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The changing face of quality of entrepreneurs, ideas and venture deal flow in Nigeria

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By Jude Chukwuemeka

Think of it for a moment… How might you say today’s nature of business visionaries, thoughts and endeavour has changed?

Like others over the globe, the Nigerian Technology environment framework keeps on growing at an extraordinary rate, developing in a few ranges, upsetting a few areas and enhancing others while conveying uncommon change afterward. Nigeria is presently beginning to see startup business people like Chika Nwobi, Tayo Oviosu, Sim Shagaya and Jason Njoku growing into getting to be holy grails of the financial system in their own right.

We are captivated by the new incidents of connected new companies and startups. These are springing up here and there everyday.

According to reliable sources, in African new companies a year ago expanded by more than 100 percent to practically US$27 million which is a sign of what is to occur when one puts resources into African new businesses a year ago.

Simply think seriously about the extensive financing rounds for e-trade platforms, for example, Konga, Takealot and Jumia and you can see where the big numbers are originating from these days. There has been no log jam in 2015, with a mixture of noteworthy subsidizing rounds being declared including Kenya-based sunlight based startup M-KOPA raising US$12.45 million, Nigeria’s hotel booking platform Hotels.ng US$1.2 million, and South African e-logistics startup Parcelninja, US$1.7 million.

Africa’s economies are still inclined to a wide range of erratic stunts. Fluctuations in currency exchange, terrorists activities, fuel shortage… how would you stay positive about the open doors amidst instability?

As we all know, not many Nigerians have ever been enthusiastic about transient circumstances which is the manner by which we see a challenges’ portion. There is the need to set the one of a kind difficulties of the African environment into business connection. Microsoft, IBM, Oracle and HP have been doing so in Nigeria and Africa for over 10 years and are currently being joined by Google, Facebook, Paypal and soon Amazon and others.

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