The world, and indeed the African continent is changing and growing rapidly. The future of tech in Africa cannot be overlooked as Africa is blessed with an abundance of human capital, well-positioned to take advantage of the emerging advances in digital technology across the continent.
Although many African countries face challenges related to infrastructure, security, education, and a host of others, the young people have forged paths towards sustainability for themselves and their families through tech and innovation. The sheer energy, passion, and ingenuity of the young people in Africa, of whom 60% are below the age of 30, are part of what has made the continent a ‘darling’ of the tech world today.
In Africa, there has been an extraordinary growth of tech hubs- places where coders, web developers, graphic designers, hackers, entrepreneurs, and individuals with great minds can come together to create new digital products and set up businesses, all championed by young people. As a result of these hubs, there is currently an explosion of mobile applications developed by coders on the African continent. NGOs, venture capitalists, investors, donors, or technology providers all over the world are looking to explore and tap into the vast human capital in the African market.
According to a January 2018 report by the New American Economy, African immigrants boast of higher education levels than the overall US population. 40% have at least a bachelor’s degree and about 33% have degrees in Science, Technology, Engineering and Maths (STEM)
Tech-hubs in Africa are currently powering some innovative youth-led initiatives like the Science Set in Ghana, Fundi Bots in Uganda, and N-Power in Nigeria, thus improving Science, Technology, Engineering, and Mathematics (STEM) education. The health sector is also benefiting from similar digital solutions engineered by young African innovators. For example, Felix Kimaru in Kenya is contributing to the improvement of maternal and child health through a mobile tracking system called Totohealth, Nigeria’s Osh Agabi has developed a neurotechnology device that can detect both explosives and cancer cells, Brain Turyabagye, a Ugandan innovator has created a smart jacket that can diagnose pneumonia four times faster and with more accuracy than a doctor. These innovations demonstrate great transformative potential, bypassing many of Africa’s structural challenges to inclusive development.
The entertainment and media space in Africa has also been phenomenal and has experienced great changes in the last decade with the growth of the internet and the proliferation of new devices that have lead to the introduction of streaming services. This technological advancement in the film and music industry has offered a lot of job opportunities for young people in the industry. For instance, Nollywood, the second largest film producer globally, is estimated to achieve $1 billion in export revenue by 2020 while creating a lot of jobs. The music scene isn’t left out with Afro beats reaching a global audience and African artists collaborating with globally renowned artists.
Across Africa, Silicon Valley-inspired networks are developing. There is an existence of about 200 African innovation hubs, 3,500 new tech-related ventures, and $1 billion in venture capital to a pan-African movement to startup entrepreneurs.
All these have been achieved in Africa, by Africans. We have all come out on top, irrespective of the challenges.
At Africa Prudential Plc— leading Registrar, Investor Services and Business Solutions provider with near fifty years of experience in the Nigerian Capital Market,
We recently invested in a state-of-the-art Innovation hub to house young software developers, User experience designers, system administrators, and other tech experts.
Our Innovation Lab offers a fun environment that encourages high-level productivity and collaboration among our Agile solutions development team.
This Innovation Lab is the playground where we engage in design thinking and development of all our first-class, superior digital solutions. Our competencies in digital technology span over advanced Agile and other SDLC (Software Development Life Circle) methodologies, Cyber Security, Cloud Computing, Design thinking, Blockchain technology, amongst others.
We deploy Platform as a Service (PaaS) and Software as a Service (SaaS), all of which are scalable for various sizes of organizations.
Our superior solutions have championed disruption in the Capital Market, to usher in a new era of automation and exceptional service experience. We hope to use technology in improving lives in Africa and to help reinvent its bright future.
Considering the recent development of tech in Africa, it is easy to get caught up in the excitement and harbor optimistic thoughts like;
Will the next Google spring up from Lagos?
Is the next Mark Zuckerburg already in Nairobi?
Has the next Elon musk been born somewhere in Uganda?
Could the next Silicon Valley be located somewhere in Africa?
Now, the answers to these are truly up to our young African talents.