Last year everyone was curious about Mark Zuckerberg’s visit to the African continent, wondering why he was there and what he meant when he said “The future will be built in Africa”.
Well first it’s the people. According to a report by the African Development Bank (AfDB), UN Development Program (UNDP), UN Economic Commission for Africa (ECA) and Organization for Economic Cooperation and Development (OECD), with 200 million people aged between 15 and 24 (a figure expected to double by 2045), Africa has the youngest population in the world.
Then there’s the economy. Conventional wisdom documented by the Economist and Time Magazine now has it that Africa went from a “hopeless continent” in 2000 to “Rising Africa” in 2012 and an economy with a 5% GDP growth rate in 2016. The continent’s changing economic fortunes have been in a large part due to its rich natural resources and youthful human capital driving the private sector in spite of historic public sector challenges.
However, it’s really the entrepreneurial spirit that’s driving the changing narrative. The African early stage investment ecosystem today is a dynamic cocktail of young entrepreneurs, hubs …read more
Read more here:: The African Business Angel – An Early Stage Investment Opportunity