Is Africa’s Internet Market Backed By Real Purchasing Power? (An Irokotv case study)
Economies around the world have experienced a squeeze with the global economy on lockdown. This crisis has not only affected businesses, people have lost their jobs which has inadvertently affected spending patterns. Irokotv, a video-on-demand streaming platform has had its fair share of the squeeze. While global streaming media is experiencing a […]
Read MoreLost and not found? When money in your savings accounts grows wings who is to be held responsible?
A combination of cashless policy, mobile phone penetration and internet affordability has led to an increase in Fintech companies in Nigeria, ranging from savings, insurance to crowdfunding platforms. According to a Nairametrics report published in 2020, Nigeria’s Fintech landscape consists of 210-250 companies with revenues expected to reach $543m in 2022 up from $153.1m in […]
Read More2020 Q2 GDP DATA POINTS TOWARDS AN ECONOMIC RECESSION; HOW CAN STARTUPS NAVIGATE THROUGH THIS TRYING TIMES
Nigeria’s National Bureau of Statistics recently released 2020 Q2 GDP data. This data showed a contraction of 6.1% when compared with last year’s real GDP. This contraction is the steepest seen since 2004 and an end to three years of feeble but steady growth post the 2017 recession. The decline is mostly attributable to a […]
Read MoreTHE RISING PUBLIC DEBT LEVEL IS KILLING SMEs IN NIGERIA
I’m no policy expert, but the African government has a default setting to result in Irresponsible public borrowing. This phenomenon has caused debt in many African countries to reach a crisis level. Between 2010 till date, more than $80 billion in bonds have been issued to thirsty European investors by governments in Africa south of […]
Read MoreCan an Internet Driven Computer Village Expand the Reach of the Market?
Traffic, the gridlock of people, colorful umbrellas, Phone and laptops repairers, Stacks of laptops, busy shops; these are landmarks that will inform you that you currently are in the middle of West Africa’s largest ICT hub. The Ikeja computer village popularly known as “Computer village,” houses over 3,000 Information Technology (IT) SMEs. In a technology […]
Read MoreThe $360 Million Dollar Problem Tomato Jos Is Currently Solving; And for which they just got a $4.2 million series A funding
Nigeria suffers huge tomato wastage caused by poor supply chain management. Despite producing 65% of tomato in west Africa, we are still the 3rd large importers of tomato in Africa Tomato Jos is an agro-processing venture whose mission is to fill the infrastructural gaps like the inefficiency of cross-country transport system and lack of storage […]
Read MoreExit from coronavirus lockdowns; Lessons from 3 countries
It has been two months since the world scrambled to go into the “Great Lockdown” to slow the spread of COVID-19. Now, many countries are considering their exit strategies. Some have already eased up. The impulse to exit the lockdown is largely economic as there is a lot science hasn’t discovered about the novel coronavirus, and there […]
Read MoreLagos based EMR startup secures $10m Series A funding to expand operations in Africa
Lagos-based provider of electronic medical records, Helium Health, has secured a $10 million Series A funding. Founded in 2016 by Tito Ovia, Adegoke Olubusi, and Dimeji Sofowora, Helium Health, formerly known as One Medical, provides an EMR system that eliminates paper records in healthcare facilities along with the risks associated with them through a line of […]
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