Month: July 2023

Introduction  Classical trade theory reminds us that countries can reap welfare gains by specialising in producing those goods with the lowest opportunity cost and trading the surplus of production over domestic demand. This is the theory of comparative advantage, which emphasises the relationship between trade and development and how it…

Lagos State has firmly placed itself on the global map after it braced all odds to emerge regional leader in the Africa start-up ecosystem, leaving cities like Nairobi, Kenya; Johannesburg, South Africa; Dakar, Senegal and Accra, Ghana trailing in influence and in start-up funding. This is also as 35 states…

Introduction Deep tech means high innovation technology, an innovation/discovery in science and technology, and advancement in engineering. Shallow tech is the opposite of that.   Artificial intelligence. Blockchain. Quantum computing. Virtual reality. Augmented reality.  These are examples of deep tech and the startups that leverage these to solve problems are referred…

Introduction Innovation has often been defined as the concept of new. A new idea, a new method, a new process. Disruptive innovation is then a new idea, process and method that shakes up an industry in a way that makes it simpler and more accessible – to use for instance…

Over the past seven years, Africa’s startup landscape has witnessed the acquisition of more than 100 startups, with South Africa, Egypt, and Nigeria at the forefront of this activity. The fintech industry, in particular, has been buzzing, ignited by the 2020 acquisition of Paystack by Stripe. Further, multiple other sectors…

The future of tech in Africa relies heavily on the venture capital (VC) ecosystem. This means as more people take on projects to solve problems with technology in Africa, the bulk of bringing those ideas to fruition rests on financiers such as VCsEver since the emergence of the contemporary limited…

Introduction  The IMF posits that it has given out several loans to poor countries to help them recover their economy. However, critics say that approach does more harm than good while commenting that loans deficit the economy and do not improve it. They posit that what should rather be given…