Chapter 656: The Wakanda Fund

There are many Chinese faces coming in and out of the entrance of the Oriental Hotel, all of them are Chinese who come to Lagos to do business or send here.

These people recognized Zhang Yida in the crowd at a glance, were a little surprised, and wanted to step forward to say hello.

But when they saw the military police opening the way, several bodyguards guarded Zhang Yida tightly from front to back, left and right, so they had to stop, stand in the crowd, and shout greetings such as "Mr. Zhang" and "Mr. Zhang" from afar.

Zhang Yida didn't have the intention of lingering, and while walking to the hall under the escort of bodyguards, he waved his hand to greet the compatriots who were surrounded by a human wall on both sides.

Several local elders were sitting in the hall smoking cigars, and when they saw this formation, they also knew that it was a big man, so they asked the Chinese friends sitting around.

"You don't know Zhang Yida, don't you read international news?" There are Chinese people next to him who ridicule these black buddies who look like rich people.

"I see so many Chinese businessmen going up to say hello, is he very rich? How does he compare with our country's cement king, Dangote?"

"It's more than ten times richer than Dangote, which translates to almost 35 trillion in Naira. ”

"How much? 3.5 billion or 35 trillion?"

"Hey, you can Google it yourself. ”

......

Zhang Yida was arranged in the best presidential suite, and when he rested until seven o'clock in the evening, he was woken up by Zhao Erya, who had already dressed up, and the two attended the welcome dinner together.

In order to avoid some unnecessary troubles, the dinner was arranged in the most luxurious banquet hall of the Oriental Hotel.

In addition to Shen Beipeng and Xu Xiaoming, who accompanied them, there were also company executives such as Cao Lu and Reeves from Chuanrui, as well as Lagos Governor Babajid Sangullu, Nigerian Minister of Science and Technology Ogbonaya Onu, Minister of Commerce Idris Waziri and other Nigerian officials.

Chu Maoming, the Chinese Consul General in Lagos, also brought Deputy Consul General Guan Zhongqi and several counselors to the banquet.

At the banquet, Nepalese officials welcomed the arrival of Zhang Yida and his entourage, emphasized the decades-long friendship between China and Nigeria, and hoped that Ruixiang would continue to increase investment in Nigeria and strengthen business and trade cooperation with the country.

Zhang Yida praised Nigeria's thriving economy and fast-growing GDP against his will, saying that it is a hot land for entrepreneurship.

In the future, Ruixiang will launch more Internet products in Nigeria, recruit local employees, solve local employment, and spare no effort to promote the progress of science and technology in Nigeria.

Consul General Chu Maoming of the Consulate also praised the economic miracle created by Nigeria, and also placed high hopes on Ruixiang to invest in Nigeria and Lagos, and wished Ruixiang brilliant success in Africa.

At a dinner party, I didn't eat much food, and I kept talking about investment and cooperation.

The Minister of Science and Technology, Onu, is a doctor who studied in the United States, and he still has some goods in his stomach, so he chatted with Zhang Yida about science and technology, chatted and chatted, and the topic turned to Jack Ma's entrepreneurship competition.

"Well, we are really sorry that Mr. Jackma chose South Africa. ”

Onu looked at Zhang Yida and said with a smile: "I heard that Rui Xiang is a mortal enemy of Mr. Jackma's Ahri in China?"

If Ruixiang can hold a similar event in Nigeria, our government will definitely support the venue and media publicity. ”

Zhang Yida chuckled, Jackma does have wisdom, and its public welfare foundation only paid 10 million US dollars, or issued entrepreneurial bonuses in 10 years, that is, 1 million US dollars per year.

Although the money is not much, the gimmick is quite big, and the black buddies are so amused that they can't stop.

No, Nigeria's Minister of Science and Technology has slapped himself on the head.

Seeing Zhang Yida smiling without saying a word, Onu continued: "The first unicorn in Africa, Juia, was born in our Nigeria, and it is also the first technology company in Africa to be listed on the world's major exchanges.

As the 7th largest city in the world and the largest city in Africa, Lagos has a suitable entrepreneurial soil for technology companies to grow. ”

The reason why Onu is so vigorously promoting this matter is also related to the current economic environment and industrial composition of Nigeria.

Energy exports, such as oil and gas, are the country's mainstay industries, and the technology sector is not much valued at all.

As a highly educated official who returned from studying in the United States, he very much wanted to change this backward appearance and promote the country's scientific and technological progress.

At the same time, only when Nigeria's tech start-up atmosphere rises and attracts enough tech start-ups can he, as a science and technology minister, become more powerful.

There are political achievements, and it is also convenient to attack higher positions.

He has learned how China's Internet companies have risen, and the biggest secret is the demographic dividend.

Nigeria also has this advantage, being the most populous country in Africa.

In addition to the population, the Internet infrastructure needs to keep up, and the political situation needs to be stable.

In short, Nigeria still has many problems, but if we don't work hard, we will always be backward.

As Mr. Zhang listened to Onu explain Nigeria's advantages to himself in fluent English, he could sense that this high-ranking intellectual official had a very strong sense of mission.

Funny enough, the official language of Nigeria is English, but except for the middle and upper classes, ordinary people do not know English at all, only their own national language.

Nigeria has a huge population, but its society is very deeply divided, and the gap between rich and poor is huge.

The European and American markets are the easiest to monetize, followed by Southeast Asia and Latin America, and Africa is the worst.

Because in addition to the political instability in Africa, the people are really poor, and the traffic tariff is really expensive.

On average, it costs $704 to buy 1GB of mobile data in Africa, and residents of the continent spend about 876 of their monthly income on mobile data each month, which is higher than Latin America's 358 and higher than Asia's 154.

Take Ally's performance in Africa as an example, those who dare to use traffic to play must be local tyrants, and ordinary people can only rub some IFI, otherwise they can only starve to death on the streets next month.

And IFIs are not ubiquitous, which limits the growth of Internet companies in Africa.

"Last year, 210 African tech companies received venture capital, raising a total of $33.5 billion.

For the first time, Nigeria surpassed South Africa to become the most active country in Africa's start-up investment and financing, with 58 start-ups raising $9.5 billion, South Africa raising $06 billion from 40 start-ups, and Egypt and Kenya ranking third and fourth.

There are a total of 442 business incubators in Africa, and the number of incubators in Nigeria has now grown to 55, close to 59 in South Africa, 34 in Egypt and 30 in Kenya.

In the long run, depending on the size of our population, Nigeria will definitely become the number one Internet country in Africa, just like China. ”

The scene was very quiet, only Onu and Zhang Yida were communicating there, and no one else made a sound to disturb.

Zhang Yida calculated in his heart that 210 start-ups raised $33.5 billion, with an average of less than $1.6 million for one company.

A large unicorn in China has surpassed the total annual financing of the African Internet market in one round of financing.

"Minister Onu, I deeply feel your sincerity. ”

Zhang Yida looked at Onu, who was wearing a white shirt and had a darker face, and said with a smile: "Chuanrui's West Africa headquarters has always been located in Nigeria, and this has not been shaken.

Mr. Jackma has an entrepreneurship competition, and if we follow the trend and imitate it, it is very boring, and it is easy to be accused by others of being uncreative. ”

Zhang Yida spread his palms and introduced in detail the identities of Xu Xiaoming and Shen Beipeng, who were sitting next to him, and the venture capital funds he was in charge of.

Onu's eyes are shining, black-shirted capital, he has heard of it when he studied in the United States, it is not bad.

Although Zhenke Fund is not so famous, he heard Zhang Yida introduce him as the first round of investors in Ruixiang, which must also be a big venture capital company.

"I don't like bells and whistles, I prefer actual combat. ”

Zhang Yida didn't mean to belittle Jack Ma, after all, people did a good job of throwing thousands of pounds in four or two.

Onu turned his attention to Zhang Yida again, and listened to the latter say: "Ruixiang and Transsion, as well as the two investors next to me, as well as some entrepreneurs and investors who have not come from China, plan to set up an equity investment fund focusing on the African technology market.

It's called the Wakanda Fund!"