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  • Gauteng’s Innovation Hub gets new head

    Pieter Holl is the new CEO of Gauteng government's Innovation Hub. Holl, who was officially appointed last month, replaces McLean Sibanda and was the Acting CEO from June to last month. In a statement last month, the Gauteng Growth and Development Agency and members of the Innovation Hub's board, welcomed Holl into his new position.   Prior to joining The Innovation Hub, Holl was the deputy director-general responsible for business regulation and governance at the Gauteng Department of Economic Development, a position he held for eight year. Before joining The Innovation Hub, Holl was the deputy director-general responsible for business regulation and...

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    Zapacap Optimizing Taxis Will Help Cape Town Transport

    Cape Town has been named as ‘the third most congested city in the world’ -a pretty incredible statistic for the city often named as easy-going, lazy or just, ‘chilled’. With a statistic like that, we have to ask, “What’s going on with Cape Town’s transport?” Too many cars only transport one passenger We have some great roads in Cape Town and municipalities are always quick to fix any potholes that come about as a result of wear and tear. The real problem though is the bottlenecks that occur each morning as a result of some unfortunate road design as well as...

  • Here are the five winners of the 2018 Ventureburn Tech Startup Survey

    Ventureburn is proud to announce the five startup founders and startup employees who have been randomly selected as prize winners after completing the 2018 Ventureburn Tech Startup Survey powered by Telkom Futuremakers. The results of the survey were publicised last month.  Those who completed the survey, stood the chance to win one of five prizes, namely: an iPhoneX, a Telkom Business in a Box Supreme solution, a one-year subscription to Ventureburn’s press release service for their startup, two cases of Jordaan’s Montegray wine and an exclusive mentoring session with legendary venture capitalist Keet van Zyl. Five participants from the 2018 Ventureburn Tech Startup Survey walked away as winners There were...

  • Fintech Nala wins Seedstars Dar es Salaam, confirms Y-Combinator selection

    Tanzanian fintech Nala was yesterday selected as the winner of this year’s Seedstars Dar es Salaam, at a pitching event in Tanzania's capital. Nala is a mobile money application that works offline, allowing users to easily access multiple mobile money wallets faster. This, as Nala founder Benjamin Fernandes yesterday also confirmed to Ventureburn (following a tip off from an industry source) that the startup has been selected by the prestigious US seed accelerator Y-Combinator to take part in its 2019 batch. Fernandes declined to comment further, saying Y-Combinator had asked participants not to share publicly yet that they have been accepted. The accelerator usually makes seed investments in those startups that take part in...

  • Four African startups in PeaceTech Accelerator secure multiple partnerships

    All four African startups that took part in the PeaceTech Accelerator's fifth cohort have secured corporate partnerships following the conclusion of the accelerator's eight week programme -- Mike Ravenscroft, the programme director of C5 Accelerate which runs the initiative, has revealed. C5 Accelerate launched the Washington DC based accelerator last year in partnership with PeaceTech Lab, a peace building non-profit, in collaboration with cloud computing service provider, Amazon Web Services. The aim is to help scale startups on the cloud and solve problems relating to peace, stability and security worldwide. Africa’s contingent to the accelerator’s fifth cohort included two Nigerian startups — proptech Muster and talent marketplace...

  • Sawari Ventures announces $35m first closing of $70m North Africa fund

    Egyptian venture capital firm Sawari Ventures yesterday (9 December) announced a $35-million first closing of its $70-million Sawari Ventures North Africa Fund I (SVNFI). The Cairo-based VC firm made the announcement on the sidelines of the last day of the Africa 2018 Business Forum in Sharm El Sheikh in Egypt. In a statement yesterday (9 December), Sawari Ventures stated that it aims to use the fund to invest in tech and knowledge-driven companies in Egypt, Tunisia and Morocco. The fund's first closing investors include the European Investment Bank (EIB), the Dutch Good Growth Fund which is managed by impact-focused investment manager Triple Jump, the French Development...

  • Endeavor SA to host International Selection Panel in Stellenbosch this week

    A number of SA entrepreneurs are in the running to join the prestigious club of Endeavor that supports high-impact entrepreneurs around the world -- with the non-profit's SA office set to host its 84th International Selection Panel (ISP) in Stellenbosch from tomorrow (11 December) to Thursday (13 December). Through the ISP, Endeavor aims to identify innovative and driven entrepreneurs from across the world who are committed to building big businesses that have a positive economic impact. At the ISP, business leaders interview entrepreneurs about their businesses, evaluating them on their fit with Endeavor and their growth potential. Once selected, Endeavor entrepreneurs gain access to comprehensive customised services,...

  • Meet the African startups that won this year’s Seedstars World pitch events [Updated]

    After a seven-month long journey that saw the Seedstars World team travel through more than 25 countries on the continent, a total of 17 African startups will this week participate at this year's edition of the Seedstars Africa Summit which kicks off tomorrow (11 December). The startups are winners of the 17 pitch events Seedstars World held across the continent. North African startups 7keema, Optimalogic and Elham Education took part in the MENA Seedstars Summit which was held last month in Beirut, Lebanon. At the summit, the 17 -- along with three Swiss startups -- will participate in a day-long growth bootcamp where they will learn more about...

  • Top startup events in South Africa, Africa you should know about this week [9/12/2018]

    The two biggest startup events this week are Seedstars Africa Summit on Thursday (13 December) in Dar es Salaam, Tanzania and TechCrunch's Startup Battlefield Africa on Tuesday (11 December) in Lagos, Nigeria. Tied to TechCrunch Startup Battlefield Africa, Facebook will host a number of events during the week. These include: Aspiring Entrepreneurs — Digital Pitch Competition (10 December): Winners from seven Nigerian states who participated in the Aspiring Entrepreneurs Digital 2018 programme will pitch their businesses to a panel of judges for a chance to win support and prizes from Facebook and Fate Foundation. NG_Hub Start-up Mixer (10 December): A social gathering...

  • Egyptian healthtech Vezeeta does it again with $1-million raise from the IFC [Updated]

    Egyptian healthtech startup Vezeeta has raised a new, $1-million investment from the International Finance Corporation (IFC), a member of World Bank Group -- less than three months after closing a $12-million Series C funding round led by Saudi-based STV. Vezeeta has developed one of the Middle East and North Africa’s (MENA) largest healthcare booking platforms and medical practice management software. Egyptian startup publication Menabytes reported today that the deal is the IFC’s first direct investment in an Egyptian technology company. The publication quoted Vezeeta CEO and co-founder Amir Barsoum (pictured above) saying that the “IFC is a global power that will not only help fuel...

  • Kobo360 lands $6-million equity investment from World Bank’s IFC

    The IFC, a member of the World Bank Group, has announced a $6-million equity investment in Nigerian tech startup Kobo360. The startup's e-logistics platform helps connect the supply of trucks with the demand for transportation services by cargo owners in Nigeria. Today's announcement follows a $1.2-million seed round led by US venture capital firm Western Technology Investment that the startup announced in June, while earlier this year the startup was accepted into Y-Combinator’s 2018 Summer cohort, and received a $120 000 equity investment from the seed fund. Nigeria logistics startup Kobo360 has landed a $6-million equity investment from the IFC The IFC said in a statement today that the investment was led by...