Featured Posts

50% Of The World Will Be Online By 2017

Over 50% of the global population will have Internet access within three years’ time, with mobile broadband over smartphones and tablets now the fastest growing technology in human history, according to the 2014 edition of the State of Broadband report.   Released today in ...

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Orange Launches Start-up Accelerator Programme in Ivory Coast

With “Orange Fab Ivory Coast”, Orange’s network of start-up accelerators is now present on four continents.  The programme, which is a pillar of the Group's open innovation approach, reflects the determination of Orange to support the new digital players and help ...

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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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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: […]

Africa Investor

How do you know people that are writing cheques and closing deals in a region? You either belong to the club of those writing the cheques or you are among those looking for the cheques. We have played both roles. Over the last two years, we have worked with some public institutions in Africa to link them to sources of funds and we have also assisted startups. As entrepreneurs, we have also raised capital ourselves. […]

mobile payment

From the moment M-PESA launched in Kenya in 2007, Africa was heralded as the undisputed leader in the innovation and adoption of mobile payment services. Today, more than 17 million Kenyans use M-PESA, and in 2013 a full quarter of the country’s GDP passed through the service. But is Africa still leading the global mobile payments innovation race?   According to Howard Moodycliffe, Head of Marketing and International at wiGroup, Africa has lost some ground. […]

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