Why Nigerian billionaires are absent in scramble for local tech startups’ equity
submitted over 6 years ago by anane
submitted over 6 years ago by anane
- Africa's richest man, Aliko Dangote, plans to invest most of his profits from real estate outside Africa to preserve his family's wealth, which is different from many wealthy individuals who invest in technology companies.
- Some Nigerian billionaires, like Jim Ovia, have invested in tech startups, but local startups still struggle to compete with well-funded foreign companies, despite some success stories like Flutterwave and Co-Creation Hub.
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