ADVERTISEMENT
TechEconomy
Friday, June 6, 2025
No Result
View All Result
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
      • Accessories
      • Phones
      • Laptop
      • Gadgets and Appliances
      • Apps
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
      • Broadband
    • Mobility
    • Environment
    • Travel
    • Commerce
    • StartUPs
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • Appointment
    • EventDIARY
    • Editorial
  • Apply
  • TecheconomyTV
  • Techeconomy Events
  • BusinesSENSE For SMEs
  • TBS
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
      • Accessories
      • Phones
      • Laptop
      • Gadgets and Appliances
      • Apps
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
      • Broadband
    • Mobility
    • Environment
    • Travel
    • Commerce
    • StartUPs
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • Appointment
    • EventDIARY
    • Editorial
  • Apply
  • TecheconomyTV
  • Techeconomy Events
  • BusinesSENSE For SMEs
  • TBS
No Result
View All Result
Tech | Business | Economy
No Result
View All Result
Podcast

Home » VC Funding, Nigeria Startup Bill and other Soundbites from 10th Digital Africa Conference

VC Funding, Nigeria Startup Bill and other Soundbites from 10th Digital Africa Conference

Techeconomy by Techeconomy
July 2, 2022
in News
0

RelatedPosts

Mohammed Idris, minister of Information and National Orientation (Insert GOCOP' book cover) -

Minister of Information to Chair GOCOP Book Launch in Abuja

June 6, 2025

NITDA Boss Calls for Tech Policies Covering 35 million Nigerians with Special Needs

June 6, 2025

I had the privil​​ege to speak at the 10th Digital Africa Conference and Exhibition, held in Abuja, June 28-30, 2022. 

Digital Africa opening day
Advertisements
MTN ADS
Prof. Isa Pantami, Minister of Communications and Digital Economy, declaring the conference open

I spoke on the subject of Nigerian tech startups and how the Nigeria Startup Bill (awaiting further work and eventual passage in the National Assembly) can further support these young Nigerian companies. I also spoke about the concept of venture capital (VC) from both global and local perspectives. 

Despite the Covid 19-induced global business disruptions and economic difficulties faced by most countries of the world in the past two years, international venture capitalists continued to hunger for new and existing tech startups.

Digital Africa 2022
Keynote address by Prof. Isa Pantami

Collectively they poured $643 billion in VC funding to these startups globally in 2021, a 92% year-on-year growth compared to $335 billion in 2020.

Ready access to the largest chunk of global VC funding is the principal factor for the continuing leadership and dominance of the global tech space by US companies today. They received $329 billion, 51% of the funds available globally in 2021. 

Less than $10 billion of this amount came to the 54 countries of Africa combined. There’s a tremendous room therefore for the growth of VC funds in Africa, the world’s second largest continent both in area and population; the region that has recorded the fastest growth rate in mobile subscription and internet usage in the past two decades; and a region whose youth population is increasingly comprised of digital natives. 

Panel discussion
Panel discussion at Digital Africa 2022

Based on the latest annual report for 2021 by Partech Ventures (a Paris-based VC company), Nigeria received $1.799 billion in VC funding for its tech startups, continuing its continental leadership in this critical area.

South Africa came 2nd with $832 million, with Egypt, Kenya, Senegal and Ghana receiving $652 million, $571 million, $353 million and $167 million respectively in 2021.

Startups in Tanzania, Algeria, Mauritius and Tunisia received $46 million, $43 million, $38 million and $33 million respectively. 

The forthcoming Nigeria Venture Capital Summit, slated for November 10-11, 2022 in Abuja is aimed at helping the country to substantially step up its game in attracting even more VC funds for its growing number of tech and non-tech startups in 2023 and beyond. 

Evans Worem at Digital Africa 2022
Dr. Evans Woherem, Lead Convener, Digital Africa Conference and Exhibition, delivering a speech at the 2022 edition

Signed, Sealed and Delivered: The 10th Digital Africa Conference and Exhibition ends on exciting note

An event that is organized consistently on a fixed frequency (monthly, quarterly or annually) is ​​one of the most powerful tools that you can deploy to brand your company.

Digital Africa
Biodun Omoniyi, MD/CEO of Lagos-based VDT Communications Limited, speaking at the conference

This was my clear understanding when, back in May 2012, my company proposed to our client (Compumetrics Solutions Limited, chaired by Dr. Evans Woherem), to establish an annual tech show.

Dr. Woherem didn’t just embrace this proposal, he brought out his massive clout, as Nigeria’s most accomplished banking technology leader till date, to bear on the task of successfully birthing the event.

Dark Robots at Digital Africa conference 2022
Dark Robots at Digital Africa conference 2022

About 11 months down the road, the 1st Digital Africa Conference and Exhibition was held in April 2013 in Abuja, with Chief Oba Otudeko, Chairman of Airtel Africa, chairing the occasion; and Mrs. Omobola Johnson, the then Minister of Communications and Digital Economy, officially cutting the ribbon to declare the event open.   

Digital Africa
Dr. Woherem (2nd r) flanked by guests at the conference

The baby (an annual tech conference in Abuja, aimed at helping Nigeria and the rest of Africa to embrace tech far more passionately than ever before) was born on April 23-25, 2013! 

The 2nd Digital Africa Conference and Exhibition 2014 was held in Lagos. The event was moved to Lagos on purpose, so that it could be held, side by side, the World Electronics Forum (WEF) which Woherem and his friends from abroad brought to Nigeria that year.

Panel Session
Panel Session

WEF is the global body of the consumer electronics association of the leading tech countries of the world today: USA, China, Japan, Germany, India, UK, France, South Korea, etc. WEF is held annually, rotating from one host city to another. 

Digital Africa Conference and Exhibition returned to Abuja for its 3rd edition in 2015. From then onwards, the show has been held every year, without fail.

Pantami on tour of exhibition stands
Prof. Pantami on a tour of exhibition stands at Digital Africa 2022

Even with the Covid 19 pandemic, which brought several challenges and disruptions to economies worldwide, the 9th Digital Africa (DA) was held successfully in 2021, albeit in a virtual format.

Prof. Isa Ali Ibrahim (Pantami), presented his keynote address from his desk at the Federal Ministry of Communications and Digital Economy in Abuja. Other speakers from Nigeria and abroad similarly hooked up virtually. 

Though this is a tribute to Evans Woherem, let me however mention Mr. Biodun Omoniyi, MD/CEO of Lagos-based VDT Communications Limited, who has attended all the 10 editions; and whose company has exhibited in all of them. I’ll do a separate post on this tomorrow.

Award presentation to Africa Data Centres
Dr. Krishnan Ranganath, Chief Technology Officer of Africa Data Centres, receiving award at the Digital Africa Conference and Exhibition 2022

At the closing ceremony of DA 2022, which had earlier been declared open by Isa Ibrahim Pantami, Nigeria’s Chief Technology Officer (CTO), Woherem’s joy was full. He couldn’t contain his excitement on this successful journey of the past 10 years. 

I myself was super excited to be on ground at Baze University, Abuja, during the closing ceremony yesterday.

=====================

Digital Africa Conference 2022
Frederick Apeji is the Chairman/ CEO, Alford Conferences Limited

Loading

Author

  • Techeconomy
    Techeconomy

    View all posts
0Shares
Tags: Digital AfricaNigeria Startup BillVC FundingVDT Communications Limited
Previous Post

World Bank Slams FG’s Slow Response to Inflation

Next Post

Investment Opportunities in the eCommerce Value Chain

Techeconomy

Techeconomy

Related Posts

Mohammed Idris, minister of Information and National Orientation (Insert GOCOP' book cover) -
News

Minister of Information to Chair GOCOP Book Launch in Abuja

by Staff Writer
June 6, 2025
0

Mohammed Idris, minister of Information and National Orientation, is to chair the public presentation of the book Nigeria Media Renaissance:...

Read more
35 million Nigerians and NITDA

NITDA Boss Calls for Tech Policies Covering 35 million Nigerians with Special Needs

June 6, 2025
TD Africa and Dell Technologies

TD Africa Deepens Strategic Ties with Dell Technologies in High-Level Executive Visit

June 6, 2025
NIMC NINAuth

NIMC Speaks over Police Commission’s Claim of Access Denial on Verification Platform

June 5, 2025
SIFAX Group

SIFAX Group Honoured with Distinguished Gender Inclusion Award  

June 2, 2025
Interswitch partners with PKB

Interswitch, PKB to Boost Lagos Smart Health Information Platform

May 31, 2025
Next Post

Investment Opportunities in the eCommerce Value Chain

Comments 0

  1. Pingback: VC Funding, Nigeria Startup Bill and other Soundbites from 10th Digital Africa Conference – TechEconomy.ng - TechEconomy.ng - Paperless Technology Solutions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Techeconomy Podcast

Techeconomy Podcast
Techeconomy Podcast

Infowave is brought to you by TechEconomy. Every week we will bring new stories from startups and influencers who are shaping and changing the world we live in. We’ll also bring you reports on topics you should know.

Follow us @techeconomyng for more.

TECH TALK EPISODE 2
byTecheconomy

PRODUCTIVITY AND WORK-Life Balance

TECH TALK EPISODE 2
TECH TALK EPISODE 2
May 22, 2025
Techeconomy
CYBERSECURITY ESSENTIALS
April 24, 2025
Techeconomy
Digital Marketing Trends and strategies for 2025 and beyond
February 27, 2025
Techeconomy
Major Lesson for Techies in 2024 and Projections for 2025
December 6, 2024
Techeconomy
Major Lessons for Techies in an AI-Driven World | Techeconomy Business Series Highlights
November 26, 2024
Techeconomy
Maximizing Profitability Through Seasonal Sales: Strategies For Success
November 8, 2024
Techeconomy
Techeconomy Business Series
October 15, 2024
Techeconomy
PRIVACY IN THE ERA OF AI: GETTING YOUR BUSINESS READY
May 30, 2024
Techeconomy
Unravel the Secrets of Marketing Everywhere All At Once with Isaac Akanni from Infobip | Infowave Podcast Episode 1
February 9, 2024
Techeconomy
The Role of Ed-tech in Life Long Learning and Continuous Education
October 19, 2023
Techeconomy
Search Results placeholder

WHAT IS TRENDING

https://www.youtube.com/watch?v=g_MCUwS2woc&list=PL6bbK-xx1KbIgX-IzYdqISXq1pUsuA4dz

Follow Us

  • About Us
  • Contact Us
  • Careers
  • Privacy Policy

© 2025 Techeconomy - Designed by Opimedia.

No Result
View All Result
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
      • Accessories
      • Phones
      • Laptop
      • Gadgets and Appliances
      • Apps
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
      • Broadband
    • Mobility
    • Environment
    • Travel
    • Commerce
    • StartUPs
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • Appointment
    • EventDIARY
    • Editorial
  • Apply
  • TecheconomyTV
  • Techeconomy Events
  • BusinesSENSE For SMEs
  • TBS

© 2025 Techeconomy - Designed by Opimedia.

Translate »
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.