Inclusive Business Camp (SIBC) is an acceleration programme that has been supporting African social and inclusive businesses that are looking to scale up fo...

Digital Africa’s “Talent 4 Startups” pilot program is a success!

1Dec

By Africa BusinessNo Comments

Startups

Digital Africa’s “Talent 4 Startups” pilot program is a success!

Digital Africa, in partnership with Make-IT in Africa, launched Talent 4 Startups in 2022. The program's objective is to improve the employability of African talent in startups through fully-funded trainings. The program was designed on the basis of a repository of skills and jobs required by startups on the continent, developed with Edtech Connections. The digital skills gap in Africa will reach 230 million jobs by 2030, yet only 690,000 professionals in the sector have been identified to date. More than 70% of African companies say they cannot find locally the skills they need to grow. In this context, it is becoming increasingly important to train tech talent and place them in jobs in order to accelerate the continent's digital transformation. Startups emphasize the need to strengthen ...

African startup Ramani raises $32 million to help small businesses

27Nov

By Africa BusinessNo Comments

Startups

African startup Ramani raises $32 million to help small businesses

Ramani, the African software company building a cloud network of micro-distribution centers for Africa's $1 Trillion consumer-packaged goods supply chain, has announced this week the close of its $ 32 million series A round of equity & debt. The company plans to use the new funding to increase its distribution footprint across the continent and further develop its software platform. The round was led by renowned global technology investors Flexcap Ventures and revered founder/CEO of Infoscout, Jared Schreiber. Ramani also raised undisclosed seed funding in 2021 that included participation from Village Global, Goat Capital, Musha Ventures, Hustle Fund, Future Africa, Launch Africa Ventures, Raba capital, and renowned angel investor, James Beshara. Ramani was originally backed by Y comb...