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> Assuming this was fixed, though, I would recommend looking into infrastructure and technology products and services, especially those that are homegrown. Thes
by kazen44 8y ago
> Assuming this was fixed, though, I would recommend looking into infrastructure and technology products and services, especially those that are homegrown. These are what most countries need the most and the potential for their growth would be tremendous given the continent's population size.
infrastructure in africa is weird though, most of it goes from the resource rich lands to some port for export.
There is very little infrastructure between african nations in comparison, which hurts inter-african trade a lot, because it usually results in exporting to other countries being cheaper and using the resources to grow the trade between african nations.
Having an internal market (like the EU common market) allows for massive growth of the economies of different nations, it's a shame infrastructure for it does not exist (yet).
- michaelscott 8y agoAbsolutely. There is an African Union (AU), but it is a largely toothless organisation in practice and there is little real collaboration between nations on the continent. Again, it comes to leadership. Rwanda, as an example, has great business legislation but being a small, landlocked country it will be reliant on good legislation from its neighbours too in order to really blossom, and sadly this is largely missing.
- mh400 8y agoTotally agree that technology products/services have significant role to play in Africa, especially as we have leapfrogged lines and gone direct to mobile. I think the key point as you highlighted is is that its is homegrown - it took me a while to unlearn/adjust my approach when introducing data-focused products to in Addis Ababa, Ethiopia.