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<p>In yet another growth market opportunity report, Viffa Consult has outlined the benefits of investing in Kenyan start-ups amid the pandemic. CNBC Africa spoke to Managing Director, Victor Otieno for more.</p>


Viffa Consult on the investment case for Kenyan start-ups amid COVID-19

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<p>The government of Rwanda has set up a $100 million COVID-19 relief fund so as to mitigate the economic effects of the pandemic on Rwanda&#8217;s economy. CNBC Africa&#8217;s Arnold Kwizera spoke to Rwanda&#8217;s Minister of Finance and Economic Planning, Uzziel Ndagijimana for more.</p>


These are the COVID-19 relief measures Rwanda’s government is offering to SMEs

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<p>Small and medium businesses have been considered to be the backbone of the region’s economy and with the Covid-19 crisis causing losses at best and closures at worst, the focus has been on how to financially support these companies, but where does that leave the social enterprises who are committed to providing these burgeoning businesses with the soft skills they need to sustain? Will they have to take a back seat? And what effect will that have on the growth of the SME sector? CNBC Africa spoke to Norette Turimuci, Executive Director at Resonate for more.</p>


The role of social enterprise in post Covid-19 economic recovery

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<p>As a result of the measures put in place by the government to control the spread of coronavirus, start-up companies are part of the groups that have been most affected. CNBC Africa spoke to the Senior Program Officer at Segal Family Foundation, Liana Nzabampema to find out more about how start-ups are being affected by the coronavirus outbreak and how Segal Family Foundation is supporting start-ups.</p>


How start-up companies are navigating the COVID-19 environment


<p>Report by Catherine Clifford</p>



<p>The Covid-19 pandemic has nearly instantly and very dramatically pivoted the priorities of some makers, start-up founders, entrepreneurs, researchers and doers&nbsp;— the innovators — to solving problems related to the pandemic and preparing for any in the future.</p>



<p>“Every [tech] entrepreneur that I know is spending time on the pandemic response,”&nbsp;CEO of global start-up accelerator The Founder Institute Adeo Ressi tells CNBC Make It. “Many innovations will result from this global focus.”&nbsp;&nbsp;</p>



<p>That’s because a time of crisis is also a time of opportunity.</p>



<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="740" height="416" src="https://www.cnbcafrica.com/wp-content/uploads/2020/04/106490066-1586971034326adeo_ressi_17.jpg2_.jpg" alt="" class="wp-image-368172" srcset="https://cms.cnbcafrica.com/wp-content/uploads/2020/04/106490066-1586971034326adeo_ressi_17.jpg2_.jpg 740w, https://cms.cnbcafrica.com/wp-content/uploads/2020/04/106490066-1586971034326adeo_ressi_17.jpg2_-300x169.jpg 300w, https://cms.cnbcafrica.com/wp-content/uploads/2020/04/106490066-1586971034326adeo_ressi_17.jpg2_-696x391.jpg 696w" sizes="(max-width: 740px) 100vw, 740px" /><figcaption>Adeo Ressi, CEO of the global start-up accelerator The Founder Institute, presenting at a Founder Institute showcase. Photo courtesy The Founder Institute</figcaption></figure>



<p>Alibaba, for instance, was transformed by the 2003 Severe Acute Respiratory Syndrome epidemic in China. The company launched its first consumer market place just as people around the country were self-quarantining, so they turned to shopping online, setting the company on its path to becoming a $500 billion e-commerce giant.&nbsp;</p>



<p>And there has already been an impressive amount of collaboration, says&nbsp;Sam Altman, the former president of top Silicon Valley start-up accelerator Y Combinator and current CEO of artificial intelligence research lab&nbsp;Open AI.&nbsp;</p>



<p>“This will be a before moment and an after moment for the world,” Altman tells CNBC Make It, and “there’s incredible innovation coming,” he says.</p>



<p>Here’s a look at the areas of innovation which have become freshly important as the coronavirus pandemic takes center stage.</p>



<h2 class="wp-block-heading">Innovation to fight the pandemic</h2>



<p>The coronavirus pandemic has exposed numerous weak spots in how the government, businesses and citizens prepare for and respond to such events. But these weak spots are opportunities for entrepreneurs to innovate solutions, and many “are working to address the problems that we are facing right now, like a lack of testing and ventilators,” Ressi tells CNBC Make It.</p>



<p>There are many start-ups developing tools to help stop the spread of the coronavirus.</p>



<p>That includes things like artificial intelligence spread modeling, symptom-tracking solutions, chatbots for diagnoses and people-tracking with nearby infection notification, Ressi says.</p>



<p>For exmaple, Y Combinator-backed start-up&nbsp;Inokyo, which builds and installs autonomous checking for retail stores, has used its technical knowledge to build a product, Act, specifically to help companies deploy contact-tracing technology to their workplaces and warehouses, Y-Combinator partner Jared Friedman tells CNBC Make It.&nbsp;&nbsp;</p>



<p>“It uses cameras and computer vision technology to see visually which employees have been in proximity to each other,” Friedman tells CNBC Make It. “Inokyo&nbsp;originally developed this advanced technology for grocery shopping (similar to Amazon Go), and has rapidly adapted it to this new use case.”</p>



<p>And 500 Startups portfolio company OhmniLabs is facilitating virtual visits in the time of coronavirus with its “telepresence robot,” Christine Tsai, CEO and founding partner of the early-stage venture fund and seed accelerator, tells CNBC Make It.</p>



<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="740" height="416" src="https://www.cnbcafrica.com/wp-content/uploads/2020/04/106490305-1586980501033hero-1080p.jpg" alt="" class="wp-image-368175" srcset="https://cms.cnbcafrica.com/wp-content/uploads/2020/04/106490305-1586980501033hero-1080p.jpg 740w, https://cms.cnbcafrica.com/wp-content/uploads/2020/04/106490305-1586980501033hero-1080p-300x169.jpg 300w, https://cms.cnbcafrica.com/wp-content/uploads/2020/04/106490305-1586980501033hero-1080p-696x391.jpg 696w" sizes="(max-width: 740px) 100vw, 740px" /><figcaption>The “telepresence robot,” made by Ohmni Labs. Photo courtesy Ohmni Labs</figcaption></figure>



<p>“They’re essentially high-tech mobile sticks fitted with high resolution cameras,” Tsai says. “Ohmni is now deploying these robots in hospitals to connect quarantined Covid-19 patients with their families, and donating them to care organizations to enable virtual visits with seniors who are isolated at home.”</p>



<p>Medical software company&nbsp;Qventus&nbsp;is helping hospitals manage patient flow and help hospitals streamline resources, Friedman tells CNBC Make It. The Y Combinator-backed start-up’s product specifically for the Covid-19 pandemic is being used by&nbsp;New York-Presbyterian hospital in New York City, Friedman says. (New York-Presbyterian is also an investor in Qventus, according to the public investor database Crunchbase.)</p>



<h2 class="wp-block-heading">Innovation for quarantine life</h2>



<p>Then there are&nbsp;start-ups working to address problems of the quarantined population trying to adapt. This space includes things like digital teleworking tools, home-schooling solutions, safe food delivery solutions, therapy and stress coping mechanisms, as well as symptom tracking innovation, Ressi tells CNBC Make It.&nbsp;</p>



<p>One example of such a start-up is a Y-Combinator backed start-up called&nbsp;Outschool, which produces online video chat classes taught by independent teachers.</p>



<p>“Their demand has exploded as parents adjust to the widespread school closures across the US,” Friedman tells CNBC Make It. “To help families who need financial assistance to access these classes, they are&nbsp;giving away $1M worth&nbsp;of free classes.”</p>



<p>Techstars portfolio company&nbsp;Banjo Robinson, a London-based ed tech company which engages young children in an interactive penpal experience, has seen rapid growth in the time of the coronavirus pandemic.</p>



<p>“They have experienced a five-fold increase in daily sales since schools closed. Parents are telling the Banjo team that juggling work with homeschooling is hard but Banjo activities have been a huge help in occupying their young children in educational ways,” Techstars founder and CEO David Brown tells CNBC Make It.&nbsp;</p>



<p>Microgreen kit producer Hamama is helping people grow green produce at home, Tsai says.</p>



<p>“Given that communities are sheltering in place or quarantined at home, access to fresh produce is much harder to come by,” she tells CNBC Make It of the 500 Startups portfolio company.&nbsp;</p>



<p>Then there’s artificial-intelligence stock trading platfrom, Pynk, a Founder Institute portfolio company, which Ressi says is doing well as investors digest the economic changes coronavirus has wrought.</p>



<p>“As a result of the market volatility, their returns have been 79% up over the last few weeks,” Ressi tells CNBC Make It.</p>



<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="740" height="416" src="https://www.cnbcafrica.com/wp-content/uploads/2020/04/106490039-1586970266080pynk.jpg" alt="" class="wp-image-368177" srcset="https://cms.cnbcafrica.com/wp-content/uploads/2020/04/106490039-1586970266080pynk.jpg 740w, https://cms.cnbcafrica.com/wp-content/uploads/2020/04/106490039-1586970266080pynk-300x169.jpg 300w, https://cms.cnbcafrica.com/wp-content/uploads/2020/04/106490039-1586970266080pynk-696x391.jpg 696w" sizes="(max-width: 740px) 100vw, 740px" /><figcaption>Pynk co-founders Seth Ward and Rupert Barksfield on the stage of the 10th Wolves Summit, winning their startup pitch competition. Photo Credit: Wolves Summit</figcaption></figure>



<h2 class="wp-block-heading">Innovation for life after the coronavirus</h2>



<p>Then there are innovations accelerated by the pandemic that will live beyond its end.</p>



<p>For example, Tsai says remote care and telemedicine broadly will emerge from the coronavirus pandemic more attractive than they were prior.</p>



<p>So far it “has been held back by regulations and a general lack of awareness,” Tsai tells CNBC Make It. But it “has already begun to take more prominence and this behavior will likely persist past Covid-19 as healthcare providers see the benefits and efficiency in treating patients.”&nbsp;&nbsp;</p>



<p>Ressi cites&nbsp;Second Medic, a telemedicine company for second opinions in India in which his accelerator owns a minority stake, as an example. “India just legalized telemedicine for primary care because of the Coronavirus,” Ressi tells CNBC Make It. “This businesses is exploding and plans to close a large pre-seed right any moment now.”</p>



<h2 class="wp-block-heading">Innovation to reinvent hard-hit industries</h2>



<p>&nbsp;As the coronavirus pandemic has swept the country, it has changed consumer behavior drastically. And entrepreneurs in a hard-hit industries are being stressed.</p>



<p>“For start-ups working in negatively affected industries, this is an unprecedented time to innovate or face extinction,” Ressi tells CNBC Make It.</p>



<p>And according to Ressi, many start-ups have been able to adapt since they are “small and nimble,” he says.</p>



<p>For example, Smart Health Clubs (a Founder Institute portfolio company) is moving its business online in this time.&nbsp;</p>



<p>“Physical exertion and the related heavy breathing is known to spread the virus widely,” Ressi tells CNBC Make It. So Smart Health Clubs “is pivoting to provide online engagement solutions to retain members through the pandemic. One options that they are examining is helping gyms sell idle equipment to members and create online courses for the equipment.”</p>



<p>And&nbsp;Gusto, a small-business payroll provider, “has been working around the clock to help small businesses get loans via the&nbsp;Paycheck Protection Program,” Friedman says of the Y-Combinator backed start-up. (On Feb. 22, Gusto was one of 11 companies added to the Small Business Administration’s&nbsp;Small Business Technology Coalition, a public-private partnership which aims to help small businesses use technology more effectively to grow their businesses.)</p>



<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="740" height="416" src="https://www.cnbcafrica.com/wp-content/uploads/2020/04/106490073-1586971341385pier70-gusto3.jpg" alt="" class="wp-image-368179" srcset="https://cms.cnbcafrica.com/wp-content/uploads/2020/04/106490073-1586971341385pier70-gusto3.jpg 740w, https://cms.cnbcafrica.com/wp-content/uploads/2020/04/106490073-1586971341385pier70-gusto3-300x169.jpg 300w, https://cms.cnbcafrica.com/wp-content/uploads/2020/04/106490073-1586971341385pier70-gusto3-696x391.jpg 696w" sizes="(max-width: 740px) 100vw, 740px" /><figcaption>The Gusto headquarters in San Francisco at Pier 70. Photo credit: Jenna Carando</figcaption></figure>



<p>Social care networking start-up&nbsp;Aunt Bertha&nbsp;is now helping people locate social services, Brown says of the Techstars portfolio company.</p>



<p>“There are so many people who need support and specific services and they are lost about where to look — at the same time, those offering these resources are overwhelmed by the exponential increase in need. Aunt Bertha is providing a critical connection between these two and they were ready at scale before the Covid-19 crisis hit,” says Brown.&nbsp;</p>



<p>The bottom line is, says Ressi, change can be scary, but it can also be inspiring.</p>



<p>“If anything, I am encouraged by the fact that necessary changeis coming. I am excited about her prospects of new entrants to disrupt,” he says.</p>



<p>This article was first published on CNBC Make It <a href="https://www.cnbc.com/2020/04/15/hot-spots-of-innovation-as-a-result-of-coronavirus-pandemic.html?__source=newsletter%7Cmakeit">https://www.cnbc.com/2020/04/15/hot-spots-of-innovation-as-a-result-of-coronavirus-pandemic.html?__source=newsletter%7Cmakeit</a> and is republished with its permission.</p>



<p>For more coverage on COVID-19 visit: <a href="https://www.cnbcafrica.com/covid-19/">https://www.cnbcafrica.com/covid-19/</a></p>


Op-Ed: Supporting the ICT sector in Africa as a cure for the economic crisis

These are the new hot spots of innovation in the time of coronavirus

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<p>The year is nearly up and as such it&#8217;s time to start focusing on the year ahead. The Africa Tech Summit is preparing for its third edition happening here in Kigali early next year and despite its singular name. The event will actually be comprised of 3 different summits – one focused on African start-ups, one focused on the future of tech on the continent and the other focused on money and block chain. Founder of the event, Andrew Fassnidge joins CNBC Africa for more.</p>


2020 Tech Summit to focus on money & blockchain

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<p>Facebook will host its first ever Facebook iD8 conference on the continent in Kenya and the event will bring together developers and start-ups from Kenya, Nigeria and South Africa. Global Head of Developer Programs at Facebook, Emeka Afigbo joins CNBC Africa to share more on the conference and the impact it will have on developers and start-ups in the region.</p>


Facebook hosts first iD8 developer event in Kenya

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<p>The Africa Investment Forum held in Sandton this week is attracting not only regulators, financiers and big business, but also start-ups. One of these start-ups is Hello Tractor from Nigeria, which is currently operating in 11 African markets. Jehiel Oliver, CEO of Hello Tractor spoke to CNBC Africa’s Kenneth Igbomor.</p>


Africa Investment Forum: Hello Tractor CEO Jehiel Oliver on unlocking opportunities for African farmers

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<p>Inclusive Business Solution Rwanda was launched earlier this year with an aim of helping start-ups and new businesses to accelerate their growth and success. CNBC Africa’s Zwena Bachoo spoke to Alex Ntale, CEO of the ICT Chamber for more on the Innovation Center.</p>


ICT Chamber CEO Alex Ntale on the Innovation Center’s role in aiding Rwandan start-ups

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<p>While lack of financing is a key impediment to the growth of SMEs on the continent, strong leadership is a key component to sustainable growth of small businesses. CNBC Africa’s Steven Muvunyi spoke to Ignace Rusenga, Principal Country Officer at EA Hub Kenya for more.</p>


Strong leadership key to SME growth, says EA Hub’s Ignace Rusenga

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<p>The number of start-ups from the East African Community members raising millions in capital is set to increase further as many are scaling up and looking for alternative sources of funding worldwide. Joining CNBC Africa for more is Michelle Mboha, Financial Economist and a Growth Catalyst at Growth Africa.</p>


Understanding East Africa’s start-up investment ecosystem

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<p>Major players in Africa&#8217;s innovation, Sanofi is set to launch three challenges for African start-ups to find innovative solutions to improve access to healthcare and transform the health ecosystem throughout the continent. For more CNBC Africa is joined by Sanofi&#8217;s Country Chair Kenya &#038; General Manager Peter Munyasi.</p>


Sanofi sets 3 challenges for African start-ups to innovate in health

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<p>Startup Bootcamp AfriTech is a web and tech incubator company based in Cape Town. They create the necessary relationships between investors and high-growth start-ups across Africa. These efforts won them the Top Accelerator in South Africa award. Joining CNBC Africa for more is Nsovo Nkatingi, Programme Manager at Startupbootcamp AfriTech.</p>


Advancing Africa’s tech and web based start-ups

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<p>GreenTec Capital Partners, a firm that empowers innovative start-ups and SMEs in Africa, aims to grow 400 companies by 2023. CEO, Erick Yong spoke to CNBC Africa for more.</p>


This empowerment firm aims to help grow 400 African start-ups to the next level

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<p>The tech ecosystem in Nigeria just got an extra boost as Zone Tech Park opens its doors to start-ups at different stages in their life cycle. Toro Orero, Chief Executive Officer of Zone Tech Park joins CNBC Africa to discuss the company’s plans for nurturing tech entrepreneurs in Nigeria.</p>


Driving tech entrepreneurship in Nigeria

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<p>Google announced a $6 million fund for start-ups in Kenya, Nigeria and South Africa under the initiative Google Impact Challenge that hopes to solve societal problems in Africa using tech. Joining us is Google Africa&#8217;s CMO Mzamo Masito.</p>


Google announces $6mn fund for start-ups in Africa

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<p>In addition to training 10 million Africans in digital skills, Google has unveiled a scholarship program for 15,000 developers and kicked off its Launchpad program for Africa with 12 start-ups across the continent.</p>


start-ups

Viffa Consult on the investment case for Kenyan start-ups amid COVID-19

These are the COVID-19 relief measures Rwanda’s government is offering to SMEs

The role of social enterprise in post Covid-19 economic recovery

How start-up companies are navigating the COVID-19 environment

These are the new hot spots of innovation in the time of coronavirus

2020 Tech Summit to focus on money & blockchain

Facebook hosts first iD8 developer event in Kenya

Africa Investment Forum: Hello Tractor CEO Jehiel Oliver on unlocking opportunities for African farmers

ICT Chamber CEO Alex Ntale on the Innovation Center’s role in aiding Rwandan start-ups

Strong leadership key to SME growth, says EA Hub’s Ignace Rusenga

Understanding East Africa’s start-up investment ecosystem

Sanofi sets 3 challenges for African start-ups to innovate in health

Advancing Africa’s tech and web based start-ups

This empowerment firm aims to help grow 400 African start-ups to the next level

Driving tech entrepreneurship in Nigeria

Google announces $6mn fund for start-ups in Africa

Google selects 12 start-ups for its Launchpad Accelerator Africa program

News Tips

Advertise With Us

start-ups

Viffa Consult on the investment case for Kenyan start-ups amid COVID-19

These are the COVID-19 relief measures Rwanda’s government is offering to SMEs

The role of social enterprise in post Covid-19 economic recovery

How start-up companies are navigating the COVID-19 environment

These are the new hot spots of innovation in the time of coronavirus

2020 Tech Summit to focus on money & blockchain

Facebook hosts first iD8 developer event in Kenya

Africa Investment Forum: Hello Tractor CEO Jehiel Oliver on unlocking opportunities for African farmers

ICT Chamber CEO Alex Ntale on the Innovation Center’s role in aiding Rwandan start-ups

Strong leadership key to SME growth, says EA Hub’s Ignace Rusenga

Understanding East Africa’s start-up investment ecosystem

Sanofi sets 3 challenges for African start-ups to innovate in health

Advancing Africa’s tech and web based start-ups

This empowerment firm aims to help grow 400 African start-ups to the next level

Driving tech entrepreneurship in Nigeria

Google announces $6mn fund for start-ups in Africa

Google selects 12 start-ups for its Launchpad Accelerator Africa program

News Tips

Advertise With Us

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