Silicon Valley eyes Africa as new tech frontier

20 July 2018

Computing

Lagos - With its colourful hammocks and table tennis table, a new tech hub in the Lagos metropolis wouldn't look out of place among the start-ups on the other side of the world in Silicon Valley.

But the NGHub office is in the suburb of Yaba - the heart of Nigeria's burgeoning tech scene that is attracting interest from global giants keen to tap into an emerging market of young, connected Africans.

In May, both Google and Facebook launched initiatives nearby.

This week, Nigeria's Vice-President Yemi Osinbajo was in California to court US tech investors for what he said could herald a "fourth industrial revolution" back home.

But it isn't just Nigeria that is piquing the interest of tech giants.

Last month, Google said it would open Africa's first artificial intelligence lab in Ghana's capital, Accra. Read the full article on Fin24 here.