Is the Tech Ecosystem Already Saturated?

Hi Reader,

Do you ever wonder how glorious it would have been if Nigeria had qualified for the World Cup? Imagine the excitement, the banter, and the temporary escape from inflation, power outages, and all the other issues we deal with daily.

Instead, we’ll just have to watch from the sidelines and imagine what could have been. But make sure not to be on the sideline of your story this week. Let’s dive in!

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Official News

1. Flutterwave has reached a $3.25 billion valuation following an undisclosed Series E investment from Ripple, the U.S.-based blockchain payments company.

2. The CBN has also directed operators to disclose their beneficial owners, even where ownership is held through multiple layers of entities.

3. The Central Bank of Nigeria (CBN) has directed banks, fintechs, mobile money operators, and other payment service.

4. The Nigeria Data Protection Commission (NDPC) has revealed plans to make adjustments to the Nigeria Data Protection Act (NDPA) 2023.

5. Just four weeks after African fintech startup Chimoney announced it was shutting down due to a lack of funding, the company is now set to be acquired by Capital Sage.

REMOTE JOB OPPORTUNITIES

1. Belyfted is looking to hire a Growth Marketing Strategist.

2. Turbham Limited is looking to hire a Senior Java Developer.

3. Moniepoint is looking to hire an Intergration Support Officer.

4. Tobams Group is looking to hire Backend Developer Intern

5. Moniepoint is looking to hire a Motion Designer.

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1… They said if you want to test your UK auntie’s loyalty, ask them to open an outlier account for you

For anyone who was just as confused as I was when I first heard “Outlier” (clearly I’m not serious about making money). Outlier AI is a platform that pays freelancers to help train and improve AI models.

The tweet created a divide with some strongly supporting it while others can’t seem to see the logic.

@AfamDeluxo is strongly against it

@daviruz believes people’s refusal is one of the first signs of a working system

Johnamark calls him fearful

Feranmi believes it is a non issue

Nobody should have to do that for you

Igbo said because you literally give out your important info

2…. See rider update

3… Trouble in design paradise

Inspiration

Alleged imitation

Ade said it’s merely inspiration

Deb’s believes it’s because they don’t take their work seriously

Then Tullipio removed the graphic

4… Dangote Industries initiates community dialogue ahead of its proposed Deep Seaport project in Ogun State

But not everyone likes his approach

Eche Emole it’s easier to say that because we are not in the arena

Sotoye does not agree, noted that them citizens will not be able to critique government. What do y’all think

5… Is the Tech ecosystem saturated or just stuck recycling the same ideas?

Interesting look at it

6… We should be able to bring receipts.

7… Someone alleged that the Nigerian tech ecosystem was tribalistic and ruled by the Yorubas

Blue Kites wondered how the Yoruba’s could control the sector when it was based on talent and hardwork

Sam doubles down by saying preference is always given to a Yoruba dev before another tribe

He then deletes the above post and makes another

First, it was the alleged Yoruba tax in music now it’s Yoruba tax in tech

Akinkunmi believes he is just a bluff

Mikol pointed out how he could be rage baiting

8… These are some interesting numbers

Bank the unbanked but they have LAPO

Big Brutha is back to the numbers and debunks immediately

9… What is the biggest mistake people make when entering tech?

Building in public…added to the list

10…. A lot of consumers will adopt it

But store owners may not

Interesting people

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