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Sunday, February 2, 2020
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Nigeria is becoming Africa’s unofficial tech capital
Africa has one of the world’s fastest growing tech markets and Nigeria is becoming its unofficial capital.
While the West African nation is commonly associated with negative cliches around corruption and terrorism — which persist as serious problems, and influenced the Trump administration’s recent restrictions on Nigerian immigration to the U.S.
Even so, there’s more to the country than Boko Haram or fictitious princes with inheritances.
Nigeria has become a magnet for VC, a hotbed for startup formation and a strategic entry point for Silicon Valley. As a frontier market, there is certainly a volatility to the country’s political and economic trajectory. The nation teeters back and forth between its stereotypical basket-case status and getting its act together to become Africa’s unrivaled superpower.
The upside of that pendulum is why — despite its problems — so much American, Chinese and African tech capital is gravitating to Nigeria.
Demographics
“Whatever you think of Africa, you can’t ignore the numbers,” Africa’s richest man Aliko Dangote told me in 2015, noting that demographics are creating an imperative for global businesses to enter the continent.
Elon Musk Slams Twitter, Google for Rising Scams, Fake Bots
Justworks, which offers HR tools like health benefits access, payroll, and compliance support to SMBs, raises $50M Series E, bringing its total raised to $143M (FinSMEs)
FinSMEs:
Justworks, which offers HR tools like health benefits access, payroll, and compliance support to SMBs, raises $50M Series E, bringing its total raised to $143M — Justworks, a NYC-based HR technology company, closed a $50m Series E funding. — The round, which brought total funding to $143m …
Amazon, Flipkart may approach govt for clarification on Budget proposal
eDegrees may turn page for edutech
How doctors and nurses are using TikTok to demystify the medical profession by sharing info on topics like sex education, vaping, coronavirus, and nutrition (Emma Goldberg/New York Times)
Emma Goldberg / New York Times:
How doctors and nurses are using TikTok to demystify the medical profession by sharing info on topics like sex education, vaping, coronavirus, and nutrition — They have M.D.s, but are they up for this challenge? — For decades, sex education in the classroom could be pretty cringey.
Genetic mapping investments a right move for drug development, agri yield
Israel-based serverless computing startup Nuweba raises $10.2M in an expanded seed round, bringing its total raised to $15M (Mike Wheatley/SiliconANGLE)
Mike Wheatley / SiliconANGLE:
Israel-based serverless computing startup Nuweba raises $10.2M in an expanded seed round, bringing its total raised to $15M — Serverless computing startup Nuweba Labs Ltd. said today it has raised $10.2 million in an expanded seed funding round. — Blumberg Capital led the latest investment …
Russia's finance minister says Russian companies have begun using bitcoin and other digital currencies in international payments to counter Western sanctions (Gleb Bryanski/Reuters)
Gleb Bryanski / Reuters : Russia's finance minister says Russian companies have begun using bitcoin and other digital currencies in i...
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Jake Offenhartz / Gothamist : Since October, the NYPD has deployed a quadruped robot called Spot to a handful of crime scenes and hostage...
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