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Weekly Newsletter
Top news & stories of the startup ecosystem from Nigeria
 

Weekly Wrap | 4th February / by  Deji Aroloye

 
 
 

The Big Story

 
 

Good day  

The state of mobility has worsened in Lagos, Africa’s largest commercial city. On January 27, the state government announced a ban on the operation of commercial motorcycles and tricycles in some major locations in the state.

Many residents now experience more hardship in their daily commutes since the enforcement of the ban began on February 1. The ban also affects the activities of riders on the platform of bike-hailing startups like Gokada, Max.ng and Oride
.
In the state, traffic gridlock is a regular occurrence because of the city’s large population and poorly-managed roads. The alternative for many commuters is to use commercial motorcycles (popularly known as okadas) to get to their destinations faster. However, both the state government and some residents have never hidden their disdain for okadas. Some of the reasons are because most okada riders are reckless, and cause accidents on the roads.

For many Lagosians, it was a big relief when ride-hailing startups came into the transport market a few years ago. These startups are keen on safety and getting passengers to their destination faster. As a result, many jobs have been created for thousands of young people. It is not surprising that riders on these digital platforms have staged different protests in the last three days to show their displeasure against the ban.

With a critical eye, one can say the action is not a good direction for a state that prides itself on innovativeness and investment readiness. Before now, the feelers from the state government seemed these affected startups are welcome in the state. Recently, the companies raised millions of dollars from foreign investors, but the recent development poses a threat to their existence and growth.

Cheers,
Team StartupLagos

 
 

 Storiesof the week
Here are a few big news items from the Startup Scene

 

  • $40,000 investment for FoodLocker
    Nigerian Agritech Startup, FoodLocker, to get $40,000 investment from Founders Factory Africa. Read here
  • Brexit done but not dusted
    Finally, the United Kingdom has left the European Union. Both parties will work out modalities to define their post-Brexit relationship during an 11-month transition which ends in Dec. 11. But analysts are saying the future of Britain is uncertain. Read the report.
  • Minimum viable company or minimum viable product?
    There is a piece published by TechCrunch which argues that a minimum viable company must be built first before building a minimum viable product. Read here.
  • Nigerian digital tax regime
    Henceforth, multinational digital companies operating abroad, with significant economic presence in Nigeria will be taxed under the new Finance Act, according to Prof Yemi Osibajo, Nigerian vice president. Read here.
  • Secrets to getting people to answer your emails
    The use of email is an essential tool of communication among employees and the promotion of goods and services. You want to know how to use psychology to get people to answer your emails. Read here.
  • Working relationship between developers and clients
    When the working relationship between developers and clients is overstretched, it can affect the morale of people, and performance in the long run. A report published by Techpoint gathers the experiences of Nigerian developers and clients working with each other. Read here.
 
 

Job & Opportunities 
Funding, Events, other opportunities 

 

 

  • Kingdom Hack 2.0, Lagos (Feb 8th - 11:30pm - 3pm). This program targets and supports African entrepreneurs and social impact organizations. The second annual forum will showcase 10 Social Impact startups and provide funding of $5000 to selected Startups RSVP HERE.
  • Innovation meetup 2.0

    Emerging technologies such as artificial intelligence, robotics and augmented reality are changing the way we live, work and communicate.

  • The Institute of Productively and Business Innovation (IPBIM) is organising an innovation meetup themed: “Industry 4.0: Unpacked" to help people position their careers and businesses in thIs 4th Industrial revolution. The event will be held on 25th February 2020 in Yaba, Lagos. Interested participants can register here

  • The applications for Tony Elumelu Foundation (TEF) grant are still open. Candidates who make it to the first stage will receive equity-free seed capital of $5,000. Get more information here

 

Job Board

Communications Director CCHUB
Marketing communications manager - Microsoft Nigeria

 

 
 
 
Best Regards
Team Startup Lagos
 
 
 

About Us

 

Startup Lagos is a grassroots network of entrepreneurs (Startups, SME’s ) working together to build an environment for entrepreneurship in Nigeria. brought to you by Prime Startups

We want to see more tech-enabled companies start and scale in Nigeria! Supporting entrepreneurs as they build and grow tech-enabled products & companies is at the heart of Startup Lagos

 
 

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