Tag: Startups

Andela to lay off 400 staff across Africa, confirms $50M in revenue

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Andela

Africa-focused tech talent accelerator Andela will cut 400 junior engineers across Kenya, Uganda and Nigeria, Chief executive and co-founder Jeremy Johnson said the move will impact junior engineers as the company focuses on boosting its senior talent. “This shift in demand also means that we now have more junior talent than we are able to place,” he said in a statement. “This is a challenge for the business, and for these junior engineers who want and deserve authentic work experiences that we are not able to provide.” Approximately 250 junior…

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Startups and Partnerships, EurAfrican Forum enables cross pollination of ideas: Dr. Precious Lunga – Baobab Circle

Search Results Featured snippet from the web Dr. Precious Lunga is CEO and Co-Founder of Baobab Circle, a health technology company delivering innovative health solutions via phones across Africa. She will be joining the 2nd edition of the EurAfrican Forum in Portugal as a speaker.

Dr. Precious Lunga, CEO and Co-Founder of Baobab Circle, will be joining the 2nd edition of the EurAfrican Forum in Portugal as a speaker, taking place on July 4-5. The EurAfrican Forum exists to explore and promote the power of diasporas as a connecting force between cities, regions and continents, between cultures, companies and people. It is an action-oriented gathering of leaders that aims to foster stronger collaboration between Europe and Africa to promote a shared green and inclusive growth for the two continents, fostering mechanisms for collaboration and creating…

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Co-operation between international tech sectors is better for everyone

Brex

Technological co-operation between firms can be essential to boosting successful innovative businesses by creating networks of knowledge flows.  International cooperation and collaboration between individuals, businesses and sectors has been central to the sector’s runaway growth in the tech industry. In London, a start-up can find success by working with skilled European workers backed by capital from Asian investors. The same can be said for any major tech cluster around the world. There is evidence to highlight the importance of technology collaboration for innovative businesses. For instance, Winters and Stam (2007),…

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Andela Receives $24 Million From The Chan Zuckerberg Initiative

Dianne Jacobs
Andela

Andela announced yesterday that it had banked $24 million in a round that was led by the Chan Zuckerberg Initiative, which is Mark Zuckerberg and Priscilla Chan’s fund. Additionally, Andela had also received a new investor, GV( formerly known as Google Ventures, CNN Money reports. Andela is a startup that trains Africa software developers and places them in international companies such as Google and IBM. Currently it has offices in Lagos and in Nairobi. The selection of software developers is rigorous and very selective. Applicants are taken through skills and…

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MIT Global Startup Lab Program Applications Are Now Open

MIT

The MIT Global Startup Labs Program is headed to South Africa and  tech entrepreneurs, both new and established have until the end of May to submit their new and innovative tech ideas. The joint initiative by MIT, WITS University and the Johannesburg Center for Software Engineering (JCSE) will see students gain first hand experience in the entire process of developing tech startups. Since 2000, MIT Global Startup Labs has been sending over 150 MIT instructors to teach over 2,000 students in 14 countries through partnerships with universities in emerging regions.…

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2016 Innotribe Startup Challenge Winners Announced

Innotribe

The winners of the 2016 Innotribe Startup Challenge were announced yesterday in Mauritius. The winners were South Africa’s Hello Paisa, a low cost international money transfer solution and The Sun Exchange, which deals with crowd lending for solar energy and Cameroon’s WeCashUp, that deals with mobile money transfer across Africa. The three each received a 10,000 USD cash prize. They also received invitations to attend Sibos, SWIFT’s annual global financial services conference that will take place in Geneva from the 26th to the 29th of September, techmoran reports. Sido Bestani,…

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