Silicon lagoon_ africa’s tech revolution heads west

Across the street from a church and in front of a dilapidated school is a grimy, sand-colored building that looks like any other here in Lagos, a prominent Nigerian port city.

But inside is something far from ordinary: the center of West Africa’s burgeoning tech scene. Static electricity zapper On the walls, posters preach disruption: “Move fast and break things.” In rows of blue and orange desks, millennials are trying to do just that. Electricity outage sacramento Small groups huddle around laptops, discussing ideas for the next big tech company. Electricity production by source One person is working on his digital marketing startup; another is teaching a child how to code. Igas energy shares When they’re not working, many here take a break on the roof, which is layered with AstroTurf and often hosts barbecues for local tech geeks.

Welcome to the Co-Creation Hub, a workspace-cum-incubator in the heart of Yaba, Lagos’s tech district. Physical science electricity review worksheet Since its launch in 2010, the hub has groomed more than 60 startups that focus on solving social problems. Electricity projects ks2 Recently, it partnered with Microsoft to find and mentor another 20. Electricity experiments for 4th graders It was also the first stop for Facebook founder and CEO Mark Zuckerberg when he turned up unannounced in Nigeria for a two-day visit in August. Bp gas card login The hub is located close to the offices of Andela, a Nigerian startup that trains software engineers, in which the Chan Zuckerberg Initiative, the philanthropic investment company set up by Zuckerberg and his wife, Priscilla Chan, recently led a $24 million investment round.

The visit confirmed something that CcHub’s founder, ‘Bosun Tijani, already knew: Nigeria’s technology startup economy is flourishing, along with West Africa’s tech sector.

The technology sector in Nigeria, which has the continent’s biggest population and one of its strongest economies, is generating significant investment from venture capital firms both inside and outside Africa.

Outside of Africa, many have long associated the continent with conflict, famine and public health crises. Electricity wikipedia in hindi The dominant news story in Nigeria for the past seven years has been a deadly Islamist insurgency conducted by the Boko Haram group that has resulted in the deaths of thousands of Nigerians. Gas 93 octane But while challenges remain in the region, technology is changing how Africans live and do business, often in remarkable ways. Electricity flow direction Incubators and accelerators have sprung up across the continent, centered in urban hubs like Lagos and Accra, the capital of Ghana. Electricity billy elliot instrumental Although huge barriers still exist—from creaking infrastructure to the comparatively undeveloped investment culture—technology has huge potential to transform the continent. Grade 6 electricity project “There’s this energy here. Gas and sand You feel it as soon as you get off the plane,” Zuckerberg told developers in Lagos. Gas constant for helium “[It’s] not only remaking Lagos and Nigeria but shaping the whole continent and influencing how things are going to work around the world for the next generation. 3 gases in the air I think that’s a story that is underappreciated in a lot of parts of the world.”

The birth of Africa’s tech scene—excluding South Africa and Botswana, which serve as relatively advanced outliers—is usually traced back to the rise of the so-called Silicon Savannah around the Kenyan capital Nairobi between 2007 and 2010, according to Jake Bright, co-author of The Next Africa , a book about the continent’s technology sector. Gas after eating pasta Several developments, including the creation in 2007 of M-Pesa, a mobile money platform now used by 19 million Kenyans, helped establish Kenya as the center of Africa’s technology scene. Gas equations chemistry These private initiatives have benefited from government projects too, including the laying of a 3,100-mile fiber-optic cable along the ocean floor between the coastal Kenyan town of Mombasa and the United Arab Emirates, which in 2010 brought high-speed broadband to five countries in East Africa.

Kenya may have gotten a head start, but over the past few years, the tech revolution has spread across the continent. Walmart with a gas station near me As of June, there were 173 tech hubs and incubators in Africa, according to the World Bank. Electricity trading strategies Venture capital funding in African tech startups increased by a factor of 10, from $41 million in 2012 to $414 million in 2014, and is expected to rise to more than $600 million by 2018. Q gastrobar dias ferreira That’s still tiny compared with more developed markets. Gas house gorillas Silicon Valley generated $128.7 billion in venture capital investment in 2015 alone. Electricity kwh calculator However, it does show that the sector is on an upward trend.

Connections with tech hubs outside of Africa—most notably Silicon Valley—are also starting to grow. Electricity trading hubs The Chan Zuckerberg Initiative’s funding for Andela was its first lead investment, and Zuckerberg has hailed the company as a key means of addressing Africa’s “gap between talent and opportunity.” Events like the Africa Technology Summit, which kicks off in Lagos on December 6 and is hosted by Ghanaian incubator the Meltwater Entrepreneurial School of Technology (MEST), are bringing together prominent figures from the sector. La gas prices 2016 European- and U.S.-educated African entrepreneurs are heading home to create innovative companies, while African startups are going the other way to join Silicon Valley incubators.

“Africa is probably the next great emerging opportunity on the horizon that people haven’t jumped into yet,” says Dave McClure, the founder of Silicon Valley–based accelerator 500 Startups, which funds and supports promising startups. I electricity bill com McClure’s company has invested in six startups in Ghana, Kenya, Nigeria and South Africa, and McClure says he is exploring setting up a regional fund based on the continent in the next few years. Gas block install “We’re going to be trying to make 20 to 30 investments a year in Africa as we go forward,” he says.

While Kenya continues to attract significant investment, West Africa—led by Nigeria—is beginning to catch up. Electricity austin Nigerian startups attracted $49.4 million in funding in 2015, second only to South Africa, according to a report by tech portal Disrupt Africa. Gas national average 2008 The country also produced the continents’ first unicorn—a private startup valued at more than $1 billion—in March when Africa Internet Group, the accelerator behind Nigerian e-commerce giant Jumia, secured investment from parties including investment bank Goldman Sachs and German incubator Rocket Internet. Electricity voltage used in usa “In time, Nigeria’s influence will be felt beyond Africa. Tropico 5 power plant Nigeria will become a tech superpower in the same way China and India are about to do so today,” says Jorn Lyseggen, CEO of software company Meltwater, which runs the MEST incubator in Accra and has recently expanded to Lagos.

Facebook founder Mark Zuckerberg takes a selfie with Nigerian President Muhammadu Buhari (center) and Vice-President Yemi Osinbajo during a visit to the presidential palace in Abuja, Nigeria, on September 2. La gasolina in english Zuckerberg was full of praise for Nigeria’s technology sector during his surprise visit.

But even in Nigeria, Africa’s most populous country, the tech sector faces fundamental challenges. Z gastroenterol Online payment portals in Nigeria frequently don’t work. Gas gangrene And almost 37 million of Nigeria’s 93.5 million adults do not have bank accounts, according to a 2014 survey. C gastronomie mariage So online transactions are not as simple as in the West, where most people regularly use banking services.

In Nigeria and the continent as a whole, the basics needed for a thriving technology sector—reliable electricity and internet access—remain some way off. Z gas el salvador empleos Only two in five Africans live within range of an electrical grid. Gas finder mn Sub-Saharan Africa’s total electricity consumption is less than that of Spain, according to the Africa Progress Report 2015. Gas bubble in chest and back The figures are even bleaker for internet access—only 20 percent of Africans use the internet, according to the International Telecommunication Union, a United Nations agency that monitors and coordinates global broadband usage; that’s a quarter the number of internet users in Europe.

In places like Yaba, however, those problems are being rapidly overcome. Electricity 2014 In 2013, the Lagos state government laid 16 miles of fiber optic cable, delivering fast internet access to the area. 1 unit electricity cost in andhra pradesh The district, which has variously been dubbed Silicon Lagoon and Yabacon Valley, is now home to more than 30 technology businesses, according to Tijani. Electricity images cartoon Nigeria’s original incubator, CcHub, is planning to expand into a 10-story, custom-built innovation center, with construction due to begin in early 2017 under an $8 million budget. Electricity cost calculator “This vision is going somewhere,” says CcHub’s Tijani. 2015 electricity prices “It’s taken us five or six years to get here, so imagine where we are going to be in 10 years’ time if we continue this way.”

In our new series on Africa’s tech revolution, Newsweek profiles—with a focus on West Africa—some of the most successful companies and promising startups on the continent. Electricity multiple choice questions grade 9 These entrepreneurs are not just driving development at home—they’re helping their countries compete in the global economy.