Browsing: trading in Africa

Data centers are Information Technology (IT) facilities responsible for the management of data in an organization. Data centers house state-of-the-art computing infrastructure with very powerful machines. Traditionally, data centers were associated with extensive use of space and a lot of hardware components to support big data storage and management services. 

As technology evolves, the use and development of software-based data centers requiring less space are increasingly becoming more common. 

Cloud computing, a modern model used for data centers is growing in popularity in Africa. This technological innovation allows for an integrated approach to data management services such as storage, applications, and servers. Cloud-based data centers have lower costs compared to traditional physical data centers. Most cloud computing services are outsourced from well-established companies that have the resources and experience to do so. Companies such as Microsoft, Amazon, and Teraco continue to invest significantly in cloud infrastructure, globally.

High growth

Africa’s tech habitude is on the rise. Internet usage has risen significantly on the continent. On top of that, the advent of the coronavirus pandemic accelerated the prospect of growth in the digital sphere. E-commerce is one such opportunity that affords businesses access to broader market opportunities in every arena. According to McKinsey, a worldwide consulting firm, the e-commerce industry in Africa is expected to grow to a $75 billion industry by 2025.

E-commerce is growing. It is accelerated by a growing and youthful population that is increasingly exposed and has an appetite for greater efficiency and improvement of business to first-world standards. The African diaspora has also contributed to this growing demand as people have become more exposed to what is going on around the world. Technology itself dissolves existing borders and opens up trade regionally and internationally.…

Africa’s tech habitude is on the rise. Internet usage has risen significantly on the continent. On top of that, the advent of the coronavirus pandemic accelerated the prospect of growth in the digital sphere. E-commerce is one such opportunity that affords businesses access to broader market opportunities in every arena. According to McKinsey, a worldwide consulting firm, the e-commerce industry in Africa is expected to grow to a $75 billion industry by 2025.

E-commerce is growing. It is accelerated by a growing and youthful population that is increasingly exposed and has an appetite for greater efficiency and improvement of business to first-world standards. The African diaspora has also contributed to this growing demand as people have become more exposed to what is going on around the world. Technology itself dissolves existing borders and opens up trade regionally and internationally.…