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Convertible Notes 101: An Introduction

Convertible Notes 101: An Introduction [i] Author: Brian Laung Aoaeh   We started discussing term sheets sometime ago. If you missed those discussions you should consider reading the previous posts titled “The Anatomy of A Term Sheet” before you read this one.   Today we ...

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Starting Business in Nigeria: Challenges and Way Out

Top Reasons Why It Is Difficult to Start a Business in Nigeria andthe Way Out Starting up a business in Nigeria can be very tough if the accurate strides and knowledge about the business is picked up before starting or investing ...

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StartCrunch Is The Main Crowdfunding Platform To Raise Money In Nigeria

StartCrunch is getting a lot of traffic and we ask people across Nigeria and Africa that now is the time to start creating projects to take advantage of the traffic. People are looking for projects to fund. Take action, fund ...

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Detailed Breakdown Of 2014 Nigerian Budget With Graphs

This is the 2014 Federal Government budget since  approved by the National Assembly and signed by President Goodluck Jonathan. Out of a total budget of N4.962 trillion, the allocation to the defence sector took about 20 per cent, totalling N968.127 ...

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The Most Lucrative Tech Sector Emerging In Africa For Investors

There are many promising technology sectors in Africa right now. The market is still very young but it has a lot of growth ahead of it. From our travels around the continent, we have noted that some sectors are ripe ...

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wild fusion

It is one of the earlier Google Certified Adwords Partners in Nigeria and has since added operations in Ghana and Kenya. It is a digital marketing firm with services that include online media sales, mobile marketing, Adwords Service, web analytics and social media. These services cover the spectrum of the digital marketing. Wild Fusion is a leader in this emerging business sector in Africa.   Africa is still transitioning to mobile and online. As it […]

big data

“Big Data” originally emerged as a term to describe datasets whose size is beyond the ability of traditional databases to capture, store, manage and analyze. However, the scope of the term has significantly expanded over the years. Big Data not only refers to the data itself but also a set of technologies that capture, store, manage and analyze large and variable collections of data to solve complex problems.   Amid the proliferation of real time […]


The startup ecosystem in Nigeria is very noisy. Some have become lords purely because of the amount of money they raised.  They have neither built nor exited any company. They just raised capital and they party, publicly. From Forbes to circuits of conferences, we are inundated with stories of raising money from international and local investors in some of these companies. We surely like them and we treasure them, at least they pitched right and […]


Remember Kalahari.com.ng? That was the eCommerce website that sold books, DVDs, and other things before the arrival of Jumia and Konga. Daily Times had this for it when it closed down.   The online retail service has ceased operating because the company management says it has performed below expectations. The Sub-Saharan Africa division of MIH Internet, which runs Kalahari.com.ng, a Nigerian online retail services site launched in January 2010, has closed down its operations in Nigeria […]

cyclone 11

The purpose of the Altera DE1 Development and Education board is to provide the ideal vehicle for advanced design prototyping in the multimedia, storage, and networking.   It uses the state-of-the-art technology in both hardware and CAD tools to expose designers to a wide range of topics. The board offers a rich set of features that make it suitable for use in a laboratory environment for university and college courses, for a variety of design […]

Startup West Africa-228x228

Over the years. the teams at FASMICRO Group and African Institution of Technology have moved around Africa documenting the next opportunity. Some of our insights have been shared in books, publications like Harvard Business Review and conferences. The perspectives have been spot on as we continue to see trends and help companies understand Africa even nefore many do. Our last project (May 2014) was mapping the innovation systems in Nigeria and using data to predict […]


The following are the top seven polytechnics in Nigeria according to our methodology (repeated below). Thank you for reading and sharing with your friends and networks. The top polytechnic in the nation is Yabatech.   Methodology: Please refer below for description of our methodology.   Ranking of Federal Universities of Technology So based on the data we have and as we explained above, here is the 2014 ranking of the top Polytechnics in Nigeria:   #1. Yabatech (score: […]

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