Audio By Carbonatix
From the largest technology companies to early stage investors, American high tech companies and venture capitalists are increasingly supporting startups across the African continent.
Whether it’s the 16 mobile apps in Botswana that Jim Goetz mentioned in his take on Facebook’s acquisition of WhatsApp; the launch of IBM’s new innovation centers in Lagos and Casablanca; Microsoft’s partnership with three incubators in Africa, or the African Development Bank’s recent summit on how to engage the private sector more effectively, African entrepreneurship is on investors' minds.
In fact, 2013 was the most active year for technology investment on the continent, according to data from CrunchBase.
And Africa’s community of entrepreneurs is only growing. Those IBM Innovation Centers in Lagos and Casablanca will give founders of new tech companies access to IBM technology and expertise around big data, analytics, and cloud computing, as well as skills training and business and marketing support.
“In the last decade we’ve seen a lot of transformation [in Africa]. There’s increased stability and a lot of bandwidth that’s come on line, tremendous economic growth, plus a lot of infrastructure being built and a lot of foreign investment,” said Solomon Assefa, an IBM researcher and vice president of Science and Technology.
Assefa, who also currently serves as a Program Manager for Growth Markets and Strategic Initiatives in Science and Technology at IBM, said the goal is to create an ecosystem where entrepreneurs can create new products using existing technologies. “We believe Africa is vital and we think IBM is going to be very very essential for productive growth and development.”
Latest Stories
-
Bawumia focused on delegates, not rivals – Dominic Nitiwul
1 hour -
We should never lose in 2028 – Nitiwul frames 2028 as a do-or-die election for NPP
2 hours -
We have no time to market anyone else – Nitiwul says NPP’s 2028 ticket is already Bawumia’s
2 hours -
Losing 2028 elections would be catastrophic – Nitiwul warns NPP against first-timer gamble
3 hours -
Actor Kiefer Sutherland arrested over alleged assault of ride-share driver
3 hours -
Claudette Colvin, US civil rights pioneer, dies at 86
6 hours -
Bawumia has no threat – Nitiwul says campaign is not about running others down
6 hours -
Rosenior to talk to Sterling and Disasi about Chelsea exile
7 hours -
Man City take control of semi-final with Newcastle
7 hours -
Salah-Mane rivalry renewed in AFCON semi-finals
8 hours -
What does Trump’s foreign policy mean for World Cup?
8 hours -
Carrick confirmed as Man Utd caretaker head coach
8 hours -
CPS & JoyNews to hold public lecture on Ghana’s move to back currency with gold
9 hours -
Africa Education Watch supports calls for review of SHS teachers’ manual, curricula over gender controversy
9 hours -
Ntim Fordjour demands review of SHS teachers’ manual over gender controversy
9 hours
