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27 November 2019

ICT Opportunities in North & West Africa

The ICT industry is gradually expanding in Africa with the aim of becoming a competitive force in the upcoming years. The continent is set to join powerful economies as a major player in the 4 trillion USD industry.

Meanwhile, Africa's GDP growth is projected to accelerate to 4% in 2019 and 4.1% in 2020, According to the African Development Bank (ADB) and never in the history of the continent has the population been as connected as it is today. Mobile penetration and internet usage increase are among the on earth and have soared during the last decade.

As Africa continues to play the role of an active incubator for tech innovations during the past years, the number of active tech hubs that foster innovation ecosystems and support startups have witnessed a 50% growth from 2016. Countries such as South Africa, Egypt, Kenya and most particularly Nigeria and Morocco in our focus regions, were all listed as some of the most thriving grounds for the development within areas such as fintech, app development, and ICT solutions on a continental level.

Please download our report for more information.

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