Africa Tech Memo

Share this post
Fintech is booming in Nigeria, despite a weak economy. Can that last?
africatechmemo.substack.com

Fintech is booming in Nigeria, despite a weak economy. Can that last?

Nigerian investors worry that the excitement is overdone. The buzz about fintech in Lagos, the commercial capital of Nigeria, is so loud that even those without access to the internet cannot miss it.

Samson Omamuzo
Jul 31, 2021
1
Share this post
Fintech is booming in Nigeria, despite a weak economy. Can that last?
africatechmemo.substack.com

Hello!

The Nigeria healthcare sector is still underdeveloped.

A report by Oxford Business Group suggests that the Nigerian Sovereign Investment Authority (NSIA) in partnership with the Federal Ministry of Health (MoH), signed a series of agreements to modernize and expand healthcare services through private sector participation.

How has this agreement faired?

Comparing South Africa's & Nigeria’s healthcare infrastructure; while SA has the most advanced on the continent, the Nigerian medical system is still underdeveloped and lacks modern facilities. 

There is a lack of qualified medical professionals due to massive migration overseas of healthcare workers searching for better opportunities - environment & money. The country has 35,000 doctors despite needing 237,000, according to WHO.

As a result of this underdevelopment of healthcare, Nigeria loses at least 1.5 billion dollars every year to medical tourism, alleged by the Nigerian Medical Association (NMA). 

The government have plans to amend the National Health Act to address gaps in accessing healthcare, including funding. Will this help?

Dive into this weeks Africa Tech Memo.

Samson Omamuzo (LINKEDIN)


Fintech is booming, despite a weak economy. Can that last?

Source: Economist


Healthcare in Nigeria - Still Underdeveloped

Source: ITA


Africa Prize: Loughborough student named One to Watch for low-cost ventilator design

Source: Iboro


Cloud technology in Africa: who is doing what, where? Teraco, Raxio, Rack Centre…

Source: The Africa Report


Overworked staff, mass exits: The inside story of GTBank’s mobile app and USSD transaction failures

Source: Tech Cabal


Building Africa’s Tesla: Can JET Motor Company accelerate the adoption of electric vehicles in Africa?

Source: Tech Point


Burnout, mental fatigue and talent drain are a threat to Nigerian startups

Source: Quartz


Can These Three (3) Sectors Help Deepen Insurance Penetration in Nigeria?

Source: Proshare


Here’s why Nigeria’s central bank is banning forex sales to money changers

Source: Tech Cabal


Is West Africa ready for a single currency?

Source: Brookings


Airtel Africa gets an extra $200M for its mobile money business from QIA

Source: Tech Crunch


Maliyo Games sets up game dev boot camp with Google in Africa

Source: Venture Beat


African startups join global funding boom as fintech shines

Source: Tech Crunch


Thank you for reading this week’s Africa Tech Memo.

If you find it valuable, please share this newsletter with your family and friends.

Share Africa Tech Memo

If someone shared it with you, hit the subscribe to receive it every Saturday at noon.

Share this post
Fintech is booming in Nigeria, despite a weak economy. Can that last?
africatechmemo.substack.com
Comments

Create your profile

0 subscriptions will be displayed on your profile (edit)

Skip for now

Only paid subscribers can comment on this post

Already a paid subscriber? Sign in

Check your email

For your security, we need to re-authenticate you.

Click the link we sent to , or click here to sign in.

TopNewCommunity

No posts

Ready for more?

© 2022 The Spice Network
Privacy ∙ Terms ∙ Collection notice
Publish on Substack Get the app
Substack is the home for great writing