Why foreign investments will keep dominating Nigeria’s startup space
submitted about 5 years ago by kojo
submitted about 5 years ago by kojo
- Stripe's acquisition of Nigerian startup Paystack for $200 million was seen as a positive development amidst the #EndSARS protests, expected to boost local investments and influence Nigerian policies.
- Despite the dominance of foreign investments in the Nigerian startup scene, there are calls for reforms to encourage more local investments and improve the country's capital structure to support tech ventures.
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