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Welcome to our blog where we share news, opinions, reports, etc. of interest to the startup transformation community in Africa…

KCB Foundation to set up container salons
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The KCB Foundation has launched a container-based franchise model to support beauty and personal care businesses. The modified shipping container will be retrofitted to host a beauty salon and will act as an incubation hub for students who have completed hair and beauty courses to perfect their professional skills. The launch coincided with the graduation…

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HelloComputer, FCB Cape Town, and FCB East Africa win Uber Kenya pitch
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Hellocomputer Cape Town, FCB Cape Town, and FCB East Africa, as well as all three agencies within the FCB Africa fold, have landed an Uber Kenya project after a pitch process. The team aim to deliver an integrated campaign that is custom fit for the growing Nairobi market with the launch of a new product offering.…

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DFS Lab announces $1m startup bootcamp in Tanzania
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Fintech accelerator DFS Lab has opened applications for its third startup bootcamp, which looks to identify and invest more than US$1 million in African startups. The event will be held in early December in Dar es Salaam, Tanzania, with the entrepreneurs with the most innovative solutions receiving up to US$50,000 in funding and six months…

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Harvard graduate wants to make EFI Hub one-stop solution for entrepreneurs in Asia and Africa
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In the absence of guidance, many startups fail to reach their full potential. This, despite the presence of many accelerators and mentors as they are not on one platform. This was the problem Anu Shah, 31, wanted to solve. Her quest led her to found EFI (Engage for Impact) Hub in 2017 while studying private…

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Inadequate funding affects Africa start-ups
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It’s not in doubt that African start-ups are losing out on the lucrative investment opportunities to their European counterparts enjoy. This has been an issue of heated debate in the technology sector for some time now. Studies into the multi-billion-shilling venture capital ecosystem, as well as anecdotal reports from industry insiders, have revealed an investor…

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SA fintech company Entersekt secures Endeavor funding
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South African financial solutions mobile authentication company Entersekt has raised a new round of funding with assistance from Silicon Valley-based co-investment vehicle Endeavor Catalyst. Founded in Stellenbosch, Entersekt offers authentication systems for online and mobile banking services, with its flagship product Transakt enabling a one-touch user experience. The company has now received an undisclosed amount…

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How to secure $1m investment for your fintech startup
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African fintech startups have been invited to apply for the Global Startup Challenge, which is running a fintech vertical offering a prize of US$1 million in funding. The Global Startup Challenge, run by Edge 196, takes place via 26 clusters across the world and covers 196 countries, with applications for the fintech vertical closing next…

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Safaricom launches innovation center to move beyond M-Pesa
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Safaricom, Kenya’s largest telecom company and provider of the nation’s mobile money service, M-Pesa, has launched a new innovation center in Nairobi. Named Safaricom Alpha, a priority of the incubator is to identify spending patterns on mPesa and turn those insights into additional Safaricom products — according to Chief Innovation Officer, Kamal Bhattacharya. “Safaricom’s unique…

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AfriLabs Announced 7 New Tech-Hubs to its Pan-Afrikan Innovation Hub Network
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Pan-Africkan innovation hub network; AfriLabs has been working through tech hubs to build an innovation infrastructure that encourages the growth of Africa’s knowledge economy by supporting the development of start-ups, technology, and innovation, fostering partnerships between tech hubs across the different regions and promoting opportunities that the hubs and their communities can benefit from. On June…

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Nigerian e-health startup Mobicure wins Expo Live grant
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Nigerian e-health startup Mobicure has been awarded an Expo Live grant from organisers of the next World Expo, being held in Dubai in 2020, for its OMOMI application, which helps expectant mothers and parents of under-five-year-olds monitor the wellbeing of their children from home. The programme will grant up to US$100,000 per initiative for its…

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50 startups to get a chance to showcase their technology at EU Africa Business Forum
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Are you a startup operating in Africa? Well, here is some good news for you, the European Union wants to sponsor 50 startups to the 6th EU-Africa Business Forum to showcase their technology and services. The event, which will be held in Abidjan will be held on the 27th November 2017. The EU is offering…

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Start-Up Bets on Tech Talent Pipeline From Africa
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When Tolulope Komolafe first heard the pitch, she was skeptical. A fledgling company in Lagos, Nigeria, would pay her to learn how to write modern computer code and then offer her a good job in the high-tech economy. “I thought it was a con,” she recalled. “Too good to be true.” After inquiring, Ms. Komolafe…

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