By Ann Brown
The Yaba area, home to the Yaba College of Technology and the University of Lagos, is an emerging technology ecosystem — from fewer than 10 startups in 2013 to more than 60 today, including businesses like booking site Hotels.ng. It also hosts digital labs for Nigeria’s oldest bank, First Bank of Nigeria Ltd., and Stanbic IBTC, the local subsidiary of Africa’s largest lender.
Story from Bloomberg. Story by Yinka Ibukun and Gwen Ackerman.
“Lagos, like other major cities such as Nairobi and Accra, is at the
height of this exciting expansion in innovation across tech, with Yaba
quickly finding itself at the center,” said Chimdindu Aneke, program
manager of platform partnerships for sub-Saharan Africa at Facebook,
which last year launched a hub space in the neighborhood.
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