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When Peace Itimi started working remotely from Nigeria, she promised herself she would stay in Nigeria, until the Lekki toll gate killing scared her out of her wits. Today, Itimi has spent 9 months away from Nigeria but doesn’t miss the country. ....
Share: London s position as a tech hub is under pressure as the rise in remote working accelerated by the impact of a third lockdown has led to an exodus of startup talent. On paper, the city remains a big draw for UK venture investment. In 2020, VCs injected £8.4 billion (about $11.5 billion) into London startups, an increase of 18% from last year, PitchBook data shows. Even so, physical offices remain vacant in some cases permanently as companies adapt to a new reality of remote working. I am seeing teams who used to have an office in London now working on a remote basis across the UK, and sometimes Europe, with team members often returning home to ride out the pandemic, said Chris Smith, managing partner at London-based VC Playfair Capital. ....