How is innovation in Africa different from innovation in Silicon Valley? How can this kind of innovation in Africa be encouraged?
The Africa Tech Summit is fast becoming the marquee technology event on the continent. It brings together more than 200 tech leaders, investors, entrepreneurs, governments, trade bodies, media and leading ventures to drive investment and business between Africa and Europe.
Organised by Appsafrica, the summit aims to bring together leading tech companies, investors, and entrepreneurs to explore key sectors in the continent to drive investment and business between itself and the rest of the world.
The fact that the African continent will have 700 million smartphones within five years is going to be game changing. From edu-tech to health-tech to ag-tech, all of these things are not going to be luxuries, they’re going to be norms. All this are as a results of the various startups that are increasing in the continent. Think about ecommerce, the fact that by 2025, Africa’s going to be spending $75 billion on online shopping just shows the potential of the African market. Traditional retail is going to be disrupted.
Additionally, the continent has been subjected to valid but external evaluations of competitiveness and entrepreneurship and innovation. Connection with Europe will further open Africa to new technological opens to increase growth and development in the nation.