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Business Angels in Africa
Africa has developed from a continent once viewed as a lost cause to a land of vibrant opportunity, particularly when it comes to business angel investments.
While many countries today are facing the dilemma of an ageing population, the majority of the 1.2 billion Africans living on the continent are young, ambitious and entrepreneurial. Entrepreneurs are a critical driver of innovation and development and there’s a growing consensus that the future of African development will depend on the success of entrepreneurs that are able to build scalable companies. Fortunately, the spirit is alive in Africa, with an increasing number of start-ups in ICTs, Agribusiness, e-Commerce, Fintech, Edutech, eHealth, Renewables and Education. These are youthful entrepreneurs who have been reshaping the face and future of a continent where over 50 percent of the population is under 20 years old.
Globally, the shift in the technology sector, moving from relatively stationary devices like desktop and laptop computers to fully mobile devices like smartphones, tablets and wearables continues unabated and newly emerging technologies such as drones, green energy and cryptocurrencies are all expected to grow exponentially in the coming years. Africa’s technology adoption rate is rising and steadily catching up with the rest of the world with its use of mobile digital technologies increasing and the…
