Want To Be An Internet Billionaire? Consider Africa
Do you have a basic grasp of technology? Is your ambition to become extremely wealthy over the next five years, then it’s time to move to Africa according to David Rowan, Editor of Wired magazine. According to David, there is now a once-in-a-lifetime opportunity to build the next Zyngas, eBays and Groupons for a huge untapped local market of 1 billion people, I’m inclined to agree with David, I think there’s a huge opportunity for a new online bookshop, auction website, directories or online portals in Africa.
About this time last year, British Prime Minister David Cameron led a team of high-level delegation of corporate CEOs to Nigeria and South Africa, the two economic and political superpowers in Africa.
One might ask, Why Africa?
Yes there are negative factors that cannot be ignored, Yes there is lack of Transparency/Corruption – global competitiveness that varies widely by country, of course there is Political unrest, volatility in some countries, we can’t deny the fact that clean water, sanitation, electricity and other services are still inadequate in some areas but in the midst of the need, in the midst of the rough terrain lies huge opportunity.
Recently Helios Investment Partners raised a US $900 million fund for the continent, and Carlyle Group, another American-based global asset management firm, specializing in private equity raised a US $750 million fund specifically for the region
Out of the ten fastest growing economies in the world, six are from Africa. Where will you be making your own tech millions? Still sticking to the old ideas or getting on the bandwagon in an economy that is transforming very rapidly. Let me know your thoughts
Read more: http://techtalkafrica.com/want-to-be-an-internet-billionaire-consider-moving-to-africa.html/#ixzz2NniI91sR
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