Quote by Olumide Soyombo: “Technology enables us to leapfrog traditional development paths.”

This means that technology allows developing regions to bypass older, slower stages of industrial and infrastructural growth. Instead, they can jump straight to modern, efficient solutions, accelerating progress in areas like finance, healthcare, and education much faster than traditionally possible.

Soyombo, an investor focused on African tech, often discusses how technology can rapidly transform developing economies. This statement reflects the reality of many African nations adopting mobile-first strategies and digital solutions to address development challenges, bypassing older, more resource-intensive methods.

Nigerian entrepreneur and angel investor who co-founded Leadpath Nigeria and has backed numerous African tech startups. He is among the most active early-stage investors on the continent and a prominent voice in the African startup ecosystem.