A MILLION REASONS TO BELIEVE IN AFRICA

Africa is the sleeping giant, the emerging tech hub of the world.

By the turn of the century, a third of people will be African. Africa’s population will grow from 1.2 billion today to 4.5 billion in the next 80 years. By then, Nigeria’s population alone will surpass that of China. Coupled with the growing population is the ever-increasing investment in tech.

In 2020, the ecosystem raised over $1.4 billion dollars in capital. The figure jumped to $6.5 billion in 2021, doubling every year. However Africa suffers from huge infrastructure challenges. Thus we see the critical need for young people in Africa to contribute to the global economy by working on the internet.

OUR STORY

Out of the five unicorns built on the continent, Iyin has helped build two.

Itana's (formerly Talent City) story began with Iyinoluwa Aboyeji. Between 2014-2016, he co-founded Andela (now a unicorn), he and the team had to move offices multiple times in a short period, due to the restrictions in infrastructure and the rate of scale. Every time, they spent a fortune renovating and retrofitting the offices and living quarters.

He then moved to start Flutterwave (now also a unicorn), where the problems were different. The regulations and policies governing tech companies challenging which made it difficult to run a business and raise FDI investment.

Building from Nigeria is hard; businesses also require constant power, high-speed internet and a stable policy environment. Unfortunately, these resources are considered are still a challenge in the country.

There is the notion of Japa in Nigeria: it means to run swiftly, to retreat, to remove from a situation. In this case, to run from Nigeria to a more stable environment, with better access to infrastructure and community.

To japa or not to japa, that is the question

This was when the crazy idea was born – What if we build a startup city of our own? A place where we can live, work, collaborate with the right digital governance and be inspired by a like-minded community, where Nigerians no longer need to leave Nigeria for a better life.

Iyin met with his good friend Luqman Edu to convince him to take on the challenge - How do we build the ideal environment for tech in Africa? Luqman & Iyin, having worked together in the past to solve big problems, and Luqman's vast experience in providing business services & using tech to provide solutions for cities and critical functions of state governments in the UK and Nigeria. This was the beginning of a team up for the task:

Building a haven for the builders of tomorrow.

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Our Vision

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Taking learnings from around the world, we look to replicate the success stories of Estonia, Shenzhen, and Dubai, and become the ‘global jurisdiction of choice’ on the African continent for the Internet citizens of the world.

Itana rests on the ambition of building the ideal environment for the tech ecosystem in Africa, where the best talents build together. We envision a connected community with the ideal governance, digital services and physical infrastructure for builders of the continent to thrive.

Powered by a consortium of global and local partners

Itana, as a key member of DiFZIN (Digital Free Zones In Nigeria Initiative), has partnered with PwC, AFC, Future Africa and Charter Cities Institute to engage the Federal Government of Nigeria to improve the policies and regulatory framework for tech and service-based businesses to operate with ease in Nigeria and to scale across the continent. Read more about DiFZIN →

A team with proven experience.

Founding resident Iyin

Luqman EduCofounder & CEOPrev. Managing Director @Filmo Real Estate @GaiHoldings

Founding resident Iyin

Iyinoluwa AboyejiFounding InvestorGeneral Partner @Future Africa,
prev. Co-Founder @Flutterwave, @Andela

Founding resident Iyin

Coco LiuCofounder & COOPrev. Founder @Socialhaus, design @Google

Founding resident Iyin

Nkechi OguchiDirector of CommunityPrev. CEO @Ventures Park

Founding resident Iyin

Nella Andem-EwaHead of Policy Development, Regulatory and Strategic PartnershipsPrev. Policy and Communications Adviser (Special Adviser) @NigerianSenate

Founding resident Iyin

Tosin OladokunProduct ManagementPrev. Product Manager @Future Africa, @GetEquity

Founding resident Iyin

Bishop FamubodePolicy and Digital GovernanceExpert @The Nigeria Startup Act, @National Artificial Intelligence Policy (NAIP) for Nigeria

Founding resident Iyin

Damilare IbiyemiBack-end EngineerBuilding across finance, insurance, hospitality, education and health industries

Founding resident Iyin

Abayomi OlatunjiFront-end EngineerCrafted responsive web apps across EdTech, Real Estate, FinTech, and Rental Services

Founding resident Iyin

Abdulkareem OladipoGrowth and MarketingPrev. Demand Generation @Paystack

Founding resident Iyin

Victor NdukweUrban InnovationPartner @MyKhaban, prev. Project Architect @LandmarkAfrica

Founding resident Iyin

Dani MansourDevelopment ManagementHead of Project and Development service @JLL

Founding resident Iyin

Steve NdubuisiBrand StrategyManaging Partner @Studio BeTHeo

Founding resident Iyin

Jason OkraProduct AdvisorPrev. Director of Digital Product @WeWork, Founder @Baker Street, Cribspot

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