TED Talks Daily The innovators building Africa's thriving tech scene | Peace Itimi
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Aug 8, 2024 Peace Itimi, a business storyteller passionate about Africa’s tech scene, dives into the continent's vibrant landscape of innovators and entrepreneurs. She highlights how the youthful population is seizing opportunities to transform economies. Key figures like Funke Okpeke are examined for enhancing connectivity, while successful startups like PiggyVest and Paystack are reshaping financial systems. Itimi emphasizes the shift towards innovation, urging listeners to engage with this dynamic ecosystem and witness the rise of 'unicorn' companies in Africa.
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MainOne's Impact
- Funke Okpeke laid West Africa's first private undersea cable.
- This boosted internet speeds and sparked Nigeria's tech startup boom.
PiggyVest's Success
- PiggyVest, founded in 2016, is Nigeria's first online savings app.
- It has helped over 4.5 million Nigerians save over $1.4 billion.
Paystack Acquisition
- Paystack, a Nigerian online payment platform, was acquired by Stripe for $200 million.
- This triggered a "Paystack mafia" of former employees starting new ventures.