US accelerator TechStars believes Kenya's Bamba Group could be the next AirBnB or Dropbox within the next five years. The experts will put Bamba through intensive training in Austin, Texas, and give them a cash investment to fast-track their growth.
The premise of a relatively new asset class, venture capital companies (VCCs) is that investors get tax benefits and strong returns. Clive Butkow, chief investment officer, recently launched Grotech, where investors are entitled to deduct the full amount of their investment from their taxable income in the tax year ending 28 February 2016. The tax relief is 41% for individuals and trusts and 28% for companies which mitigates the investment risk and significantly enhances the potential return.
Founded in 2001, seven years after its two biggest competitors, Cell C is still largely a new kid on the block. However, in its stand against the regulation of OTT services like Whatsapp, it has drawn a line in the sand, with Vodacom and MTN on one side and itself, OTTs and the South African consumer on the other. To understand why it makes perfect sense for Cell C to do this, you have to understand the industry that it is operating in.
Unearthed hosted its first international Hackathon this past weekend in Cape Town where 100+ entrepreneurs and innovators came together to prototype solutions to industry challenges from De Beers and Anglo American. 17 teams were formed with each team spending over 54 hours attempting to solve one of five different challenges by developing an innovative solution.
KaChing, the new cashless, ticketless, user-friendly parking app may take the hassle out of parking using license plate recognition (LPR) technology. KaChing, which officially launches today, uses LPR technology to open the boom when users arrive at and leave a parking lot, and automatically deducts the parking fee from their credit cards or pre-paid accounts.
Abu Dhabi headquartered telecoms company Etisalat is suing MTN for the second time in under a year in Nigeria. Etisalat confirmed to Bloomberg that it is suing MTN over the latter's purchase of Nigerian internet provider Visafone Communications.
Today, 9 February 2016, is 'Safer Internet Day, which has the theme 'Play Your Part for a Better Internet'.
Mercantile Bank has partnered with mobile transaction solutions provider, wiGroup, to develop an app that will enable entrepreneurs to earn and redeem points at till points of most major retailers using QR code technology.
ttrumpet - the white label over-the-top (OTT) service provider - now brings 'Community Channels' - a new dimension to the platform by using mobility and OTT to make communities and business owners feel safer.
BusinessTech has shown exceptional growth over the last year, and is now one of only two business websites with over one million visitors
The mobile payment space is an exciting one right now; and with on-demand services like UBER and Netflix gaining constant popularity the demand for online payment services is set to soar. The overriding concern however is security.