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East Africa Frontline News

NextFrontier Africa is a media platform spotlighting Africa’s emerging opportunities in technology, tourism, aviation, agriculture, health, logistics, real estate, trade, education, and e-commerce.

July 18.2025

2 Minutes Read

Lagos: The Unicorn Factory for Africa's Thriving Trade Ecosystem

Confident speaker at tech event discussing Lagos as a tech powerhouse.

Unlocking Potential: Trade Missions Strengthen Ties

The recent trade mission led by London Mayor Sadiq Khan to Lagos symbolizes not only a strong trade partnership but also a commitment to nurturing Africa's burgeoning tech scene. By saying, "We are here as partners, not patrons," Khan highlights a mutual investment in innovation and opportunity, a sentiment echoed by Lagos’ Deputy Mayor for Business, Howard Dawber, who referred to Lagos as 'the unicorn factory for Africa'.

Why Lagos is the Gem in Africa's Tech Landscape

Lagos, Africa's largest city with over 20 million residents, is emerging as a hotbed for fintech and digital startups, hosting successful enterprises like Paystack and Flutterwave. These unicorns thrive in an ecosystem marked by creativity and resilience, facing challenges such as power shortages and heavy traffic daily. “We stress-test innovation here,” remarked Olatubosun Alake, Lagos State’s Commissioner for Innovation. This unique environment primes Lagos for collaboration with international partners.

The London-Lagos Corridor: A Gateway for Businesses

For exporters, importers, and e-commerce businesses, the growing connection between London and Lagos offers substantial opportunities for growth. With initiatives like the London Grow Global program, companies have access to resources needed to navigate this bustling market. Khan’s mission serves as a compelling invitation for businesses on both sides to dive deeper into cross-border trade.

A Call for Collaboration in E-Commerce

This trade mission marks a pivotal moment for increasing investment in Africa’s digital economy. The signing of the African Continental Free Trade Area (AfCFTA) agreement supports this collaboration, making it essential for stakeholders to engage with both markets actively. As Khan emphasizes, “Let’s unlock both markets,” showcasing the need for continuous dialogue and partnership.

As Lagos continues to nurture its tech landscape, those involved in trade and commerce should pay close attention. The synergy between Lagos and London has the potential to catalyze advancements in technology, finance, and e-commerce. The future rings bright for businesses eager to explore Africa’s innovative terrain.

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Lagos: The Unicorn Factory for Africa's Thriving Trade Ecosystem

Unlocking Potential: Trade Missions Strengthen Ties

Why Lagos is the Gem in Africa's Tech Landscape

The London-Lagos Corridor: A Gateway for Businesses

A Call for Collaboration in E-Commerce

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