The African startup ecosystem has experienced a meteoric rise in the last decade. In 2018 alone, over $725m was invested across 458 deals, up from $528m in the previous year. Nigeria, South Africa, and Kenya lead the pack in terms of deal volume, with Lagos, Cape Town, and Nairobi topping the list of African startup ecosystems. Let’s look at some of the latest developments in three of the continent’s biggest startup hubs.

Nigeria

The startup ecosystem of Africa’s largest economy has made significant strides in the last few years; Lagos’ ecosystem alone was valued at $2bn in a 2017 study, the…


Data. The word alone is enough to stir up some sort of reaction. Regardless, we can’t live without it. It drives our economies, our political systems, our societies. Indeed, the field of data collection and analysis shows no signs of slowing down.

However, with its rise comes a number of obstacles that have the ability to impact businesses, governments, and NGOs; these concerns are especially relevant to SMEs who are in their fundraising period, or are putting together a business plan.

So what are some of the current issues in data collection and data extraction; what do they mean for…


Data. The word alone is enough to stir up some sort of reaction. Regardless, we can’t live without it. It drives our economies, our political systems, our societies. Indeed, the field of data collection and analysis shows no signs of slowing down.

However, with its rise comes a number of obstacles that have the ability to impact businesses, governments, and NGOs; these concerns are especially relevant to SMEs who are in their fundraising period, or are putting together a business plan.

So what are some of the current issues in data collection and data extraction; what do they mean for…


International development is destroying our world.

And it will continue to do so if we do not radically shift our attitudes, policies, and methods towards how we approach poverty eradication and economic development.

The problem with the development sector isn’t that development agencies are seeking to harm the economies of developing nations — at least, not intentionally. The problem is that the theoretical foundation on which their policies and strategies are formed will continue to exacerbate poverty and dependency in the developing world.

Whilst valid in its critique of Western aid money being used to prop up corrupt African dictatorships…


The Capital Finder allows organizations to facilitate entrepreneurs and SMEs seeking financing by providing access to unique funding opportunities. As a new intern at AlliedCrowds, I wanted to put the Capital Finder to the test. So, I decided to invent a peri-urban Nigerian cassava farming company called Cassava Inc. and see how many funders I can identify using the Capital Finder. In this blog, I will outline my journey as one of many Nigerian entrepreneurs seeking funding for their company.

Overview of SME Funding for Nigerian Entrepreneurs

Nigeria is a vibrant, diverse, and opportune place, making it well-suited for entrepreneurs. As a Nigerian myself, I wanted to…

David Alfred-Olufeyimi

Business Development Associate at AlliedCrowds

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