search.noResults

search.searching

saml.title
dataCollection.invalidEmail
note.createNoteMessage

search.noResults

search.searching

orderForm.title

orderForm.productCode
orderForm.description
orderForm.quantity
orderForm.itemPrice
orderForm.price
orderForm.totalPrice
orderForm.deliveryDetails.billingAddress
orderForm.deliveryDetails.deliveryAddress
orderForm.noItems
AFRICAN TECHECOSYSTEMS OF THE FUTURE 2021/22 INTRODUCTION


On the rise: South Africa stormed to the top of the inaugural fDi African Tech Ecosystems of the Future ranking


the most famous fintech to emerge from the continent, mobile banking sensation M-Pesa. The creation of M-Pesa in 2007 revolutionised bank- ing across Africa and brought finan- cial inclusion to millions by provid- ing access to banking services through legacy mobile phones. The platform’s success launched Kenya’s tech ecosystem into the spotlight, with incubators, hubs and VC subse- quently flowing to the country. Over the years, Kenya has seensig-


nificant growth in the fintech start- up sector, with financial inclusion soaring in recent decades. In 2019, Kenya launched a Digital Blueprint, which targets more than 600 million people in 24 countries across Africa. The blueprint lays out a framework to transform the region into a sus- tainable digital ecosystem. Despite South Africa and Kenya’s


tech prowess, Nigeria topped all loca- tions for number of start-ups, with many of them operating within the fintech sector, taking advantage of the under-provision of banking ser- vices in the country. Although Lagos is renowned for its start-up ecosys- tem, there is a significant disconnect between the city’s tech ecosystem, its surroundings and the wider coun- try, which suffers from chronically poor infrastructure and education, and recurring political instability and security issues. This challenging environment prevents Nigeria from


April/May 2021 www.fDiIntelligence.com


excelling in any specific category of the fDi Tech Ecosystems of the Future ranking.


Outsourcingonthe rise Many countries in Africa benefit from a winning combination of a young, tech-savvy populationand the high-cost effectiveness of investing in Africa, and the continent isemerging as the next top destination for the outsourcing of businesses functions. Tunisia ranked top for Cost


Effectiveness in fDi’s Tech Ecosystems of the Future 2021/2022, and third for Human Capital and Lifestyle. The Cost Effectiveness category uses met- rics such as average salary for skilled workers and office rents to showcase the continent’s most cost-effective countries; the Human Capital and Lifestyle category evaluates the level of country-wide tech talent — some- thing that is crucial for any tech eco- system.


Zambia had the lowest average


salary for skilled workers while still making the top 10 locations for Human Capital and Lifestyle. Impact Enterprises, based in Zambia, is a business process outsourcing com- pany seeking to capitalise on the promising business climate by bring- ing outsourced digital jobs to the nation’s graduates. The company seeks to pioneer socially conscious outsourcing in Africa, offering cli- ents an average of 50% cost savings.


29


Page 1  |  Page 2  |  Page 3  |  Page 4  |  Page 5  |  Page 6  |  Page 7  |  Page 8  |  Page 9  |  Page 10  |  Page 11  |  Page 12  |  Page 13  |  Page 14  |  Page 15  |  Page 16  |  Page 17  |  Page 18  |  Page 19  |  Page 20  |  Page 21  |  Page 22  |  Page 23  |  Page 24  |  Page 25  |  Page 26  |  Page 27  |  Page 28  |  Page 29  |  Page 30  |  Page 31  |  Page 32  |  Page 33  |  Page 34  |  Page 35  |  Page 36  |  Page 37  |  Page 38  |  Page 39  |  Page 40  |  Page 41  |  Page 42  |  Page 43  |  Page 44  |  Page 45  |  Page 46  |  Page 47  |  Page 48  |  Page 49  |  Page 50  |  Page 51  |  Page 52  |  Page 53  |  Page 54  |  Page 55  |  Page 56  |  Page 57  |  Page 58  |  Page 59  |  Page 60  |  Page 61  |  Page 62  |  Page 63  |  Page 64  |  Page 65  |  Page 66  |  Page 67  |  Page 68  |  Page 69  |  Page 70  |  Page 71  |  Page 72  |  Page 73  |  Page 74  |  Page 75  |  Page 76  |  Page 77  |  Page 78  |  Page 79  |  Page 80  |  Page 81  |  Page 82  |  Page 83  |  Page 84  |  Page 85  |  Page 86  |  Page 87  |  Page 88  |  Page 89  |  Page 90  |  Page 91  |  Page 92  |  Page 93  |  Page 94  |  Page 95  |  Page 96