DCA Digital Digest: The problem with simply growing more tech hubs in Africa

1. The problem with simply growing more tech hubs in Africa

More than 130 new hubs have opened in Africa over the last two years, and there are still not enough. Many hubs get financial and technical support from foundations as well as tech and telco corporates among others. More recently, Facebook and Google have both rolled out significant new Lagos centers, with NG_Hub and Launchpad respectively. There are promises of more to come elsewhere.

2. Social Media Use Continues to Rise in Developing Countries but Plateaus Across Developed Ones

In recent years, there have been doubts raised about the overall benefits of internet access and social media use. Concerns or no, the share of people who use the internet or own a smartphone continues to expand in the developing world and remains high in developed nations.
READ ON>>

3. Africa should apply technology in finance, banking – experts

Africa’s financial sector, as a whole , is in need of modernizing and upgrading as a means of inclusion into the global financial system. There is a consensus in Africa that the economic outlook for the next decade will highly be driven by the service sector dominated by ICT and financial services.
READ ON>>

4.The Startup Ecosystem in Africa is Thriving

The innovation revolution in Africa is on a rise, from startups that not only bring major impact to the local countries but also cross these boundaries. They not only attract the attention of the users but also investors both regional and international.
READ ON>>