Technology & Telecoms
With a large, young population – 43% of Africans are under 15 years old – and a fast-growing middle class, Africa is well placed to take advantage of emerging technologies. What’s more, there’s little in the way of legacy infrastructure to get in the way. This means that, in the future, the continent could leapfrog other parts of the world in the provision of mobile telecoms, telemedicine, FinTech and drone deliveries, particularly if venture capital investment picks up as expected.
Sector at a glance
- 344% - The growth in mobile phone usage in Africa from 2007-16
- 314 tech hubs are active around the continent
- $608 million of venture capital investment in African tech start-ups is expected in 2018