Itana (originally founded as Talent City) is a

Nigeria Nigeria, officially the Federal Republic of Nigeria, is a country in West Africa. It is situated between the Sahel to the north and the Gulf of Guinea in the Atlantic Ocean to the south. It covers an area of . With Demographics of Nigeria, ...

-based company building the first Digital Free Zone in

Africa Africa is the world's second-largest and second-most populous continent after Asia. At about 30.3 million km2 (11.7 million square miles) including adjacent islands, it covers 20% of Earth's land area and 6% of its total surfac ...

. It enables businesses to operate and function in Nigeria, and Africa without being physically present in the country. The name "Itana" is derived from the word "Itanna" which means "kindling of a fire" in

Yoruba language Yoruba (, ; Yor. ) is a Niger–Congo languages, Niger-Congo language that is spoken in West Africa, primarily in South West (Nigeria), Southwestern and Middle Belt, Central Nigeria, Benin, and parts of Togo. It is spoken by the Yoruba people. ...

. Itana is currently in its beta stage and plans to go live in the first quarter of 2024.

History

In January 2020, Iyinoluwa Aboyeji announced that he and his team are building a futuristic city to support the digital economy. In August 2020, The Government of Nigeria announced her intention to work with Future Africa in deploying technology to ignite interests and collaboration in the country's free trade zones. In January 2022, Itana acquired its first physical location - a 72,000 sqm plot in Alaro City, Lekki Free Zone, Lagos. The emerging city is expected to be home to 1,000 residents and 2,500 remote workers. In 2023, the company raised US$2 million in a pre-seed round from LocalGlobe, Amplo, Pronomos Capital, and Future Africa.

Community and infrastructure

Itana has launched a digital residency program to bring together startup founders and operators to build for Africa. The Itana District is set to be a live-work-build environment on a 72,000 sqm plot in Alaro City, Lagos, Nigeria.

Investors and partnership

Itana is supported by the Nigerian government through the Nigeria Export Processing Authority (NEPZA). LocalGlobe, Amplo, Pronomos Capital, and Future Africa are investors in Itana.

References

{{reflist, 1 Nigerian companies established in 2022