Necessity is the mother of invention, and in Africa it has been the mother of innovation.
For many years Africa was built on clay. To the rest of the world, Africa had refused to adopt new technology that gives privilege to use of modern materials. To Africans themselves, there was still innovation with Mud. I call that "Innovation out of Necessity” That's what we are about. Necessity is the mother of invention, and in Africa it has been the mother of innovation. While the continent is vastly different, the level of innovation has been interesting to watch, largely fueled by the equalizing nature of technology and mobile telephony. It was predicted that by 2016, the African population will reach 1 billion people, the majority of whom are under 30, and with 1 billion mobile devices, safe to say, the poorest in Africa has a mobile phone. There is greater mobile penetration than electricity penetration. Now, people are able to connect, get news, trade, get access to healthcare and even transfer money. We will go through some of technological innovations that have shaped the continent and influenced the world of tech. And how Africa is leading in Innovation Revolution. For the first time, we are seeing a trend of being technology generators rather than just adopters, and we are seeing more innovators from the west move to the continent due to an easier, and in some cases non-existent, regulatory environment, which enables greater experimentation in the market with few competitors. These include new drone technology for the delivery of goods to leapfrog the infrastructure divide. Overall, there seems to be good news for the continent, as Africa looks to technology to catalyse new areas of growth, a good example being East Africa, with Rwanda and Kenya in particular championing the need for an enabling environment.
For many years Africa was built on clay. To the rest of the world, Africa had refused to adopt new technology that gives privilege to use of modern materials. To Africans themselves, there was still innovation with Mud. I call that "Innovation out of Necessity” That's what we are about. Necessity is the mother of invention, and in Africa it has been the mother of innovation. While the continent is vastly different, the level of innovation has been interesting to watch, largely fueled by the equalizing nature of technology and mobile telephony. It was predicted that by 2016, the African population will reach 1 billion people, the majority of whom are under 30, and with 1 billion mobile devices, safe to say, the poorest in Africa has a mobile phone. There is greater mobile penetration than electricity penetration. Now, people are able to connect, get news, trade, get access to healthcare and even transfer money. We will go through some of technological innovations that have shaped the continent and influenced the world of tech. And how Africa is leading in Innovation Revolution. For the first time, we are seeing a trend of being technology generators rather than just adopters, and we are seeing more innovators from the west move to the continent due to an easier, and in some cases non-existent, regulatory environment, which enables greater experimentation in the market with few competitors. These include new drone technology for the delivery of goods to leapfrog the infrastructure divide. Overall, there seems to be good news for the continent, as Africa looks to technology to catalyse new areas of growth, a good example being East Africa, with Rwanda and Kenya in particular championing the need for an enabling environment.
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