Browsing: Tech start-ups

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Boost for African tech start-ups as new $100 million impact fund announced by Salesforce Ventures

Africa

Salesforce Ventures has announced a second impact investment fund amounting to $100 million dollars. Salesforce Ventures is the investment arm of Salesforce, a company involved in customer relationship management. The fund is the second to come from the company after an initial $50 million impact fund which was launched in 2017.

The funds are earmarked for supporting start-up companies mainly in the technology sphere and cloud-related services. Within this grouping, the focus on the fund is on companies showing a measurable impact on social arenas such as education. The funds also serve start-ups with an environmental impact.

Salesforce ventures drive to promote values of sustainability and social responsibility is expected to see it investing in companies that provide solutions to the challenges affecting the world. Acknowledging the unprecedented nature of the challenges impacting the world including COVID-19, climate change, and racial injustice, Salesforce Ventures said it will continue to invest …

Success behind Kenya attracting tech start-up investment 

Small Business

Technology is changing the way people live and in Africa, innovators are living on the edge to create solutions for everyday problems and challenges. 

As the Silicon Savannah, Kenya has stood out not only because of its innovations but also due to the attraction that it has become to investors. 

In early October, Kenya was ranked alongside Singapore, the Republic of Korea, Brazil and Israel as a country that is an innovation hotspot attracting entrepreneurs and start-ups from around the globe. 

The World Economic Forum (WEF) has featured these five countries based on how each government has developed policies to support the tech ecosystem within their jurisdiction. 

For perspective, the start-up scene on the continent has been progressively dynamic over the years where the total investment in start-ups in Africa crossed the US$2 billion mark in 2019. 

Africa is witnessing a growing population which is increasingly adopting the use of

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