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As the CEO of one of Nigeria’s largest enterprise internet service providers, Muyiwa Ogungboye prides himself in his capacity to endure hardship. But things were so difficult in the earlier days of building his company — eStream Networks — that he almost threw in the towel twice.
On one occasion, crucial equipment got fried up, causing the company network to shut down and they didn’t have the resources to import a replacement. “We lost all our business in one day,” Muyiwa told Techpoint during a recent interview.
How Muyiwa Ogungboye sold everything he had to seed-fund his business. Continue reading.
This Week on Techpoint
Watch a video version of this newsletter or read on below
How Andela might spend its new funding. With just 500 fellows currently employed by Andela, we have a pretty good idea what a large pool of their funding will go into.
The copy-copy syndrome. Guest contributor, Doyin Olarewaju thinks Nigeria’s pursuit of Western ideology and culture has impeded the growth of the local tech industry. He has some interesting ideas on how we can fix things.
Be cyber-safe. Here are 4 simple but effective tips on how to outsmart electronic fraudsters.
Every weekday at noon (WAT), we feature up and coming startups attempting to break into the market.
This week’s featured startups
- SchoolWe — enhance school activities with an online portal
- Mediosa — book laboratory tests and health packages from home
- Weartalks — customise and order t-shirts online
- Cartehub — access varieties of locally made products online
- Lotoolz — get digital related services for your startup
NEWS: Lola Kassim appointed new general manager, Uber West Africa. Read.
Opportunities this week: Over ₦1 million in grants for entrepreneurs, EU-Africa business forum and more.
From around the world: This week, there was a drone accident in Canada and in America, a Wall Street firm confessed it had been too optimistic about Snapchat and more.
On January 27, 2021, Techpoint Africa will be hosting the brightest minds in decentralised finance/crypto at the Digital Currency Summit tagged “Building the money of the future” Click here for more details, registration and sponsorship.
Report: Millionaire West African startups” raised over $1.806 billion between 2010 and 2019, 97.9% of which went to Nigerian startups. Get a free overview and 50% purchase discount here.
Listen to Built in Africa, a podcast by Techpoint Africa