How and where to invest in Africa: The next investment frontier
Wednesday, April 14, 2021
America: the land of opportunity… right? The world is changing — innovation is everywhere around the globe, and it’s time to set our sights on a new land of opportunity — Africa. Chances are, you attribute tech unicorns to Silicon Valley, but consider that Africa is on the financial rise. In the year 2019 alone, the five fastest-growing economies in the world were in Africa (Ghana, South Sudan, Rwanda, Ethiopia, and Cote d'Ivoire) — and were expanding at a rate of more than double the worldwide average.
Large technology companies are also flourishing on the African continent — everyone from Google AI Lab, Facebook, and Microsoft have been developing significant investments into Africa. What’s more is that Flutterwave is now valued at over $1 billion — several African unicorns already exist and more are likely to be on the way.
Technology isn’t the only industry undergoing a renaissance in Africa. Industry standouts are happening in everything from agriculture and healthcare to education, energy and finance.
Not sure where to start? Check out the following infographic on how and where to invest in Africa with meaning at Empower Africa:
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