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Browsing: Africa’s digital transformation
Africa’s digital transformation has caught the eye of many investors, aspiring to profit from its rapid growth. Over the years, Africa’s fintech, e-commerce, and mobile industry have significantly grown, showcasing the continent’s untapped potential. Unfortunately, despite the valid efforts of several governments, Africa’s progress is currently experiencing difficulties.
Amazon is expanding its global reach and now eyes launching an e-commerce platform in South Africa by 2024. Africa’s e-commerce…
The AFDB is collaborating with Google to advance the continent’s tech usage in business. Both parties will harness emerging technologies,…
Africa’s digital transformation is quickly progressing as multiple local startups have continued redefining technology. As more businesses transition to a more digital platform, the demand for better infrastructure grows.
As a result, many companies have undertaken more responsibilities like security, storage, and netter network configuration. TelCables Nigeria is among the few African-based startups focused on providing businesses with the necessary infrastructure.
In recent news, the organization has launched Cloud2Africa, a new feature guaranteed to propel the adoption of cloud computing in West Africa.
Nigeria’s telecommunication sector has attracted a total investment of $75.6 billion since 2021. Kenya’s Safaricom is also among the success…
A report by The Women in Tech Africa Summit 2019 showed that despite receiving 50 per cent less venture capital funding, global technology firms led by female entrepreneurs typically achieve a 35 per cent higher return on investment than those managed by men.
In the first half of 2021, African startups raised US$1.19 billion. However, female CEOs raised just 14 per cent of the financing, up from 2 per cent for the same period in 2020.
The African Development Bank puts the funding gap for women entrepreneurs in Africa at US$42 billion.
This should encourage more investors to take a gamble on women-led businesses in Africa’s tech space as they offer promising returns.
Women in tech on the continent not only drive significant development in the African tech space, but they also simultaneously inspire young girls venturing into tech across the continent to do the same.