Investing in African startups

“Africa is a forerunner in mobile technology”

Those looking for the most innovative technology in mobile telephony, need to Africa. Suggests that Bill Zimmerman, a U.S. investor in African Internet.

450 million African Callers

Zimmerman worked in the U.S. including Microsoft, Visio, and the investment iStart Ventures. He claims that of the 1 billion 450 million Africans have a mobile phone, a number that grows annually by 12%. Under the slogan “trade, not aid” Zimmerman mediates between foreign investors and African start-ups. Additionally, he and his company housing Labs Limbe in Cameroon and guidance to startups, in exchange for 5% of the shares.

Eat or buy an app?

Similar companies in Kenya and iHub Bantalabs in Senegal. That the African market is heavily in development is recognized by Google and Apple, which is already very active in Africa. Internet is primarily via the phone, while the cost of an SMS message quickly but ten per cent of the daily wage of the lower income groups.

Investing in African startups

In South Africa, via Crowd Funding invested in start-ups, while Dutch VC4Africa this summer will offer the opportunity to start investing in Africa. The coming weeks will highlight True Internet entrepreneurs more Tuesdays at unexpected places in the world are working on innovative enterprises.

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About zia505

The world is changing right before my eyes. Sometimes I don't know how I will ever keep up. There are so many ideas floating around on this internet. If only I had the means to collect them....

One response to “Investing in African startups”

  1. Felix Kitaka says :

    Nice statistics.

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