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ICT Insight

Issue 80 2021

There’s no question that Africa remains an attractiveproposition for investors, especially those wanting to tap intothe growth of the technology and telecommunications sectors.

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News headlines affirm this, with a recent example beingGoogle’s US$1bn investment in connectivity, telecoms andstart-up operations.
Another example is the acquisition of pan-African paymentservice provider DPO Group by Dubai-based enabler of digitalcommerce, Network International, in a landmarkUS$291.3-million deal.
Market research shows that tech start-ups and innovationcontinue to dominate Africa’s business landscape.Accordingto The Finnovating for Africa 2021: Reimagining the Africanfinancial services landscape report, there are 576 active fintechstart-ups in Africa, which represents an increase of 89%between 2017 and 2021.
The annual African Tech Startups Funding Report 2020reveals that new funding records were set over the course of2020, as 397 start-ups raised an impressive US$701.5-million intotal funding.
oth these figures are up substantially on the previous year, with the number of funded start-upsincreasing 28% on 2019, and the funding total growing by 43%.In this edition, industry experts delve into cloud, AI, and the application of new solutions within thebanking and government sectors.
This bodes well for the progress of the continent’s digital transformation agenda and its ability toleverage 4IR-focused technologies.

Chris Tredger
Editor

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