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Micky Gramlin
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Micky Gramlin   My Press Releases

The Future Of Africa

Published on 8/15/2017
For additional information  Click Here

 

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I have been following Africa's economic growth now for five years. Not many people want to expand and grow in Africa. It is not an easy place to do business in and sometimes it can be outright dangerous. But the reward is very high for those that go and remain.

After four years of trial and error, I finally have established 2 contacts in Accra, Ghana in the last few weeks that have joined me in The ICANetwork. They may not be the only distributors in Ghana, but even so, there are very few. 

“The African continent is undergoing a massive digital transformation. Every industry is digitising, from banking to telecoms, and right at the centre of that are technology developers who are building applications that fit into that mission and supporting business to digitise their processes.”

“Because we have weak institutions and poor service delivery in Africa that leave millions of people on the fringes, [tech entrepreneurs] actually have the ability to reinvent society around infrastructure that is built with technology.”

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The tech scene across the continent is filled with examples of tech companies and entrepreneurs finding a gap in the market and plugging it with simple tech solutions, according to Iyin Aboyeji, co-founder of Andela and creator of digital payment service Flutterwave.

In Aboyeji’s native country, Nigeria, there are numerous example of tech companies doing just that, such as the online payment service Paystack and the e-health app LifeBank.

Future of African Tech

“We all know that we are living in the digital age and there is a huge deficit of jobs in Africa, and Nigeria has huge youth unemployment issues,” Says, Chika Nwobi, cofounder of Lagos-based Level 5 Lab (L5Lab).

“I think that we’re being unambitious about what we can do in the tech space,” says Nwobi. “When you’re very far behind in a race, you have to run faster just to catch the others. So I believe that if we are to be prepared for the coming age then we need to educate'

 

 

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Nigerian Tech Startups Go Back To Basics

April 24, 2017

 

In February 2017, the online video streaming platform iROKOtv made free downloads available at its kiosks across Lagos.

The company’s agents transfer files directly to customers’ devices using Wi-Fi, thus enabling them to bypass the high cost of mobile data in Nigeria. This is rather a bold offline move for an essentially online tech company.

In a blogpost, iROKOtv founder Jason Njoku explained the reasoning behind the kiosks, which first appeared late last year and will soon number around a hundred. Many potential customers “aren’t necessarily tech savvy,” he said.

 

“The African century may finally be at hand,” says ABB Group CEO

June 15, 2017

 

Having the world’s most youthful population and solid economic fundamentals, the continent is in the best possible position to benefit from the digital revolution. This will be achieved by leapfrogging outmoded models of industrialisation

In major urban centres, businesses often have to contend with power interruptions and must maintain expensive and polluting fossil-fuel generators. New technologies, such as sunlight and wind are bringing reliable and sustainable power within easy reach.

Enormous opportunities

Today, incomes and consumer spending are growing faster than manufacturing output, leading to rising imports of many types of goods that could and should be made within Africa, including food and beverages, processed goods and more sophisticated products like automobiles, chemicals and machinery.

New technology offers the means not only to scale up production and drive productivity at existing enterprises, but also to unleash a new generation of entrepreneurs. The internet revolution in telecommunications and financial services has already shown that Africa can leapfrog older and more established technologies.

More adults own cell phones in South Africa and Nigeria than in the United States, according to a study by the Pew Research Center. In East Africa mobile banking has become a part of daily life for millions

 

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With the digital revolution in industry, Africa has a similar opportunity to make rapid progress in industrial production. Industry, especially manufacturing, builds and runs the machines that enable agriculture and other sectors to become more productive. It provides the materials and tools to build and operate infrastructure.

It raises people’s incomes and opens up new opportunities for growth in the service sector. Manufacturing drives innovation, accounting for up to 90% of private-sector research and development spending.

By harnessing the complete value chain, and building a strong manufacturing sector with the help of technologies associated with the Energy and Fourth Industrial Revolutions, we may find the African century is finally at hand.

 

Thank you for stopping by!

 

Micky Gramlin

 

Source

African Business

 

ICANetwork

 

 

 

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