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Innovative and disruptive technologies drive investment growth in Africa

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Africa's rising digital economy is unlocking new business and investment opportunities across the region.

Sunday 11, November 2018

African countries are expected to continue driving innovation in areas like service delivery, cloud computing as well as artificial intelligence and fintech.

In a statement, ALN Africa, stated that with 314 active tech hubs across the continent, it is estimated that tech start-ups attracted $560 billion on venture capital investment in 2017 ushering the continent in a new era of innovation.

Dominic Rebelo, Partner at Anjarwalla & Khanna, said, “Africa's digital revolution offers an abundance of opportunity across a wide range of areas – from fintech, insurtech and blockchain as well as the internet of Things (IoT).”

In order to boosts foreign and local investment, start-ups within Africa have been encouraged to create investment software for digitised company assets to further support the digital economy and inter-continental trade.

TAGS : ALN Africa, IoT, fintech, insurtech , blockchain

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