Saturday, January 20

Entrepreneurs

This is the entrepreneur category

How Solar Is Creating African Entrepreneurs

How Solar Is Creating African Entrepreneurs

Africa, Entrepreneurs, Whats Hot
Access to power is a major issue in Africa, and in solar, many people feel they have the solution. Yet solar is doing more than switching on off-grid populations, and providing a potentially lucrative and investor friendly business opportunities to companies like M-KOPA Solar and BBOXX. It is also helping to create a middleman later of “solarpreneurs”, offering people the chance to make revenues by offering people in disconnected areas solar services. One such company doing this is Rwandan hardware-as-a-service company ARED, which is empowering local people with a “business in a box” solar kiosk platform that enables them to start their own businesses by charging phones and selling virtual top-ups. Launched in January 2013, ARED is focused primarily on women and disabled indivi
Startup Development In Nigeria 2017 -Top 5

Startup Development In Nigeria 2017 -Top 5

Africa, Entrepreneurs, Whats Hot
Another landmark year in the development of the Nigerian tech startup space, with the huge Andela funding round probably the standout moment. Yet much more than that happened in 2017. Disrupt Africa wraps up the best bits. Andela’s landmark funding round How could we start with anything else? Coding school Andela announced in October it had secured US$40 million in Series C funding from a host of investors, taking its total venture funding to over US$80 million. The round was led by pan-African firm CRE Venture Capital (catch up with co-founder Pule Taukobong here), and will be used to fuel Andela’s pan-African expansion. A quick mention too for former Andela co-founder Iyinoluwa Aboyeji, whose new venture – payments startup Flutterwave – secured funding of its own in Au
Start Business With Your Own Money Says Nairobi Based Entrepreneur

Start Business With Your Own Money Says Nairobi Based Entrepreneur

Africa, Editorial, Start-ups
 Start Business at 20, Audrey Cheng (age 24), founder and CEO of Moringa School, a training institution for software developers, based in Nairobi, Kenya. Audrey got featured on Finding Impact Podcast (FIP). FIP is a weekly series where Andy Narracott (@AndyNarracott) has conversations with people moving the needle in social enterprise. Each episode discusses strategy, tactics and practical advice to help you build your own venture. Many start-ups seek investment or grants to fund their operations. But Cheng, who previously worked at early-stage investor Savannah Fund, decided to bootstrap Moringa School by using her own money, particularly during the first few years. In this (slightly-edited) excerpt, she explains the reasons for following this route. “What I realised pretty earl
How Andela became one of Africa’s most funded startups ever

How Andela became one of Africa’s most funded startups ever

Africa, Start-ups
Andela's country director “Find an investor who supplies not only capital, but strategic support. An investor that genuinely understands your vision, as well as how to build a company like yours, and then grow together.” This advice to African startups comes from Seni Sulyman, country director of Andela Nigeria. It is worth taking, as Andela this week became one of the most funded African startups ever, to the tune of over US$80 million. The pan-African coding school announced this week it had secured US$40 million in Series C funding from a host of investors in a landmark round, adding to the US$24 million Series B funding round led by the Chan Zuckerberg Initiative in June of last year and previous capital raised. Sulyman said money was not the only consideration, however, a
Jumia launches Nigerian entrepreneurship competition

Jumia launches Nigerian entrepreneurship competition

Africa, Start-ups
E-commerce company Jumia Nigeria has launched a competition targeted at startups and entrepreneurs who are developing unique digital applications and smart solutions to solve tangible consumer or business problems in Nigeria. Jumia, which ran a pan-African entrepreneurship competition with mobile operator MTN last year, is offering entrepreneurs the chance to pitch their solutions via social media for the chance to secure NGN1 million (US$2,800) in funding. To participate, interested parties are required to post a 60-second video explaining what their business is about on social media using the hashtags #JumiaSuperStartup and #GrowYourHustle. “Nigeria is a country of promise, and we are optimistic that through the startup space we will be able to help fulfil this promise by de
The startup caring for Africa’s elderly population

The startup caring for Africa’s elderly population

Start-ups, Whats Hot
Africa’s elderly population is growing. As everywhere in the world, their families often struggle to cope with providing proper care and companionship.  This is where Nigerian startup Greymate Care enters the scene, with its mission to take the stress out of home care. Launched in October last year by two female entrepreneurs with medical backgrounds, Chika Madubuko and Ogochukwu Obi, Greymate Care operates an online platform linking vetted caregivers with families in need of support for their elderly or disabled relatives. Users can book intensive nursing for a period of illness, regular help in dealing with everyday tasks, or just a visitor to provide companionship to an elderly relative while the family is at work. “There are currently 35 million citizens above the age of 5
Rwandan startup EarthEnable wins $600k global challenge

Rwandan startup EarthEnable wins $600k global challenge

Start-ups
Rwandan startup EarthEnable has been named the winner of the Postcode Lottery Green Challenge 2017, walking away with EUR500,000 (US$600,000) in prize money. Disrupt Africa reported last month EarthEnable, alongside fellow Rwandan startup ARED, was one of five finalists selected for the annual Postcode Lottery Green Challenge, one of the largest annual international competitions in the field of sustainability innovation. During the final, EarthEnable co-founder Gayatri Datar impressed the international jury with her sustainable alternative for cement to replace dirt floors, and walked away with a cheque for EUR500,000 to further develop her green innovation. “Being proclaimed as winner out of 515 entries is unbelievable! This is a really important strategic endorsement for us. Wit
Vodafone, Google and Facebook support 1,000 start-ups

Vodafone, Google and Facebook support 1,000 start-ups

Start-ups, Whats Hot
Vodafone Ghana has partnered Facebook and Google to register 1,000 small scale businesses online. The move is part of efforts to equip SMEs to take advantage of the benefits of social media in becoming successful entities. The initiative is one of the key activities of the Social Media Week event in Accra, assembled 200 online agents this week to embark on a market storm to sign up companies in Makola, Circle, Madina and other market places on Facebook and the Google directory. The Social Media Week, organised by Echo House, is the first of its kind in Ghana, and also seeks to empower small businesses to use the internet as a cheaper means of reaching out to their target market. Yolanda Cuba, Chief Executive Officer of Vodafone Ghana said: ‘’At Vodafone, our focus remains c
Founders of Mama Rocks Discuss Their African Gourmet Burger and Taking it Global

Founders of Mama Rocks Discuss Their African Gourmet Burger and Taking it Global

Entrepreneurs, Whats Hot
A passion for great food and a gap between fast food and high-end dining in the Kenyan restaurant space motivated the Mwedekeli sisters to found Mama Rocks, a casual dining concept that pioneered an afro-cool food truck in the Nairobi street food scene. Influenced by the burger phenomenon that in the recent past swept London where they grew up, Samantha and Natalie have formed a range of gourmet burgers and special sauces. Gourmet is synonymous with high quality foods made with passion, using rich and distinct flavours and their exciting menu is true to this. Mama Rocks Gourmet Burgers are made with a bigger beef patty than the ‘ordinary’ and highly-processed fast food burger, using specific beef cuts and expensive bread. All the ingredients they use to make their burgers and sauces
Startup: Lagos Startup Week set for September

Startup: Lagos Startup Week set for September

Opportunities, Start-ups
Lagos Startup Week is to take place for the third consecutive year in September, with over 60 events to be hosted over the course of the week celebrating the city’s startup ecosystem. Disrupt Africa reported in 2015 the first ever African version of the global Startup* Week event launched in Lagos, Nigeria, bringing together entrepreneurs and small business owners in a range of sessions, including keynotes, panels and meetups. The inaugural event saw over 1,000 entrepreneurs attend, prompting the return of the event the following year. This year, Lagos Startup* Week will take place for the third year running, between September 25 and 29; taking the theme of “Visionary”. The organiser said the event provides an opportunity to bring the growing entrepreneurial community in La