The Inflection Point: Africa’s digital economy is poised to take off
Endeavor is a leading global community supporting high impact entrepreneurs to transform economies and build thriving entrepreneurial ecosystems in emerging markets around the world, operating throughout Africa, Asia, Europe, Latin America, the Middle East, and North America. They do so by screening, selecting, and accelerating these high impact and innovative entrepreneurs who are building transformative companies.
The digital economy in Africa has seen huge growth and is currently estimated at $115 billion with projections of reaching $712 billion by 2050 due to the vast digital opportunities. I find it amazing that between 2020 and 2021, funding for digital startups grew 2x faster than global rates. Now that investors are taking note of this, they are increasing their activity in Africa and the growth seen is driven by strong underlying fundamentals, accelerated by COVID-19. Endeavor Nigeria say “Going forward, investors who are keen on investing in Africa should consider the wealth of opportunities available and also be prepared to adjust their business models accordingly to capture these opportunities.” Learn more about The Inflection Point at bit.ly/EMTIP2022 and more about Endeavor Nigeria at https://endeavornigeria.org