In researching the growing tech ecosystem in Lagos, I came across the blog of Ahmad Mukoshy, CTO and Founder of GigaLayer, a domain and web hosting company based in Lagos. He had two very interesting posts about how financial services impact the startup space there. Titled “Going back to the Stone Age,” the first post talks about his own issues handling payments for his company.
The second post was a great summary of what is actually driving the challenges on the ground there. Its a great read – you can check it out here: The Current FX Challenge in Nigeria.