Business

UCOOK Partners With WeChat To Bring Mobile Payments To Users

0

South African food delivery startup UCOOK, a fast-growing e-food delivery service in Cape Town that provides fresh, gourmet food kits directly to a user’s door, has partnered messaging app WeChat to allow users to order food from UCOOK and make payments using WeChat.

This partnership is facilitated by WeChat wallet. The Wallet allows WeChat users a variety of safe and secure transactions or purchases using their mobile phones.

Customers can top up their wallets with cash. With this cash, new and existing UCOOK customers buying through the UCOOK official account on WeChat can pay for their order and will also receive 50 percent off their first box.

Since 2016, WeChat has worked with various South African companies, such as OrderIn, picup and FitKey, and also launched a fund for African tech startups.

Nairobi Sees 22% Boost in Domestic Air Travel Capacity as Compared to other African Cities

0

Nairobi is the only city in Africa whose airports are recording higher growth for domestic capacity than that of international capacity, with a 22% boost. This is according to a new report by ForwardKeys, which compares Nairobi’s trend to most of the other top 10 African Airports ranked by total scheduled capacity for August to December 2017, which are seeing more growth in international than in domestic capacity.

The report, whose special focus is on the East African Community (EAC), further indicates that Nairobi’s airports have a total scheduled capacity (August to December 2017) of 18% in domestic seats, 31% in long-haul international seats, and a 51% capacity in intra-Africa international seats. Of these, Jomo Kenyatta International Airport’s scheduled capacity is 13% and 5% long-haul and intra-Africa international seats respectively within the same period under review.

Generally, the wider analysis of the report on travel to Africa shows EAC destinations received a strong growth of 14.3% for 2017 year to date.

Collectively, the entire African continent continues to record positive performance, welcoming an increase in international arrivals of 14% in 2017 year to date. In a parallel report by the International Air Transport Association (IATA), global passenger traffic data for June shows that demand (measured in total revenue passenger kilometers) increased by 7.8% compared to 2016, and from May’s record of 7.7% growth. All regions, according to IATA, reported growth.

Patasente Inc is Changing the Game in Credit Financing

0

Patasente, founded by George W Bakka is a supply chain financing platform that enables people guarantee or to businesses in East Africa. Entrepreneurs get working capital loans to grow their revenues, and lenders finance the loans by buying a range of interest bearing promissory notes to earn extra incomes.

Unlike traditional banking institutions that offer credit based on physical immovable collateral, they instead base their decisions on the credit score ratings of their customers. They also provide financing that enables entrepreneurs to move goods and services to customers who need them most.

Let’s say that Jojus Logistics Ltd gets a USD 10,000 contract to supply food-maize flour to St Mary’s College, and needs USD 5,000 loan at 5% interest to deliver. 10 lenders can each buy notes worth USD 50 to collect the entire amount which then advanced to the entrepreneur. Once St Mary’s pays the client, all lenders are paid back with interest.

To date, 33 lenders have lent out $ 68,710 to 66 businesses with contracts worth $ 196,470. An example of their impact as a business is through one of many companies, Jojus Logistics, which is a commodity trading company that sources agricultural produce-maize and beans from rural farmers to sell to local and regional markets. His only limitation was capital to impact his suppliers and meet his clients. To date, Jojus has borrowed and paid back over $ 30,000 through LPO and Discounted Invoice financing, impacted over 300 small holder farmers and created 7 jobs. Through Jojus we are looking to expand our finance service offering to over 10,000 farmers in East and North Uganda.

Their goal is to further grow Patasente into Africa’s #1 Credit Marketplace. Unlike other platforms, Patasente enables entrepreneurs to access loans to finance lorchase orders, discount invoices and acquire assets. Investors finance these loans by buying promissory notes with 30-365 maturity days to earn solid competitive returns. Their next steps are to 1) Complete development of a robust secure web and mobile application 2) Raise internal funding to finance 50% of the loans on the platform 3) Grow our market base to profitability.

For more information click here.

Three Ways to Start a Side Business Using Your Skills

0

In this day and age you need more than just the income you make from your 9-5 job. It wouldn’t hurt to enjoy some extra money either way. If you have experiences or knowledge that may be of interest to people out there, then you could use this to your advantage. Here are three things you can do to make some extra income;

1. Freelancing

If you’ve built up a set of marketable skills throughout your career and at your day job, you should consider the idea of starting a freelance business on the side.

There’s a rapidly market demand for talented freelance help.

This also applies to those whose skills include writing, designing, developing, marketing, social media management, or any other high-demand digital skill, then you’re in a great position to start bringing on freelance clients.

2. Blogging

This is a rather fun way of starting a side business, with my very own here. Albeit a very long term investment, starting a blog and building up a loyal audience of regular readers can take a while. If you’re comfortable with the potential that it may very well take you years to start earning a decent income.

3. Online Teaching or Online Courses

If you have a particular skill that others want to possess or improve in, then there’s a market for being paid to coach people, one-on-one, into an accelerated learning experience. To make it easier to find an audience, there are various online coaching websites like Savvy and Clarity.fm which come with a built-in community of people looking to work on various different types of skills.

If you’d like to take it a step further and start your own online course, it may take more investment on your time, considering the content you need to provide on a relatively good platform. However, you may be able to monetize it further. Websites such as Teachable are also helpful at launching an online course business.

South Africa’s WDB Investment Holdings Now Majority Shareholder In Seed Engine As It Increases Stake To 51%

0

WDB Investment Holdings has increased its stake in Seed Engine (incorporating Seed Academy and the WDB Seed Fund) from 35% to 51%, officially confirming Seed Engine as a proudly 51% black women owned company. Venture capital company Grovest is Seed Engine’s second major shareholder with a 30% stake. The increased share underscores the long-standing relationship between WDB and Seed Engine and their joint commitment to the transformation of the South African economy through the development of black women and youth entrepreneurs.

The WDB Seed Fund provides access to funds, markets, high-level mentorship and business support to investee companies, whilst simultaneously offering significant tax benefits for corporate and individual investors.

WDB, incorporating the WDB Trust and WDB Investment Holdings, has a 25-year track record of delivering high-impact socio-economic programmes dedicated to increasing the participation of women in the South African economy. Faith Khanyile, CEO of WDB Investment Holdings says the partnership serves both the business and social agenda of WDB in promoting true socio-economic transformation to ensure women are economically self-reliant. “WDBIH’s increased investment in Seed Engine comes from a well-established strategic partnership and we are confident that our shared vision will continue to provide strong leadership and advocacy for female entrepreneurs.”

Khanyile adds that the creation of more business opportunities for women is of vital importance which led WDB to increase its stake to 51%. “We are fully confident that our mission of ensuring, even more, women are equipped to compete successfully in the South African economy will come to full fruition. The fact that women entrepreneurs are currently underrepresented in relation to the population is something we aim to change one success story at a time.”

Seed Engine incorporates Seed Academy, an entrepreneur activation business, as well as the WDB Seed Fund, a Section 12J fund focused on growth-stage businesses. Donna Rachelson, CEO of Seed Engine, says WDB’s impeccable track record of fast-tracking women entrepreneurs speaks for itself. “We know that growing entrepreneurship is one of the biggest challenges facing our country. We also know that the development of women entrepreneurs is an even greater challenge as only one in three entrepreneurs are women and only 38% of black women owned businesses are formally funded. WDB and Seed Engine are focused on making a meaningful impact by supporting entrepreneurs who are resilient and able to build sustainable businesses that create jobs,” explains Rachelson.

“Constructively engaging women entrepreneurs is critical to supporting economic growth. Women entrepreneurs support and uplift their families, their communities, and have the power to profoundly uplift South Africa as a whole,” says Rachelson.

This transaction also comes at the recent conclusion of the inaugural and highly successful AccelerateHer programme, a three-month business accelerator for female entrepreneurs – a joint initiative of WDB and Seed Academy which creates a pipeline for the WDB Seed Fund.

FIRS, eTranzact Launch PayFIRS.net to help Government Reach N5 trillion tax collection Target for 2017

0

Premier e-payments solution provider, eTranzact International PLC in partnership with the Federal Inland revenue service (FIRS) at an event in Lagos launched a new payment gateway www.payfirs.net to boost tax collection and ensure transparency as part of the mandate to collect N4.89 trillion for 2017.

Payfirs.net allows a taxpayer to pay online or at a bank branch, print receipts and credit notes, track withholding tax payments by partners, verify company details and other services essential to tax collection.

In addition to its custom features, it also has a self-policing feature that removes the complexity of administering certain tax types like withholding tax.

 

The platform which was first deployed to partners earlier in the year has already attracted a significant increase in collections for FIRS allowing it to be opened up to more organisations.

In attendance at the event were the Chairman of FIRS, Mr Tunde Fowler, CEO of eTranzact, Mr Valentine Obi as well as bank units heads responsible for collections.

Speaking about the platform, Chairman of FIRS, Mr Tunde Fowler said he was excited about how the platform would help simplify tax collection for the country. He charged the banks to ensure massive adoption by them and customers as they have a huge responsibility in the value chain.

Also speaking about the benefits of the platform, Mr Valentine Obi, CEO of eTranzact talked about the unique features which had come from a deep analysis of the entire tax value chain to eliminate barriers to efficient tax collection and payment in Nigeria.

He also explained how the online gateway payment technology and BANKIT payment innovation, have created a tax collection system that is simple to understand and easy to administer in addition to being highly transparent.

 

Tiwale Seeks to Empower Malawian Women by Providing them with Economic Opportunities

0

Malawi is the world’s poorest country by per capita GDP. Most families cannot afford to finance their children’s education which can cost up to $30 or more annually. Only 33% of secondary school aged children are attending school. From this 33%, only 42% are girls. Most girls marry early in exchange for dowry; payment from the husband’s family.

With the infrequency of social mobility in Malawi, daughters and her daughter’s daughter often face the same fate: early marriage and insufficient schooling. Over time this vicious cycle has created a substantial population of women who are under-educated, jobless and facing extreme poverty.

Tiwale which means “let us shine/glow” in Chichewa, was set up as a youth-led community based organization to empower Malawian women by providing economic opportunities through leadership workshops, micro-finance loans, vocational skills training, and education grants.

Ellen, the founder of the organization, has been a budding entrepreneur since her pre-teen years. She is trying to change the difficult circumstances of women in Malawi who deal with low primary school completion rates, low socio-economic status, higher than average rates of HIV and AIDS, and one of the world’s highest rates of maternal mortality through her for-profit social enterprise, Tiwale.

Tiwale started with a team of five young people between 14 and 19 years old in January, 2012. The project commenced with a business education program that was to be followed by micro-loans. The first loan program aided 12 women to start businesses. To date, this venture has trained 150 women as entrepreneurs, guided 40 women to start businesses via micro-loans and has allowed 30 women to undergo a vocational skills training program. While also offering grants, loans and lessons that can lead to empowerment and independence.

Ellen’s enterprise has had its fair share of victories including winning the Ashoka’s Future Forward: Youth Innovations for Employment in Africa challenge. One of the Tiwale organization projects are to train women to do traditional fabric dye-printing. Some of the revenue from the sale of women’s handiwork is used to fund other programs offered by the organization that give women opportunities for self-sufficiency. These programs include a  school grant program that covers fees, transportation costs, school supplies, and offers a small living stipend, plus the flagship microfinance loan program.

Considering that many women in Malawi do wear African-styled fabrics, and yet most fabrics are imported, Tiwali introduced the dye-printing skill to the women of Ntsiriza community. The Design Project involves a group of 30 women undergoing a dye-print training program for a week. The women then work with their teacher to produce various patterns (usually ten). The patterns are dyed onto fabrics which are sold through our organization. 60% of the profit goes to the women who created the fabrics and the other 40 percent supports our organization’s initiatives such as our school grants program.

She received USD $1,500 in unrestricted funding to be used towards the implementation of her work described and an all-expenses-paid trip to the Ashoka Changemakers Day on Youth Employment in Africa, which had kicked-off at the Globalizer Summit in Cape Town, South Africa, in February. There, they received training and support.

Furthermore, to grow their efforts at providing economic opportunities for Malawian women, Tiwale had acquired a plot of land to construct an education center which would provide secondary school education classes and further vocational skills training for the women of Ntsiriza Community, Malawi, set to have been completed by the beginning of this year.

For more information click here.

 

Entrepreneurs Need to Improve on These 5 Skills if they Want to Suceed

0

Many business owners have made their business-related plans for what they want to accomplish this year. However, to achieve these plans, one needs to invest in themselves and sharpen their skills. The following skills in particular are crucial to ensure success:

  • Communication

Whether it’s your employees or customers, there should always be fluid communication. It could be through phone, email, WhatsApp group, etc. Ensure there is a constant stream of communication, to ensure you can track whether either your employees are working accordingly or that your customers are happy with your product or service.

Also it’s important to ensure that the message you send through your website and social-media profiles is the one you want.

Any business can go quickly south without proper communication, while effective communication can positively impact and grow a company.  Many experts and psychologists even believe that communication is the most important skill an entrepreneur can learn.

Even if you’re not a skilled communicator, paying attention to how people react to you can clue you in to how well (or not) you’re reaching them. Getting puzzled looks whenever you speak? Ask the person you’re talking to if what you said makes sense, and give them the opportunity to ask for clarification.

  • Personal Branding

A sub-topic of communication, the new currency is your personal brand. This is the message about yourself, as gathered from your online presence, professional reputation, circle of influence and the trust you command from peers, followers, customers, employers and general public.

For example, revisit Steve Job’s keynote speeches and marketing tag lines, you’ll immediately understand how he turned Apple into one of the world’s most valuable companies.

You need to learn how to grow a reputable brand and understand how to do that online. Branding starts with being active on social media, and is shaped through content publication, whether on or off your website. Poor content leads to negative branding, while quality content will bring more customers.

  • Financial Management

Your parents always told you to save a bit of what you have. This is something we’ve all heard from somewhere one point in our lives as we grew up. While growing your business this is also a necessary skill. Lack of the ability to manage finances exposes you to the risk of becoming unsustainable, consequences include bankruptcy, regret and probably needing to  go back to a full-time job.

Develop a plan, and discipline yourself regarding savings and investments.

· Sales

If you can’t sell your products or services, then you have no business to begin with. The one skill that keeps the lights on in your business is sales. Most occupations require the skills to sell, whether it’s an artist, a writer, etc. If you need funding, you have to sell your idea to investors.

If you run a business, you’re involved in sales. You do this while pitching your business, negotiating with a vendor, or persuading any partnership or anything really. Even if you have hired sales people, you’ll need to learn the skill yourself.

· Relationship Building

Probably the most fun part, possibly. Get out there and make friends and beneficial relationships. In our highly connected world, ‘introverts’ may never get far. You’ll need people to make progress. From offering referrals, to giving endorsements, recommendations, your network of people the your most valuable resource; your network is your net worth.

 

JumpStart is an Educational Program that teaches 15-19 Year Olds to Become Their Own Bosses

0

What if youths across Africa could learn entrepreneurial leadership skills by the time they leave school? Across Africa, students leave school without the basic learning skills that they, and their countries, desperately need to escape the gravitational pull of mass poverty. This explains why even though Africa is the most youthful continent in the world, 70% of the working-age population is unemployed.

JumpStart Academy Africa is an impact social venture which seeks to solve Africa’s human capital problem by providing secondary school students between the ages of 15 and 19 with entrepreneurial leadership training.

Using the principles of ethical leadership and entrepreneurship, Jumpstart Academy Africa is teaching secondary school students 21st century skills so that they can innovate across different sectors. We teach students to be job creators as opposed to the old rhetoric of job seekers.

Jumpstart Academy’s Adopt-A-School Program has 3 main components. First, a 2 year Leadership and Entrepreneurship training enables students to cultivate 21st century skills, with an emphasis on employment opportunities, enterprise creation, community engagement and civic responsibility. Second, Jumpstart Academy offers mentoring in which students are paired with university students and professionals who guide them through the transition from secondary to tertiary education environments and support through the challenges they face in starting enterprises and community initiatives as well as in their personal lives. Finally, tutoring sessions improve learning outcomes of students measured by performance at school and national examinations

Founded by Madelle Kangha, in 2014, JumpStart Academy Africa has trained over 500 students, impacting them in the areas of Academic Excellence, Civic Engagement and Enterprise Creation. The Academy has also reached over 5000 students through community outreach programs and summer camps.

Their goal however is to reach over 17,000 young people in and they have a strategic top down approach with a goal to advocate local government to incorporate components of their model into the national education system by 2020. They believe governments have a key role to play in transforming the education system and they are already building partnerships and networks with the local government. They have already had several meetings with the Commissioner of Education for Oyo State who has endorsed their work officially.

In recognition of her work with JumpStart Academy Africa, Madelle has been featured by Forbes as “Innovative Africans fixing a broken Education System”. She has also received awards and recognition from the Queens Young Leaders, American Express Emerging Innovators, Ashoka Changemakers, One Young World and Vital Voices. She was recently named as one of the 50 Most Influential Young Cameroonians 2016 by Avance Media Africa in the Personal Development & Academia Category.

Madelle’s vision is to be a leading social entrepreneur, a mass recruiter of local change makers; a role model proving that citizens who channel their passion into action can achieve the impossible.

Tips on Staying Employed as You Embark on Your Startup

0

“I quit”, these are golden words that you dream of telling your employer so you can go out and start your own thing.

But according to a new study published in The Academy of Management Journal, if you jump ship too early, you could be setting yourself up for failure.

Professors Joseph Raffiee and Jie Feng at the University of Wisconsin-Madison found that “hybrid” entrepreneurs, those who maintain their regular gig and while launching their new ventures in stages, are less likely to fail than those who jump in sans safety net.

If you’re not convinced, starting your business while you’re still employed would allow to enjoy the best of both worlds. A stable, dependable source of income will give you much more confidence in testing the waters with a new business that usually has a high likelihood of failure in the first year.

As you proceed to take baby steps to achieving a booming business, ensure to take note of the following advice:

  • Save: Save cash you’re earning from your side hustle. This will sustain you when you decide to dive into your business entirely. Also it may help cover further investments you may need to grow your side hustle over time. To do this be sure to put into place clear spending and budgetary guidelines for your side business to make sure you’re not spending beyond your means.
  • Time is money:If you’re going to handle both your day job and side hustle, you’re going to need to organize your time. Decide what’s really important create a target list of all the responsibilities and activities you’ll be reducing or eliminating in order to make time for your business.
  • Get a Co-founder; Startups are tough, and they are even tougher when you try to do them alone. Having a good cofounder increases your chances of success. Cofounders add to your company’s skills, and help reduce on time.
  • Don’t take advantage of company property to capitalize on your side business; for example, using corporate computers or email systems to send any emails related to your side business.There should be no affiliation between your business and the company which you work for.
  • Choose the Right Business; Starting a business is like a marriage. Try to start a company in a sector you’re comfortable with, that you can see growth. If that’s not possible, think about a “try before you buy” arrangement where you “test things out” during your night and weekend work.
  • Don’t feel pressured to leave your day job as your business starts to gain traction; New businesses go through life cycles and some early wins do not necessarily mean you have a sustainable enterprise.
  • Once Your Business is Stable, don’t be afraid to leave your full time job; if its making profit that will enable you to live comfortably, then don’t remain stuck in your 9-5 job. Venture out, and continue to grow your business.

Disney To Launch Own Streaming Service In 2019 As It Ends Deal With Netflix

0

Disney has announced that it will remove its films from Netflix in 2019 and launch its own streaming service later that same year. The House of Mouse made the announcement during a recent earnings report.

It plans to introduce an ESPN-branded sports streaming service in 2018, with a general consumer service following the year later.

To launch its new service, Disney bought a 43-percent stake in BAMTech, which owns ESPN, for $1.58 billion. BAMTech is a company that focuses on direct-to-consumer streaming technology and marketing services, data analytics, and commerce management. This automatically raises Disney’s stake in the company to 75% having previously held a 33-percent stake in the company under an agreement that included an option to acquire a majority stake over several years.

Bob Iger, the CEO of Disney said: “The streaming services will give Disney much greater control over our own destiny in a rapidly changing market. The move is an entirely new growth strategy for the company.”

As a result of this decision, Disney will stop providing new movies to Netflix in 2019 and begin its own streaming service. The Disney-branded film and TV offering would include original content developed by Walt Disney Studios.

Netflix stock dropped following the announcement of the news.

LiquidSpace is the WallStreet of Coworking Hubs

0

Chris Ros, always felt that proclaiming to be an entrepreneur is probably the easiest part of being an entrepreneur. It’s a lot harder than it sounds. He had always loved the idea of being the innovative creator of a great business, but the fear of failure has kept him on the sidelines for most of his life. He eventually felt ready and got into the game.

He became the founder of LiquidSpace, a benchmark setting collaborative workspace or coworking space that provides independent online traders in financial markets a high-energy, resource-rich, success-promoting environment to come and apply their trading skills in financial markets within a community of like-minded traders. This collaborative working style fosters partnership, learning and communial success in a way that no trader will ever achieve when trading from a comfort-of-home environment. At LiquidSpace, every aspect has been taken care of; from lightning fast optic fibre internet, online financial news service, printing, training and best of all coffee.

The global market for independent online traders has seen significant growth over the last five years. Based in Cape Town, LiquidSpace will hold 88 physical spaces, requiring a mere 2% share of the localized Cape Town market to achieve capacity. The coworking memberships constitute but one of their revenue streams. The other revenue streams include commissions paid to them by trading brokers with whom they partner in terms of the volume of trades of clients that they refer to them. They have mentorship moments and training courses. The last three revenue streams are aimed at a significant global market of traders.

They are initially offering 40% equity for the investment of R 7 500 000 into their venture. It is imperative for a potential investor to understand that the equity offered does not only apply to Their pilot space based in Cape Town, but the investor will receive 40% of the annual profits of the entire operation. Their long-term plan includes the establishment of LiquidSpace branches in Johannesburg, Pretoria & Durban.

For more information click here.

Here’s an Email Communication Strategy That’ll Show Your Investors That Your Serious

0

Congratulations, you’ve convinced an investor to capitalize on your startup; however the next milestone is to ensure that you maintain good relations with the same in the hopes that they may fund you again. If you wait until you need to raise money again to talk to your investors, they may not take it too well.

You need to address them on progress occasionally, using various means, but one of most convenient and effective methods is by using email continuously. Once a month should be sufficient, preferably the founder should do the emailing. As a result this will send a message to them of your accountability.  This information is how they evaluate your performance and whether you’re worth pouring any more money into. Once the time comes when you may need more capital, then they’ll not only invest in you again, but they’ll connect you with other investors and serve as great references in the process.

You can do this by sending out a standard update email with the same format, while they may not always reply, rest assured they are reading and probably appreciate the update and progress of the startup. This is to say that if your startup isn’t doing too well, an email should still be sent out regularly.

To ensure that the email fulfills its purpose, you just need to follow a few basic rules:

  • Keep the format consistent. Use the same subject line so it’s easily searchable.
  • Keep it short. You want an email short enough for an investor to read just before he goes to bed.
  • Stick with the same categories and metrics. Identify the ones that matter most to your business, then compare this month’s stats with last month’s.
  • End with one or two “asks” at the bottom. Investors are always saying they want to be helpful, here’s how they can be.
  • Proofread; always ensure that your leaving a favorable last impression, so don’t be sloppy.

Here is a sample of how the email could look like;

Hello

[One-paragraph introduction sharing whatever your focus has been over the past month.]

Top priorities:

  • [Priority #1]
  • [Priority #2]
  • [Priority #3]

Product:
We’ve made [summary of latest updates].

Money in bank:

  • We have Kes[_____] in the bank. This gives us a runway of [__] months at our current burn rate.
  • [Any other relevant funding updates.]

KPIs:

  • Revenue last month: Kes[_____]
  • Revenue this month: Kes[_____]
  • [Other important metric last month]
  • [Other important metric this month]

Other updates:

  • [Big win #1]
  • [Press coverage #2]
  • [Other update #3]

[One ask for investors–in bold.]

With Kind Regards,
[Name]

 

Edves Suit Makes School Easier for Educators and Parents

0

Educators lose research time to manual recording and computation of result, parents now find it difficult to pay school fee to the bank due to increase in traffic and demanding tasks at work, school owners lose revenue and vital information to poor recording and students do not have access to alternative learning tools. These have created inefficiencies and that why African education is still backward.

Edves Catalyst is a bootcamp, created by Edves Limited with the support of World Bank Group, GEM Project, Ministry of Trade & Investment, and MainOne Cable Company to support Educators with information, mentoring and resources for free with the aim of reinventing Education in Africa. This programme was created for Educators in Primary and Secondary Schools in Africa.

Through Edves Catalyst, world-class Educators, outstanding business owners and excellent professionals from various fields would impact the Education system by collaborating with the Educators to exchange actionable ideas and trending information useful in raising the next generation.

Edves Suite, a School Management Software is one tool used to deliver on Edves Catalyst’s objectives. It operates in schools and colleges from student enrollment to graduation. Educators save cost and gain more time to teach and innovate. Parent track academic performance and pay school on-the-go. Students check results, attend to home works and interact with educative videos and games.

They have built and deployed Edves to over 70 schools in Nigeria. The system automates teaching, learning and administrative complexities such as school payment reminder SMS, sessional student academic and behavioural performance report, E-payment school fee, and more.

Some schools owners showed interest in Edves because it helps increase their schools’ revenue generation; teachers love Edves because result computation can now be done without error, and at the click of a button; parents also love Edves for making it easier to be in the loop of their child’s performance, see their assignments, pay school fee and even communicate better with the school.

Their goal is to automate and empower 1000 schools in 2017 with Edves, teachings from productive leaders in Education, Information Technology, Marketing and Nation Building. Every participating school will get Edves Basic (School Management Software) and other resources for free.

To that extent, 500 selected schools will receive free access to  Edves Catalyst Lagos Bootcamp, 1-term school acceleration programme, free Edves Basic (School Management Software for new subscribers), connection with Bankers for Loans, heavily discounted School branding service and other free resources from our partners.

Fresible Helps You Stand Out in Noisy Competitive Business Environments

0

Fresible Company Limited is based in Nigeria, with interests in ICT, events management, publicity/advertisement, marketing and entertainment. The company was formed in 2008 by Fred Oyetayo. Over the course of the years, the company has grown in leap and bounds and is now a recognizable name in the technology industry in Nigeria.

Claiming that they are the best website development agency in Nigeria, they have operational contacts in both major and minor cities in the country, such as, Ibadan, Osogbo, Ilorin, Ado-Ekiti, Akure, Kaduna, Port Harcourt and Abuja and they intend to reach more cities.

Notable Fresible subsidiaries include Law Repository, Cloud Lawyers, Fresible Developers, Fresible Culture, Fresible Events, Fresible Entertainment and Fresible Digital Marketing. Over the next few years the group is looking forward to diversifying into areas including Fashion and Apparel, Music, food processing, textiles, insurance, securities and retail. This is to ensure that they fulfil the sole purpose of the company.

They have successfully organized over 50 shows and developed over 100 websites and computer softwares. They have over 1 million cumulative social media followers on all their accounts and 5 dedicated full time staffs. They had also won a Federal Government of Nigeria grant.

With a wealth of creative experience in building and shaping brands’ online and offline presence, they can create your brand, build you a bespoke, responsive website and then help shape your brand with ongoing digital marketing.

Fresible Company Limited has a powerful social media influence with over 40% of Nigerian internet users subscribed to it various social media network. The company has also accrued for itself an upper class clientele list with the likes of Federal High Court, Aare Afe Babalola, Afe Babalola University Ado-Ekiti, Rexonna Nigeria and many more as some of its clients. This is evidence that the company is competent enough to meet the needs of all calibers of clients.

For more information click here.

 

 

Paystack Encourages Online Payments in Nigeria

0

Africa experiences millions of payments every day, but very few happen online. In Nigeria, just about 1% of transactions happen online. The country collected $150 billion in business revenues in 2015, although those transactions were mostly in shops and in physical business establishments. There are many barriers businesses need to face to accept payments online and that’s what Paystack is fixing.

Founded by Shola Akinlade and Ezra Olubi, paystack allows online retailers to offer customers virtually any payment option including paying by MasterCard, Visa, Verve, or directly from a banking account. Online Nigerian businesses can accept payments from anyone in the world. With Paystack, Nigerian businesses can add a significant amount of revenue through online transactions to its economy. Nigeria has a rapidly growing digital mobile economy. Online shopping and payments are expected to increase with 400 million more smartphone connections in Nigeria by 2020.

Paystack simplified the previously difficult customer experience, reduced integration time from an average of 3 weeks to less than 30 mins, and today they can boast of the best transaction success rates in the market.

Consumers do not need to sign up to use Paystack, all that is required is a Mastercard, Visa or Verve debit card to pay on Paystack merchant sites. Merchants on the other hand are required to sign up. However, in order to integrate Paystack to start receiving on their site, merchants will have to fill a “go live” request form to upload their business details for verification.

Depending on how well these details are presented, verified merchants can go live in a matter of minutes to several hours, because the process of verification is done manually. While this may take a bit of time, it is to ensure that compliance is carried out.

Concerning any fees, merchants are only charged on a per transaction basis. In addition to a flat rate of ₦100, between 1.9% and 3.9% of transaction value is deducted for local and international cards respectively. The ₦100 fee is however waived for transactions less than ₦2500.

Paystack’s mission is to transform and overhaul the interaction between business and consumers and to build a payments product for Africa to act as a catalyst for the continent’s online economy.

So far, it’s vision and objectives have been highly publicized. In December last year, Paystack has closed a US$1.3 million seed investment round, with participation from numerous international investors. Then earlier this year, it announced that it hit 1 billion Naira ($3.2 million) in monthly transaction volume from consumers to merchants.  The next milestone, according to the team is ₦10 billion monthly transaction volume.

 

PiggyBank is a Platform That’ll Helps Nigerians Save Their Money

0

Savings can be very difficult when done manually. Millennials tend to spend almost everything they earn. Some people still resort to the local savings method of putting money in a box which is totally unsafe. People generally lack the discipline and haven’t imbibed the culture of savings.

Using PiggyBank, a saving platform owned by Sharphire Global Limited, Nigerians can automatically save small amounts of money daily, weekly or monthly depending on the savings target, with the service free to use and minimum effort.  You can add funds to your account at any point you like, whether you just got your salary, received extra income or you just want to put money aside randomly.

They then allow you to withdraw for free on only set withdrawal dates, which take place only four times a year, thereby practically making saving more possible for you by eliminating the temptation to withdraw. Withdrawing outside of the four days attracts a 5% penalty fee on just the amount you are withdrawing.

You can also lock all or parts of your savings in your Piggybank.ng account & receive instant upfront interest of up to 25%. All your funds will be sent back to your Piggybank.ng account on the return date you set.

Piggybank.ng is a product that hinges on existing financial institutions, to manage the funds, while they focus on the marketing and technology layers. All funds are deposited with banks and are insured, with PiggyBank making money from interest accrued.

 

 

Paylater Allows You to Borrow Money Quickly Without any Paper Work

0

Paylater, a lending platform operated by a micro-finance bank started out of a desire to help people borrow money quickly, safely and conveniently, all with the use of technology and without the need for any collateral, heavy documentation or face-to-face interaction.

Paylater can be accessed via app and provides small micro loans. The maximum amount people can borrow via Paylater is ₦20,000, while the duration is either 15 days or 30 days. The Paylater App is fully automated, so you immediately see whether you are eligible for a quick loan.

You can see much you’ll have to pay back in real time. Interest is charged at a daily rate of 1% which means that if you borrow ₦10,000 you’ll have to pay back ₦11,500, in 15 days, or ₦13,000 in 30 days.

While logging in they ask you a couple of questions. These are questions on identification like your age, occupation, living habits and income level. They also ask for your account number and BVN.

This is because Paylater needs to verify that the individual applying for a Paylater loan is the same as the owner of the provided bank account so as to automatically deduct their loan repayments on their due date. Questions asked are “how much do you earn?” and “do you have kids”. These questions help them understand if you can pay back your loans before lending out to you. This is to facilitate ease of repayments and eliminate delays with account updates due to the reconciliation issues that can come with cash payments.

Once you have successfully registered, Paylater intelligently determines if you are eligible for a loan and credits your account instantly. When it does you should receive a notification within 24 hours. The best part, is that there is no paperwork involved.

If you can’t repay after receiving money from Paylater, you risk suspension of your account, a bad rating among other credit bureaus and possible legal action. However if you do pay your loan on time, you become eligible to borrow more than the initial ₦10,000 limit any further requested loans.

Concerning matters of security, Paylater  has invested heavily in building secure systems throughout their platform way before disbursing a single loan.

OmoAlata Cuts Down Time Slaving Over a Hot Stove

0

OmoAlata (McPeppers) is a Nigerian food service brand focused on the production and sale of hygienically processed and packaged local Nigerian soups, spices and peppers. The name OmoAlata literally means ‘Son or Daughter of a Spice Seller’; it also symbolizes a native name given to local street wise kids from the Yoruba tribe in Nigeria. OmoAlata is a (blended, parboiled and packaged) rich pepper (tomatoes, “ata rodo”, “tatashe” and onions) mix, available in mild and hot variants.

Started by Kasope Ladipo, OmoAlata was a business that resulted from her desire to work on something that would showcase her creativity. To this extent her business won the 2015 SLA-Entrepreneur Showcase, where she received $10,000 in funding.

She came up with the concept of her business while on trips abroad. While on those trips, she went to various African stores and realized that many of the ingredients for cooking Nigerian meals were not produced or packaged in Nigeria. This is largely due to packaging issues in the country which rules out the exporting of some its food products.

OmoAlata uses only farm fresh peppers in preparation of all its pepper mix. Their pepper mix does not contain any food coloring or artificial preservatives and it is packed under hygienic conditions with a strict quality assurance policy. This is a testament to the startup’s commitment to providing its customers with the freshest products that have a natural taste.

The company organizes delivery of the tomatoes, onions and peppers from the suppliers to the factory. Contract workers at the factory sort the produce, clean them with all the stalks taken out. Next, it is blended, cooled, packaged and sealed.

The startup intends to have more product lines as it grows. Kasope plans on having tryout stands in stores to give potential customers the opportunity to taste the company’s products.

WeMove is Building Nigeria’s Uber for Trucks, Buses & Cars to Bring Sanity to Nigeria’s Transport Industry

0

More than 75% of people in Nigerian cities (like Lagos) depended on public transportation to move around. Lagos is a very large city, with a population of 21 million people. 75% of that is about 15.8 million depend on public transportation for getting around daily. But not many changes have really been experienced in the way people use public transport, in the past 20 years, as compared to innovations seen in banking and other sectors.

We don’t have a strong automobile industry anywhere in Africa, while Uber is doing a fantastic job, we could do much more. That’s why software Engineer and serial entrepreneur, Celestine Ezeokoye, created WeMove. WeMove.co aims to formalize, organize and create order to the informal process as well as disrupt the market of vehicle hires. The company also wants to build a vehicle service marketplace that will eventually morph into a transportation service platform.

It’s a simple platform that allows you add your vehicle to an online database.

Imagine all that can be done if an accurate database of the different vehicles used in Nigeria (and Africa in general): cars, trucks, trailers, tippers, aircraft, boats, etc could be possible. Imagine how we can best make data-inspired decisions to take our transportation in the right direction.

WeMove.co provides customers with a platform to find various modes of transportation at the best available price possible. By vehicles owners listing their automobiles, they could be provided with an additional source of income. In other words, those who own vehicles could make some money from their machines. These include any bus owners, in particular those with Hiaces, Coasters, and Siennas.

Whether it’s an official trip or for leisure, WeMove covers transportation needs quite sufficiently. One doesn’t need to hassle, or make long trips to offices to select a vehicle that he/she would require. For more information click here.