
African Business Arena considered more ideal for startups
When investors set to identify locations to invest, Africa is less likely to come to mind yet the investment scene in Africa has experienced a surge of activity over the last few years, fueling speculation that Africa could be the next big startups hub.
Innovation has accelerated with new ideas and technologies spreading across the region. Among the sectors that have really thrived in Africa are eCommerce and mobile industries. In addition, sub-Saharan Africa was estimated to see GDP growth of around 5% in 2014. This has been realized with the economic scene evolving rapidly. That’s substantially faster than the developing-country average.
According to focus economics, Africa expects an economic growth of 3.2% in 2017. In addition, the African population is more quick to adopt new s