Tech companies in sub-Saharan Africa will soon be operating in a recession. The World Bank expects the region’s economies to contract by up to 5.1%, a historic downturn that portends tough times for balance sheets. Global economic uncertainty means African tech startups have to adapt and stay relevant. Despite a decent first quarter, fundraising will […]
Global markets are in turmoil. And technology startups in emerging markets will feel the brunt of the crisis that will ensue during and when the pandemic blows over. According to a Stears Business report, simultaneous demand and supply shock stemming from the closure of whole countries and their industries especially in global economic powerhouses like […]
The University of Lagos, Akoka hosted the TechMoney Africa summit, organised by the Unicorn Group, on June 10th and 11th, 2019, which featured a hackathon, a boot camp for budding entrepreneurs, a quick pitch session, panel sessions, case studies, and presentations from stakeholders.
The pitch doesn’t matter, a good business speaks for itself, right? Wrong.
The African tech explosion hasn’t happened, but it is happening.
Right now, the tech space is almost in the same situation it was right before the dot com bubble burst in 2000.