expanding into Europe and other parts of the world, betting on providing more affordable services with a growing tech talent pool, at a time when many established tech firms are cutting back staff.
“We can do it cheaper than India and cheaper than Eastern Europe because the cost of living here is way lower and we have the talent,” Olumide Soyombo, the co-founder of Bluechip Technologies said in an interview.In a slowdown in tech hiring, Africa stands out as an exception as the underserved populations on the continent outweigh inflation and slowing economies.
While Africa’s developer pool is still small accounting for less than 0.5% of the non-agricultural workforce, it is growing rapidly with the number of developers on the continent increasing by 3.8% to 716 000 last year, according to the Africa Developer Ecosystem Report by Google. Nigeria added 5 000 developers, the most of any country, to the ecosystem.
By leveraging its experience working with some of the biggest technology companies in the world, Bluechip projects the company revenues to increase to $250-million in the next five-years, primarily from the European market which is estimated to grow to $105-billion by then.