The Technology Innovation Agency and Sedfa commit to invest in SA’s start-up and SMME ecosystem. Two entities of the departments of small business and science and technology have joined forces, to create a more integrated and supportive environment for innovators and small, micro and medium enterprises (SMMEs) across SA. The memorandum of understanding (MOU), signed…
Local start-ups continue to encounter hindrances in accessing equity investment. Funding limitations within South Africa’s venture capital (VC) ecosystem have once again been thrust into the spotlight, with an executive openly stating it is undercapitalised. Patrick Krappie, executive: innovation enabling at the Technology Innovation Agency (TIA), made the comments at a recent roundtable engagement it…
In a move aimed at strengthening Africa’s digital infrastructure and sovereignty in artificial intelligence, four technology companies from Australia, Nigeria, the UAE and the Netherlands have signed a Memorandum of Understanding (MoU) to establish AfricAI, a multinational joint venture dedicated to building enterprise-grade AI solutions tailored to African markets. Nigeria has been selected as the…
Southern Africa’s venture capital sector closed off 2024 with R13.35 billion in active investments across 1 325 deals. For the third consecutive year, ICT-focused start-ups continued to attract the lion’s share of venture capital (VC), accounting for nearly two-thirds of total investment. This, as data shows Southern Africa’s VC sector closed off 2024 with R13.35…
Hiruy Amanuel, co-founder, Gullit VC Partner Content After years of rapid expansion, the continent’s startup ecosystem is now adapting to a more measured pace, with investors emphasising sustainable business models and long-term value creation. According to the African Private Equity and Venture Capital Association (AVCA), total funding for African startups declined by 46% in 2023…
