Yesterday in Abuja, I signed a term sheet with an amazing entrepreneur who is unveiling something amazing in the logistics & transportation space. His mission is fascinating, and I am very happy to support him. You will learn more in Q1 2020 as full launch happens. The Africa’s cambrian moment is around the corner, and as 2022 draws closer, with the beginning of the era of application utility, you have to be excited for the promises of the future. All sectors would be transformed and new category-kings, bred from digital nativity, will emerge.
From the lagoons of Lagos to the mangrove of Calabar, from the beautiful plains of Sokoto to the plateau of Jos, all the way to the rainforest of Owerri, there is an entrepreneurial explosion in Nigeria, and it is unprecedented. Powered by microprocessors, mathematics, the beautiful science of numbers, is being transmuted by software, eating everything on its path.
And in the process, it is making a better sense of the nation, as entrepreneurs pursue the grand mission – fixing market frictions. Unlike the golden decade (the 1990s) of Nigerian entrepreneurship when amalgams of new generation banks were born, seeding a new age in the nation’s financial system, this moment cuts across sectors. From energy to healthcare, agriculture to logistics and even financial services, Nigeria is being redesigned by the combinatorial powers of software to arrange, re-arrange and make sense of atoms and bytes.
With cloud computing, immersive connectivity, and mobile devices, a 21st century Cambrian moment is emerging in Nigeria: the data everywhere is meeting cheap, ubiquitous and intelligent digital systems to process them. This is our time: welcome to Nigeria’s Cambrian Moment.
Begin building or investing – this continent is changing very fast. This is our time and the momentum is real because the opportunities are unbounded.