{"id":546699,"date":"2022-05-25T04:00:41","date_gmt":"2022-05-25T04:00:41","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/05\/25\/day-3-in-lagos-nigeria\/"},"modified":"2022-05-25T04:00:41","modified_gmt":"2022-05-25T04:00:41","slug":"day-3-in-lagos-nigeria","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/05\/25\/day-3-in-lagos-nigeria\/","title":{"rendered":"Day 3 in Lagos, Nigeria"},"content":{"rendered":"

<\/a> DAY THREE- <\/strong>Lagos doesn\u2019t cease to amaze us \u2014 and frankly, it feels like we\u2019ve been here for three weeks, not just two and a half days. The energy of the local entrepreneurship scene has kept our adrenaline pumping, along with the little bits and pieces of chaos that remind us of home. Day three was more of a cultural day, although we did meet a few startups and an angel investor. <\/strong><\/p>\n

Quick update on the trip participants: <\/strong>We\u2019ve been joined by Cairo Angels Syndicate Fund (CASF) portfolio company FlexPay<\/a> from Kenya. Founders Richard Machomba and Johnson Gituma flew in to explore Lagos\u2019 ecosystem with us. They are pictured above, along with CASF CEO Aly Shalakany<\/strong>, Nawah Scientific CEO and founder Omar Shoukry<\/strong>, co-founder of fintech player Lnddo Adham Azzam<\/strong> (who just launched new fintech startup Balad), and co-founder and CEO of Nigerian fintech Credpal<\/a> Fehintolu Olaogun<\/strong>.<\/p>\n

The highlight of our day was meeting Biola Alabi (<\/strong>LinkedIn<\/a><\/strong>), cofounder and GP of Atika <\/strong>Ventures. <\/strong>Also serving as the deputy chair of the Lagos Angel Network, she is the senior advisor and executive producer of Biola Alabi Media and Entertainment. Before going into angel investment, Alabi was a media pioneer who, among other things, brought Sesame Street to African markets via local productions. She spoke about what makes the Nigerian scene so attractive and legislation on startups now waiting to pass the National Assembly and Senate. We\u2019ll have plenty for you on what she and other investors told us once we\u2019re back in Omm El Donia.<\/p>\n

Our other stops today included Impact Hub Lagos, the national museum, and a Khan <\/strong>El-Khalili lookalike. <\/strong>Impact Hub Lagos is the local chapter of the global collective of startup communities, which connects entrepreneurs to large organizations, cultural, and public institutions.<\/p>\n

Fintech and culture: <\/strong>We also sat down with local BNPL fintech CredPal<\/a> and digital bank Carbon<\/a> to talk about their insights into the local fintech scene, hit a museum to learn more about Nigeria\u2019s colonial history, and made a brief stop at a Hussein-like local market for some retail therapy.<\/p>\n

There is no better way to describe Nigeria\u2019s spirit than emphasize that they do not <\/strong>produce sad music. <\/strong>Nigerian music is very upbeat, taking the form of what the West likes to call afrobeats. Among the most popular Nigerian songs currently are Emiliana by CKay<\/a> and Kwaku The Traveler by Black Sherif<\/a>. But locals are most enamored with late Nigerian artist Fela Kuti, who was a \u201cphilosopher, prophet, and musician,\u201d our good friend Tomi Davies, investor and collaborator-in-chief of TVC Labs, told us. Fela is considered the pioneer of afrobeat and has a shrine dedicated to him which also serves as a host location of the annual Felabration<\/a> music festival.<\/p>\n

What about the food? It is, in a word, spicy. <\/strong>Some of us consciously opt for a classic burger at some meals because Nigerian food is crazy spicy. For the first time in our lives, we appreciate the concept of palate cleansers, which can either be some fried plantain (the brothers of bananas) or yams in different shapes and forms. On a different note: pineapples here are at a different level of deliciousness.<\/p>\n

The staple Nigerian drink is called a chapman. <\/strong>The non-alcoholic drink consists of Fanta, Sprite, cucumber, lemon, grenadine and angostura bitters, which is a kind of tonic water. Some of us have had it at least twice in the past two days.<\/p>\n

Also: People in Lagos generally do not smoke. <\/strong>We\u2019re used to the sight of cigarettes everywhere in Cairo. But in Nigeria, a mere 10% or so of the population is enslaved to tobacco, according to a study<\/a>. And it is very noticeable in the streets of Lagos: No cigarette butts on the floor, no smell of smoke.<\/p>\n","protected":false},"excerpt":{"rendered":"

DAY THREE- Lagos doesn\u2019t cease to amaze us \u2014 and frankly, it feels like we\u2019ve been here for three weeks, not just two and a half days. The energy of the local entrepreneurship scene has kept our adrenaline pumping, along with the little bits and pieces of chaos that remind us of home. Day three […]<\/p>\n","protected":false},"author":1,"featured_media":546700,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[9136],"tags":[1915,1917,9137,1950,9116,1949,1918,72,1877,1951,1916,801,1914,802,95,123],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-546699","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-enterprise-on-the-road","tag-adham-azzam","tag-aly-shalakany","tag-balad","tag-biola-alabi","tag-cairo-angels-syndicate-fund","tag-credpal","tag-enterprise-on-the-road","tag-enterpriseam","tag-flexpay","tag-impact-hub-lagos","tag-lnddo","tag-nawah-scientific","tag-nigeria","tag-omar-shoukry-sakr","tag-startup-watch","tag-startups","wpautop","entry"],"acf":{"mongo_id":"6437936a-27e6-4fa0-bcc5-dea5c169dc4a","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2022\/5\/335.jpeg","photo_position":"above","related_issue":[546684],"teaser":"","voice_url":""},"yoast_head":"\nDay 3 in Lagos, Nigeria - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2022\/05\/25\/day-3-in-lagos-nigeria\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Day 3 in Lagos, Nigeria\" \/>\n<meta property=\"og:description\" content=\"DAY THREE- Lagos doesn\u2019t cease to amaze us \u2014 and frankly, it feels like we\u2019ve been here for three weeks, not just two and a half days. 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In a few hours, we\u2019ll be heading back on a six-hour flight to Omm El Donia, with the adrenaline of the past four days slowly dialing down, giving us time to process what we have experienced \u2014 and add all those new connections to\u2026","rel":"","context":"In "ENTERPRISE ON THE ROAD"","block_context":{"text":"ENTERPRISE ON THE ROAD","link":"https:\/\/enterpriseam.com\/egypt\/category\/enterprise-on-the-road\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/5\/355.jpeg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":546620,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/05\/23\/hello-from-lagos-nigeria\/","url_meta":{"origin":546699,"position":1},"title":"Hello from Lagos, Nigeria","author":"enterpriseam admin","date":"23 May 2022","format":false,"excerpt":"DAY ONE- After six-hour, 4.3k km flight from Cairo, we\u2019re settled at the Nordic Hotel Lagos on Victoria Island. Think of Victoria Island as the Zamalek of Lagos \u2014 just a bit greener and more colorful. From the plane, we could see colorful rooftops covering the ground below. Refresher: We\u2026","rel":"","context":"In "ENTERPRISE ON THE ROAD"","block_context":{"text":"ENTERPRISE ON THE ROAD","link":"https:\/\/enterpriseam.com\/egypt\/category\/enterprise-on-the-road\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/5\/301.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":546662,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/05\/24\/day-2-in-lagos-nigeria\/","url_meta":{"origin":546699,"position":2},"title":"Day 2 in Lagos, Nigeria","author":"enterpriseam admin","date":"24 May 2022","format":false,"excerpt":"DAY TWO- We\u2019ve had a fabulous and dense day two in Lagos, ladies and gentlemen. Between tuktuk-rides through Lagos\u2019 Yaba Valley, walking up six flights of stairs, and learning the term \u201cPidgin English,\u201d we met up with a bunch of local entrepreneurs and investors and visited an innovation hub.We spent\u2026","rel":"","context":"In "ENTERPRISE ON THE ROAD"","block_context":{"text":"ENTERPRISE ON THE ROAD","link":"https:\/\/enterpriseam.com\/egypt\/category\/enterprise-on-the-road\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/5\/320.jpeg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":546585,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/05\/22\/enterprise-is-visiting-planet-startup-in-nigeria\/","url_meta":{"origin":546699,"position":3},"title":"Enterprise is visiting Planet Startup \u2014 in Nigeria","author":"enterpriseam admin","date":"22 May 2022","format":false,"excerpt":"Enterprise is heading to the other side of the continent for a little visit: A couple of hours after we hit \u201csend\u201d on this morning\u2019s issue, one of us will be leaving on a jet plane to Lagos, Nigeria, with our friend Aly Shalakany, CEO of the Cairo Angels Syndicate\u2026","rel":"","context":"In "ENTERPRISE ON THE ROAD"","block_context":{"text":"ENTERPRISE ON THE ROAD","link":"https:\/\/enterpriseam.com\/egypt\/category\/enterprise-on-the-road\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/5\/282.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":546453,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/05\/17\/cairo-angels-expands-outside-of-egypt-with-investment-in-kenyan-fintech\/","url_meta":{"origin":546699,"position":4},"title":"Cairo Angels expands outside of Egypt with investment in Kenyan fintech","author":"enterpriseam admin","date":"17 May 2022","format":false,"excerpt":"Cairo Angels Syndicate Fund has made an investment in Kenyan fintech startup FlexPay, the VC fund announced in a statement (pdf) yesterday. This is Cairo Angels\u2019 first investment in Africa outside of Egypt, according to the release, which did not put a figure on the size of the cheque the\u2026","rel":"","context":"In "Startup watch"","block_context":{"text":"Startup watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/companies\/startup-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":549520,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/09\/20\/cairo-angels-micro-vc-fund-nears-final-close-a-new-fund-in-the-works\/","url_meta":{"origin":546699,"position":5},"title":"Cairo Angels\u2019 micro-VC fund nears final close + a new fund in the works","author":"enterpriseam admin","date":"20 September 2022","format":false,"excerpt":"Angel investment group Cairo Angels will reach a third and final close of USD 5 mn on its micro-VC fund this quarter, CEO Aly El Shalakany (LinkedIn) told us, confirming news first published by Amwal El Ghad. The fund reached its second close earlier this year, after closing its first\u2026","rel":"","context":"In "Startup watch"","block_context":{"text":"Startup watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/companies\/startup-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/9\/285.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/546699","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=546699"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/546699\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/546684"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/546700"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=546699"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=546699"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=546699"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=546699"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=546699"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}