Investing in Africa might not have been the first area of the world where you thought about where startup innovations are happening when you first got your morning coffee, but it is time to broaden your horizons. It’s time to take a hard look at the fascinating trends that are happening across this continent. There are even unicorns emerging in Africa: a unicorn is a non-public company where its valuation is $1 billion or more.
Several countries in Africa are among the fastest growing in the world – Africa has the top 5 fastest growing in the entire world: Ghana (8.79%), South Sudan (8.78%), Rwanda (7.8%) Ethiopia (7.7%), and Cote d’Ivoire (7.4%), respectfully. In fact, they are growing at more than double the pace of the average nation in the world (3.2%).
Big tech has also placed his confidence in the heart of Africa as companies such as Microsoft, Google, and Facebook have already established significant presence there. Consider this: Africa is the only continent that is poised to achieve double digit economic growth over the next decade.
It’s time to learn more about investing in Africa – check out the following visual deep dive for more information from the Empower Africa network: