Africa is quickly becoming the land of opportunity with many investors. The world post-pandemic is looking for new regions of opportunity and investment around the world. While you might be right that many tech unicorns reside in Silicon Valley, Africa among other regions are on the rise. Consider this - in the year 2019, 5 of the fastest-growing economies in the world were in Africa (Ghana, South Sudan, Rwanda, Ethiopia, and Cote d'Ivoire). All of these national economies were expanding at a phenomenal rate - more than twice of the worldwide average.
Africa is expanding rapidly in terms of global big tech. Companies that include Google (AI Lab), Facebook, and even Microsoft are expanding their African footprint. Tech unicorns are on the rise - that’s over $1 billion in valuation for private companies - Flutterwave for instance has joined the unicorn ranks. Other such companies are on the way to joining the unicorn club as well.
Other industries are having a moment in African investment circles as well - such as agriculture, healthcare, education, energy, finance, and more.
It’s not too late to get on the investment bandwagon - and invest with meaning. Check out the following visual deep dive on investing in Africa from Empower Africa:
Infographic by: empowerafrica