Liquid Telecom has released a new digital report showcasing the latest African innovation, which it supports through the region’s largest independent fibre network.
With nearly 200 million people between the ages of 15 and 24, Africa has the youngest population in the world.
This figure is set to double by 2025, ushering in a new generation with the potential to understand and solve pressing social and economic challenges by harnessing the power of digital innovation.
Across each sector, start-ups are unearthing new ways to do business. From finance and energy through to agriculture and healthcare, entrepreneurs are developing solutions, services and platforms that are helping to refine the supply chain and drive efficiency.
In the process, they are creating a better flow of information across the entire region, which is empowering businesses and consumers to make more informed and accurate decisions.
It is starting to shape the way people interact in the region’s rapidly growing urban areas, while bringing untold benefits to undeserved rural communities.
Analysis of the region’s key innovation hubs, which in particular identifies the potential of Kenya, Ivory Coast, Nigeria, Ghana and South Africa.
Together known as the KINGS countries, these five countries share an estimated 324.4 million mobile subscribers and 177.7 million internet subscribers, and offer insightful case studies into the development of African tech innovation.
With Africa’s start-up ecosystem still at such an early stage of development, access to fund and other critical resources are needed for it to make the next crucial steps.
Through a series of interviews with entrepreneurs, funders, market watchers and start-ups, the report identifies what is needed to better support start-ups and help them grow their business across the region and beyond
Increasing agricultural productivity is critical to lifting large numbers of rural households out of poverty.
The report also explores how technology and innovation can play an important role in supporting Africa’s agriculture sector by empowering farmers with information that can help drive efficiency and ultimately increase yield and profit.
High-speed, reliable connectivity underpins innovation, and the rollout of new networks is an important enabler for start-ups and the advancement of digital services.