$40m of Opera ’s $100m investment in Africa to go Nigeria

Opera Mini management is  set to invest $100 million in Africa over the next two years to facilitate the growth of African digital economy.

According to the World Economic Forum, connectivity still trails behind the world at 21%, compared to 43% achieved elsewhere.  Hence, the majority of Africans still lack the basic skills that can enable them to take part in the digital economy. Hence the immediate need to provide all citizens with access to online tools and content for learning and doing business.

Surprisingly, Nigeria is expected to get between $30 million and $40 million of the investment within the period. The impact of this investment would be seen in the rise of Internet adoption in Nigeria and other part of Africa and it is expected to strengthen the continent’s online ecosystem with local partners.

Nigeria’s Internet subscription currently fluctuates around 90 million, the largest on the continent.

Meanwhile, to bring more first-time Internet users without the fear of high data costs or lack of local relevant content, he said Opera invests in developing a state-of-the-art artificial intelligence engine for smartphone users that will ensure content discovery is at the heart of the browser.

Monday stressed that Opera users in Africa will get fully personalised and localised content delivered to their browser, the entry point for their Internet experience while the data usage can be reduced up to 90 per cent.

He revealed that Opera is now working with over 47 top tier African publishers covering 107 websites on this initiative. Giving more insight into the deal, the Chief Operating Officer and Chief Security Officer for Opera, Lin Song, said bringing fast and affordable Internet access for all has always been Opera’s mission.

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