Zuckerberg in Africa


Steven Levy followed Mark Zuckerberg to Nigeria: 

For startups, there are particular challenges. Every hour or so, the power goes out. Most people do not have bank accounts or credit cards, so it’s hard to collect money from customers. Funding is elusive. The nearest Philz Coffee is 5,418 miles away. Though the energy and creativity of Nigerian founders are prodigious, there is a role model gap the size of a continent. “We have a trust issue,” says Ade Atobatele, an investor and founder familiar with the nascent startup scene in Lagos. “There’s no legacy system. People don’t believe they can succeed.”

But the opportunity is massive. Nigeria is currently the 7th most populous country in the world. By 2050, it's projected to be the 3rd -- just ahead of the United States.


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