Africa’s Technology Hub Rises in A Congested Lagos Neighborhood

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Africa's Technology Hub Rises in A Congested Lagos Neighborhood
Africa's Technology Hub Rises in A Congested Lagos Neighborhood

The fading facades of century-old buildings in a neighborhood of the Nigerian megacity of Lagos house a vibrant technology cluster that’s caught the eye of Facebook Inc. and Alphabet Inc.’s Google.

The Yaba area, home to the Yaba College of Technology and the University of Lagos, is an emerging technology ecosystem — from fewer than 10 startups in 2013 to more than 60 today, including businesses like booking site Hotels.ng. It also hosts digital labs for Nigeria’s oldest bank, First Bank of Nigeria Ltd., and Stanbic IBTC, the local subsidiary of Africa’s largest lender.

Yaba’s path into the spotlight started from the bottom up, bolstered by a grassroots movement that lobbied for support from a government not immediately sold on economic benefits of technology. The group’s first success came in 2013 when, anchored by the Co-Creation Hub, which now manages a space for Facebook and partners with Google to run programs, it convinced the authorities to waive taxes for a company, MainOne, that agreed to lay Yaba’s internet infrastructure.

In April last year, Lagos hired the global consultancy company Accenture, and in July Vice President Yemi Osinbajo took local start-ups to Silicon Valley as the state announced it was launching a project to develop the Yaba cluster. By August, the government purchased 30,000 square meters of land around Yaba to expand the area that it hopes will create more than 250,000 jobs.

CENTER FOR AFRICAN STUDIES

Center for Africa Studies (AFRAM) which located in Ankara, is an organization facilitating under the administration of African Affairs Council (AFAC). It makes various researches about Africa to enhance economic and cultural bounds between Africa and Turkey. AFRAM’s publishings has been shared with different institutions as they require to obtain.

AFRICA OBSERVATORY

Africa Observatory is one the publishing of AFRAM and it has been published each two weeks. It has been delivered to different institutions via e-mail.



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