The African continent has
attracted numerous international investors seeking new business deals
across the continent. Africa is being promoted as the next global
technology hub and the continent is said to be on the brink of
unprecedented growth and prosperity.
Africa has experienced
rapid growth in the ICT sector and with over half a billion mobile
subscribers, the continent is set to become a choice destination for
According to Carsten
Brinkschulte, CEO of Synchronica, a UK based mobile messaging service
provider- “The negative publicity that plagues Africa as a business
destination is outdated. While corruption, poor infrastructure and
institutional bureaucracy can certainly make for a challenging
business environment, Synchronica has found the continent to be
incredibly entrepreneurial and backed up with a wealth of highly
skilled, resourceful and incredibly talented people”.
Here are 9 reasons to
invest in African ICT:
has improved over the past 5 years with new roads, airports, power
plants and communication networks projects being planned and rolled
out across the continent. According to NEPAD.org, in July 2010,
African leaders launched a new programme for infrastructure
development in Africa (PIDA), led by the African Union, New
Partnership for Africa’s Development (NEPAD) and African
Development Bank (ADB). According to the NEPAD.org website, the
initiative is said to have a budget of several billion dollars.
telecommunication companies that have taken the bold step of
investing in the African mobile industry are reaping a high return on
investment (ROI). A typical example is Bharti Airtel, a company that
is currently investing over $1 billion in its mobile operations in
3. Mobile Money
transactions are spearheading the future of banking on the continent.
Safaricom Kenya’s M-Pesa is currently dominating the East African
mobile money landscape.
4. Mobile Internet
Africa has experienced a
massive boom in mobile phone access with more than 500 million active
mobile phones across the continent.
e-Government has arrived
in Africa and great progress has been made to fully implement
projects such as sms gov services and setting up information kiosks
at various community centres.
There’s been a
significant progress in Africa’s broadband investments with high
capacity broadband projects being rolled out across the continent.
The use of mobile
technology in African commercial farming is gaining momentum. Mobile
phones are currently being used by farmers in various African
countries to determine daily farm prices in local markets, , process
orders and to issue warnings of an imminent drought or severe rain.
e-Agriculture has fast revolutionised communication between
subsistence and commercial farmers.
This is not strictly ICT
related but energy generation is one area we felt should not be left
out of any discussion on investment opportunities in Africa.
9. E- Healthcare
African Scientists and
health professionals are using the latest technology to diagnose some
of the continent’s most deadly diseases.
(Source: IT News Africa)Full Report