Wednesday 22 May 2013

SA’s Technology Innovation Agency to Set Up ZAR100m VC Fund

South Africa’s Technology Innovation Agency (TIA) has approved ZAR100m for a venture capital fund that is, however, intended to act as a fund of funds: according to Ventureburn, TIA – smart choice of acronym? – will invest this sum in at least three...

More Tech VC Capital from Oppenheimer Family

E. Oppenheimer & Son International, the investment holding company of South Africa’s Oppenheimer Family, have invested an undisclosed, but ‘substantial’ sum in 4Di Capital, a Capetown-based tech venture capital firm, that will reportedly double their...

Launch of Lagos Angel Investor Network

The Economist has an interesting short article on the launch of a new angel investor network in Lagos, Nigeria. Kenya has made a lot of headlines with its aspiring tech start ups, but while Nigeria does not have a similarly successful mobile money system...

DEMO Nairobi Event: Winners and Round Up

Another month, another pitch event: The five winners of the recent Nairobi DEMO competition and launchpad event will now take their start up to Silicon Valley for mentoring and meetings with potential investors. Local co-organisers CIO Magazine have the...

DEMO Africa Release Shortlist of Start Ups for Nairobi Event

DEMO Africa have released the shortlist of the 40 start ups – filtered out from a total 500 submissions - that will pitch to ‘venture capitalists, angel investors, investment fund managers, tech buyers, entrepreneurs, innovation supporters and media’ in...

ICT Start Ups: Hype or Business?

“There’s hype and then there’s business.” That was the frank assessment offered at the recent DEMO Africa investor roundtable on tech-focused venture capital in Nairobi. East Africa’s tech space is having a heyday. Rapid mobile penetration across the...

DEMO Hold First Africa Event in Kenya in October 2012

More VC tech events: DEMO will hold their first Africa event, DEMO Africa, in Nairobi from 24 to 26 October 2012. The organising consortium includes DEMO, Microsoft, the World Bank’s InfoDEV, Nokia and US Department of State. The event aims to bring...

IBM to Fund SA Start-Ups

IBM South Africa has joined the ranks of corporations hoping to fund technology start-ups as a part CSR, part technology pipeline for clients strategy. IT News Africa reports that the Global Entrepreneur Program will fund early stage entrepreneurs,...

Government of Nigeria to Launch VC Fund for ICT Sector

In a press conference, Nigeria’s Minister for Communication Technology, Omobola Johnson, announced that the Nigerian government planned to launch a USD15m venture capital fund. The Information Technology Development Agency (NITDA) would contribute USD3.6m, and the remainder would be raised both from local and international...

Crowd sourcing: Getting Ahead of the Pack, or Ahead of Itself?

We reported recently on Grow VC, a US-based group that is promoting crowd sourcing for Africa. The idea is to gather money from ordinary people through an online platform to fund new ventures and fill the gaps where VC and angel investors have yet to...

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