Africa Development Digital Inclusion FA Tech

How Facebook’s Africa expansion could foster new tech hubs

Upon his first – and unannounced – visit to Nigeria in 2016, Facebook’s founder Mark Zuckerberg met with developers in Lagos, pushing startup enthusiasm and sparking new interest in innovative companies in the region.

Now, four years later, the social media giant recently announced that the first Facebook office will open in the second quarter of 2021 in Lagos, further solidifying the area’s reputation as “Nigeria’s Silicon Valley.”

Facebook also unveiled more details on its expansion plans to tap into Africa’s 1.2-billion-person market, including new tech hubs for startup development and the construction of 37,000 kilometers of underwater internet cable, which will encircle the entire continent.

https://lnkd.in/eEbajHC

Also read: Facebook selects 8 African startups for its new accelerator programme

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: