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Unicorn Group Commits $300m to Boost Africa’s Tech Ecosystem

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Unicorn group, organizers of the Africa TechMoney has revealed that it has committed about $300 million over the next 10 years towards the Africa technology ecosystem to solve the continent’s biggest challenges.

The company stated this at the first edition of the TechMoney conference, with a theme: “Africa TechMoney: Where tech and Money Meet,” held recently in Lagos.

The Chairman, Unicorn Group, Kola Abiola, who said digitalisation offers innovation and finance across Africa.

He also said the TechMoney and innovation summit was to support tech talent and start-ups to secure investment and become bankable, while adding it would inspire, educate and connect leaders from government, private sector, academia, and entrepreneurs on the latest innovative and disruptive technologies.

According to him, “With a Nigerian youth population of 72 percent, median age of 18.4 and an urban population estimated at 51.9 percent with similar percentages continent-wide, this initiative will provide much-needed hope by creating world-class solutions to African problems.

“This will, in turn, unlock the entrepreneurial potential of Africa’s youth and in summary create jobs of the future while ushering the continent into the fourth revolution,” he said.

Present at event were the Vice-president, Professor Yemi Osinbajo, represented by Ambassador Adeyemi Dipeolu and the Deputy Governor of Lagos State, Obafemi Hamzat among other dignitaries.

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