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  • With nine days to go Prosperiprop ICO has raised just $20 000 against $20m target

    South African startup Prosperiprop may have been too optimistic when it launched its PROPEX initial coin offering (ICO) last month. With nine days to the end of the ICO the startup has raised a mere $20 269, through selling 144 154 tokens,against a targeted $20-million Through its its ICO the startup wants to allow investors a chance to invest in international property. Last month Prosperiprop founder Llew Morkel said the company was  seeking to raise between $60-million and $120-million through the ICO in PROPX tokens, valued at one dollar a piece. The company will itself retain $80-million of tokens. ICO has been a hectic...

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    Tshwane free Wi-Fi TV – TV by the people, for the people, on the people's network

    The City of Tshwane has added another trailblazing project to its name with the launch of the WiFi TV, a Video-On-Demand service made available over the Tshwane Free WiFi network. The WiFi TV is another pioneering project geared towards positioning Tshwane as a Smart City by using technology to bridge the digital divide, engage communities on government affairs and bring about social cohesion.  Local crews have been recruited and trained to create videos covering local topics including music, current affairs, entrepreneurship, religion, jobs and sport in the townships of Mamelodi, Soshanguve, Atteridgeville and the Tshwane CBD. These videos are then uploaded...

  • Top startup events in South Africa, Africa you should know about this week [23/10/2017]

    Looking to get into the South African startup scene or catch up on some of your skills? Well, you’ve come to the right place. There are loads of competitions, networking sessions and workshops happening around South Africa and the rest of the continent (namely Kenya, Nigeria and Ghana) that we’ve rounded up to make your life a bit easier. This article is part of a weekly series that highlights all the top startup competitions, networking sessions, workshops and conferences around South Africa, and the greater region. If you have any event recommendations for us to add to the list, or...

  • FNB Business Innovation Awards entries for 2018 are now open

    Endeavor South Africa today announced the launch of the FNB Business Innovation Awards entries for 2018. The awards are supported by Endeavor South Africa. In a press release Endeavor SA said the FNB Business Innovation Awards are aimed at businesses that are able to demonstrate real innovation with the potential to change the way an industry operates both locally and internationally. Businesses must exhibit high-growth potential and have the capacity to add substantial economic value by means of job creation. This, partnered with a social conscious, outstanding business ethics, and goodwill are all factors that will be reviewed by the selection panel. All...

  • Here’s how Cape Town is using IoT to be smarter, safer, sustainable [Sponsored]

    As more and more people move into urban areas, cities around the world are increasingly turning to tech, particularly the Internet of Things (IoT) to better manage their  growing urban populations. Late last year, Cape Town was named as one of 22 cities around the world leading in implementation of Internet of Things (IoT) technologies. Cape Town is one of 22 smart cities acknowledged to be leading in the implementation of IoT in Nokia's Smart City Playbook A 2016 report titled the Smart City Playbook which was commissioned by Nokia looked at how 22 cities around the world are leveraging the power of...

  • SA’s slowing economy, political volatility no concern for Swiss angel investors

    South Africa's current political volatility and the slowing economy is no concern for a group of six Swiss angel investors who have contributed to the €150 000 that 10 startups this year have been able to tap through Startupbootcamp Cape Town. Swiss ICT Investor Club (SICTIC) Thomas Duebendorfer and five other investors from the investor club have committed to fund three years of Startupbootcamp Cape Town and invest in 10 early-stage tech startups per year that do business in Africa. For Duebendorfer South Africa is still an attractive investment destination. "Only if it were to affect how foreign investors are treated or regulated in South Africa...

  • SA blockchain startup The Sun Exchange raises $1.6m to help fund planned ICO

    SA blockchain startup The Sun Exchange, which leverages blockchain technology to allow individuals to purchase solar cells in solar projects, has raised $1.6-million from a number of strategic partners to enable it to fund a planned initial coin offering (ICO). The news was revealed this afternoon in a press release to Ventureburn by SA Venture Capital Company, Kalon Venture Partners. In addition to Kalon Venture Partners other investors include: Network Society Ventures (New York City) and three of the world's leading technology accelerators, BoostVC (San Francisco Bay Area), TechStars (Boulder, Colorado) and Powerhouse (Oakland, California). The Sun Exchange will use the funding to run a...

  • AfricArena Tech Conference to be ‘one-stop shop’ for startups and investors

    A "one-stop shop" for deal making. That's what AfricArena Tech Conference lead organiser Christophe Viarnaud claims the two-day conference set for 6 and 7 November at the Century City Conference Centre, Cape Town will achieve. Addressing a press conference held on Wednesday at Invest SA's Cape Town office, Viarnaud said the conference -- an initiative of La French Tech and Silicon Cape -- aims to facilitate investment deals between investors and tech entrepreneurs. AfricArena Tech Conference will be held in Cape Town at the Century City Convention Centre between 6 and 7 November Viarnaud attributes African startups struggle to raise funding to "a lack of interface, a...

  • To create next Elon Musk continent needs more seed funding says AfricArena head

    If Africa is to produce the next Elon Musk and get more such entrepreneurs to stay on the continent, far more money needs to be pumped into the continent's tech ecosystem, the head of AfricArena Tech Conference Christophe Viarnaud said yesterday. Speaking at a panel discussion held at the Cape Town office of Invest SA, South Africa's investment agency, Viarnaud (pictured far right), said Africa may have over a billion people and thousands of tech entrepreneurs but it only attracts one percent of the seed funding worldwide. "Clearly, that’s a massive problem," he added. The panel discussion was hosted by Wesgro in partnership with Silicon Cape and the French Consulate ahead of...

  • Despite slow growth of tech ecosystem, those in Gambia remain optimistic

    Touching down at the Banjul International Airport, a first-time visitor would be impressed with the petit nature of the continent’s fifteenth least populated country. At the arrival lobby where the ATM machines are, several banners of telecoms companies encourage travellers to choose their network as preferred roaming service. Getting an active line is free at the airport and its activation takes few minutes of registration and Banjul’s streets and main roads are lined with billboards advertising various offerings by telecoms providers and internet service providers. With several operators and operational ISPs, one would expect basic tech devices such as the PoS machine...

  • Startups have 10 days left to complete Ventureburn survey, win iPhone 8, more

    Startups have just over 10 days left to complete the second annual Ventureburn Startup Survey and stand a chance to win an iPhone 8 as well as a business startup hamper powered by Telkom, BCX and Trudon and other great prizes. Ventureburn, in partnership with Telkom Futuremakers and analytics company Qurio launched the survey on 2 October. The survey will close on 31 October. Thus far 165 questionnaires have been completed in full. 'The Ventureburn Startup Survey will prove crucial in providing data on the challenges faced by South Africa’s tech startups' This year's survey follows the successful 2015 survey and aims to again to uncover the nuts and bolts of the startup sector and answer...