Daily Archives: March 17, 2012

Technology: 30 brilliant African tech startups

Technology: 30 brilliant African tech startups

By – memeburn.com
March 09, 2012 |   Comments

The methodology behind this list of startups had two simple directives. First, the startup had to have African roots and secondly it had to be brilliant.

More specifically, we were looking for that type of brilliance that exudes intelligence, talent, quality or simply, something fresh. Of course brilliance, like most things in life, is subjective, so we went into this journey with an open mind. Tabula rasa if you will and we hoped to recognise brilliance when we saw it. We did, over and over again.

Why did we focus on Africa? The continent’s one-billion people are coming online and 600-million of them already have mobile phones. It is estimated that by 2040, Africa’s working age population will be the largest in the world, making for a large number of young, active consumers — the brand conscious, aspirational demographic businesses covet. In the last 10 years 117-million Africans have migrated to cities, establishing a larger, wealthier concentration of people in need of goods and services and making Africa more urbanised than India and almost on par with China. Consumer spending grows by four percent a year and by 2020, Accenture estimates that poverty levels in Africa will fall to 20% from nearly 45% percent in the1980s.

The secret is out. Wired likens the opportunities in Africa to those of the pre-dotcom boom in 1995. Says the magazine: “If you want to become extremely wealthy over the next five years, and you have a basic grasp of technology, here’s a no-brainer: move to Africa.”

So what opportunities are indigenous African tech startups seizing? Let’s take a look. Please note that this list is not exhaustive by any stretch of the imagination. Instead, consider it a sampling of African talent and be sure to let us know about brilliant startups that should also be on this list. We look forward to hearing from you and compiling a sequel to this article.              [ Read  more ]

also read:  Want to become an internet billionaire? Move to Africa

also read:  The hopeful continent  – Africa rising

also read:  Out of Africa: A generation of consumers on the rise

—- Post #1201

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