Africa’s Innovation Industry is Promising

The rapid growth of digital skills in the continent is poised to accelerate as it is now home to 643 innovation hubs. Investors are more bullish than ever on the sector, as VC fundings reached a record-high this year. However, challenges slacken the sector’s growth. According to a report by CryptoInvest, the internet penetration rate in Africa is the lowest in the world. The continent is still five years away from having a 4G connection. Like many other challenges, this is an infrastructural problem. Most of the continent’s internet is by low-speed dial-up connections, concentrated in Egypt, Kenya, and South Africa. Despite these challenges, notable innovations still come out from Africa. Innovators defy the odds to prove that technology is Africa’s diamond in the rough and is worthy of the world’s attention.

SOURCE: VENTURES AFRICA