Startups

African Tech Startups Funding rises by 17%

African Tech Startups Funding rises by 17%

Startups, Technology
African tech startups raised funding in excess of US$129 million in 2016, with the number of startups securing funding up by 16.8 per cent compared to the previous year reports Tech city. The Disrupt Africa Startups Funding Report  displays substantial growth in the number of startups to raise funding as compared to the previous year, although the overall total amount of funding recorded declined. Of the nine sectors analysed in the report, the fintech sector received the most backing in 2016, with startups in this space raising a combined US$31.4 million, 24 per cent of the overall total. According to Tech city, the report also makes available data on the startup acquisitions which took place in 2016; as well as the results of surveys relating to preferences and trends wit
Surge in tech hubs give African startups a place to grow

Surge in tech hubs give African startups a place to grow

Governance, Startups, Technology
Africa’s tech scene is surging. Across the continent, new hubs, labs and co-working environments are giving rise to oases of innovation. These meeting places act as a bridge between technology start-ups, investors and academics, nurturing collaborations. Entrepreneurs experiment together and learn from one another, supported by the hubs’ ICT infrastructure and mentoring programmes. The results – from the ‘crowdmapping’ tool Ushahidi to homebrew solar heaters to a farmers’ cooperative – are strengthening community-led food and energy systems, and could bring new resilience to local economies. Africa is experiencing a perfect storm of young people, maturing education systems, and growing mobile phone services and use. A few noteworthy achievements, including Safaricom's M-Pes
African start-ups to watch in 2017

African start-ups to watch in 2017

Internet, Startups, Technology
Africa is experiencing a perfect storm of young people, maturing education systems & business start ups, and growing mobile phone services and use. Disrupt Africa highlights the most potential startups to watch in 2017 and listed among them is Instabug.  Launched in 2012, Egypt’s Instabug isn’t exactly new to the scene. However, 2016 saw the startup up its game, come out of a four-year beta phase, and make some serious waves. Instabug allows users to offer feedback from within apps to report bugs and issues with the product. Tunisia’s RoamSmart’s solutions launched in 2012 aim to assist mobile operators to manage their roaming businesses more efficiently; helping operators to optimise workflows and monetise existing roaming sources through an automated data reporting and analy
Africa’s first grid-connected biogas plant powers up

Africa’s first grid-connected biogas plant powers up

Startups, Technology
The energy sector in Kenya is largely dominated by petroleum and electricity, with wood fuel providing the basic energy needs of the rural communities, urban poor, and the informal sector including. An analysis of the national energy shows heavy dependency on wood fuel and other biomass that account for 68% of the total energy consumption (petroleum 22%, electricity 9%, others account for 1%). A commercial farm in Kenya has become Africa’s first electricity producer powered by biogas to sell surplus electricity to the national grid, cutting the carbon emissions associated with oil-powered generation. The Gorge Farm Energy Park in Naivasha produces 2 megawatts (MW) of electricity – more than enough to cultivate its 706 hectares (1,740 acres) of vegetables and flowers, and with
Taxify reduces its prices by 15% to take on Little & Uber in Nairobi

Taxify reduces its prices by 15% to take on Little & Uber in Nairobi

Startups, Technology
The rise of Uber has given rise to numerous ride-sharing competitors. Uber was the first firm to use a smartphone app to pair riders and drivers with each other but here in Nairobi they aren’t the only service offering rides by way of an app. Taxify, the latest ride-hailing app in the Kenyan market has reduced its prices by 15% in a move aimed at taking on Mondo, Uber and Little in Nairobi, as the new year jets in. According to the firm, the reduction will help both drivers and passengers as the 15% price reduction will see clients pay the lowest taxi fares ever experienced in Kenya, with no negative effect to the drivers. TechMoran reports that drivers on the other hand, stand to gain all the more by serving happier clients, and receiving 15% more per ride to counter the 1