Why Tech startups in Africa is the monster we can’t ignore anymore
We have all witnessed in the past what tech startups can grow into if Facebook, PayPal, Alibaba just to mention but a few, is anything to go by.
Most of these monstrous ideas were born in garages and studio apartments by individuals many would have thought were insane to dream that their ideas would grow into anything worth paying attention to.
Today, those individuals control world economies and by far and large call the shots on the decision making tables of men.
The western countries can now claim to have come of age in this sector with so much to show to that effect. The new entrant/ infant/ new kid in the block is Africa.
With the current spread in technological advancements world over, Africa has placed herself in a very good position to rip all the benefits technology has to offer.
We have seen most African countries investing heavily on super-fast internet and adjusting their education curriculums to ensure maximum spread of tech knowledge to the younger generations.
With this in place, more and more young people have been coming up with very brilliant tech solutions for many problems initially solved manually requiring a bloated count of workmanship.
Considering the vertical and horizontal growth opportunities in Africa, the potential of tech startups is immeasurable.
Luckily Africa is proving to be equal to the task. Every other day, tech startup investors are busy advancing either seed capital, angel investments, equity financing or even grants.
Anyone investing in African startups at this point surely knows what they are doing. The next few years will be a true mirror of how fertile this space is for both inventors as well as investors.
What we all need to know at this moment is that Africa is young, Africa is growing, and with growth comes opportunities.
This therefore should keep all inventors on toes in order to answer the fundamental question of what these opportunities are, and what needs to be done.
Once that question is answered, the next step is finding the right investors to partner with and propel the idea to actualization. Prepare your minds to be blown by African inventions which are truly investment worthy!
You must be logged in to post a comment.