💬 In this issue:
- What's trending in Lagos? A brief, candid Naija scene-check delivered by journalist and media entrepreneur Adegoke Oyeniyi.
- In case you missed it... Agritech is not for sissies— unpacking why building an agtech venture is one of the hardest things an (African) Founder can set out to do.
- Sizing the Nigerian market. A curation of handy Founder resources, including an episode of The Trajectory: Africa podcast featuring Nigerian market insights courtesy of Abieyuwa Obaseki of Stears Data.
"Web 3.0 in Nigeria is a hit. The transaction volume going through crypto over blockchain just keeps increasing." - Adegoke Oyeniyi
Award-winning business and tech journalist and former TechCabal editor-in-chief Adegoke Oyeniyi stops by briefly to let us in on what the streets of Lagos are saying about #Fluttergate and toxic workplaces in Nigeria, the rise of Web 3.0, and MTN's mobile money moves. Adegoke's spicy take on whether or not to 'japa' (leave Nigeria for greener pastures) is also worth tuning in to hear.
"Farmers value money more than technology." - Taita Ngetich
Kenyan agritech Founder Taita Ngetich joined co-hosts Hope Ditlhakanyane and Rajiv Daya for the inaugural episode of The African Pre-seed Podcast. Taita's startup, Synnefa, is helping farmers raise productivity, increase yield and manage risk by providing farming software integrated with hardware (AI-powered IoT devices).
Listen to glean live Founder insights about the realities of building and scaling an African agritech venture in a sector that reportedly attracts a mere 5% of VC funding on the continent.
🗓️ SAVE THE DATE: AgriTalk in Paris at Afrobytes Marketplace VI
This year's Afrobytes Marketplace VI is themed "The New Frontiers of Innovative and Sustainable African Agriculture". A timely focus given Africa's need to cultivate food security in the context of accelerating population growth, alarming climate change, and an increasingly hostile global economic landscape.
Join the conversation at MEDEF in Paris on June 14th, 2022.
✅ Click here to book your pass.
🗞️ Founder resources
- REPORT [40 min read]: Innovating Food Systems in East Africa | This study by Briter Bridges and the World Food Programme spotlights the state of technological solutions being developed within the food systems of five East African countries.
- OP-ED [6 min read]: 'We Move' The Subversive Economy of the Lagos Danfo | This insightful immersion into Lagos danfo subculture in The Republic by Daniel Agbiboa offers a glimpse into the political economy of everyday life in Africa's most populous city.
- PODCAST [1 hr 17 min listen]: One Step at a Time: Sizing Consumer Markets & Enabling Consumption in Nigeria | In this episode of The Trajectory: Africa podcast, Abieyuwa Obaseki and Tayo Akinyemi gauge the "proper" size of consumer and B2B markets in Nigeria and identify indicators of consumption readiness for Nigerian consumers.
- BLOG [7 min read]: Fundraising PR no longer hits like it used to | With fatigue over investment stories kicking in, African startups must consider alternative PR strategies to build their reputation and connect with audiences. This guest Communiqué article by Victoria Crandall shows you how.
🔫 Parting shot
We'd love to hear from you! Drop us a note via hello@africanpreseed.com to let us know what's trending in your world. Or, tag us on social using #africanpreseed or #APSVibeCheck.
That's all for now. Till next month, take care!
— Team African Pre-seed
