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Companies need to be creative and find new business models to take advantage of the shifting makeup of their operating countries’ populations. Over the next five years, some African economies (Ethiopia, Mozambique and Tanzania, just to name a few) are likely to grow as fast as, or faster, than some of the recent Asian champions.
With more than one-third of the world’s population unbanked and more and more people using mobile phones, there is an outstanding opportunity for mobile payment technology to bring the financially omitted into the economic majority. Mobile payment technology removes the need for direct access to a bank or credit union.
Africa has most of the elements required for technology innovation. Alliy is managing partner of the Savannah Fund , a $10 million fund that will soon begin investing in technology startups in East Africa, including Rwanda, Tanzania, Uganda and Kenya. My 3G connection in Tanzania is better than what I get in San Francisco.
And it was really cool to see a company from Tanzania. Next Taha Jiwaji of Dar es Salaam, Tanzania, gave us an interesting snapshot of some opportunities opening up in Africa. With no other job portal operating in Africa so far, I suggested that could be a separate venture for him to explore. Don't spray and pray! Bongo Live!
Africa has most of the elements required for technology innovation. Alliy is managing partner of the Savannah Fund , a $10 million fund that will soon begin investing in technology startups in East Africa, including Rwanda, Tanzania, Uganda and Kenya. My 3G connection in Tanzania is better than what I get in San Francisco.
Africa has most of the elements required for technology innovation. Alliy is managing partner of the Savannah Fund , a $10 million fund that will soon begin investing in technology startups in East Africa, including Rwanda, Tanzania, Uganda and Kenya. My 3G connection in Tanzania is better than what I get in San Francisco.
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