Getting insights from the noisy coverage of Africa can be very hard. We’ve sifted through all the news and views and identified these recent stories which more accurately indicate what Africa’s cultural, and business ecosystems might look like in the near future. Read on and continue to stay one step ahead.
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Made In Kenya, Assembled In America: This Internet-Anywhere Company Innovates From Silicon Savannah – Fast Company: (BRCK) is essentially a mobile Internet router. It connects to the web in three ways: by plugging in a standard ethernet cable, by bridging with other Wi-Fi networks, or by accessing 3G or 4G data via a basic SIM card…While designed in Kenya, BRCK is manufactured and assembled deep in the heart of Texas, by a company called Silicon Hills. Located outside of Austin, the company has the key ability to iterate and do small runs. According to its CEO, BRCK couldn’t also be manufactured in Kenya because of the considerable import taxes and time delays when bringing components into the country.
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Infrastructure & connectivity key to Africa’s smart cities – IT News Africa: For a continent driven by mobility, Wi-Fi presents a significant opportunity to aid in the socio-economic development of people – particularly as it provides a cost-effective access solution to high-density areas such as those found in cities.
Fletcher cites the example of Kenya and Ghana that are heavily investing in building pre-planned technology hubs that have the capacity to be involved in the smart cities of the future. -
The Previously Untold Story Of Africa’s Mobile Revolution – Forbes: Africa’s mobile revolution has been called a phenomenon that “changed African nations more significantly than any development since their independence from colonial powers.” Today, Africa is even more reliant on mobile technology than the West. But one important story has remained untold. It’s the saga of how one person, imbued with entrepreneurial passion and surrounded by a supportive ecosystem of colleagues, helped launch an SMS text messaging service for real-time market pricing that eventually transformed the continent.
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Africa at work: Job creation and inclusive growth – McKinsey: Despite the creation of 37 million new and stable wage-paying jobs over the past decade, only 28 percent of Africa’s labor force holds such positions. If the trends of the past decade continue, Africa will create 54 million new, stable wage-paying jobs over the next ten years—but this will not be enough to absorb the 122 million new entrants into the labor force expected over the same period. However, by implementing a five-part strategy to accelerate the pace of job creation, we estimate that Africa could add as many as 72 million new wage-paying jobs over the next decade, raising the wage-earning share of the labor force to 36 percent…If Africa accelerates job creation, it could add 72 million additional wage-paying jobs by 2020.
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Africa’s testing ground – The Economist: Nigeria’s promise has made it a test-bed for the Africa strategies of consumer-goods firms. This is not only because of its size. It is also because of the spread of Nigerian culture—its music and movies—around Africa, says Yaw Nsarkoh of Unilever. The Anglo-Dutch company has been trading in Nigeria for nearly a century and is expanding its operations.Procter & Gamble, another global consumer giant, has just completed a factory near Lagos, its second in Nigeria..Just as Nigeria is used as shorthand for the business opportunity in Africa it is also a summary of the continent’s shortcomings.
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Report reveals sub-Saharan Africa’s 10 most competitive economies – How We Made it in Africa: More than half of the 20 lowest-ranked countries in the report are sub-Saharan, and many markets have insufficient infrastructure and poor levels of health and basic education…The region’s challenge is to turn high growth into inclusive growth and make the transition from agriculture-based economies to higher value-added activities.
