The final five qualifying businesses for the next round of the Ayo Scaling Africa Series have been selected. The series looks to assist tech entrepreneurs in taking their Series A businesses to the next level.
The ongoing Covid-19 pandemic has seen three major trends emerge as drivers of investment in Africa's commercial property space. Though this sector has certainly taken a big knock, and commercial office space is still slow to recover, we are seeing positive activity in light industrial property, data centres, healthcare and pharmaceuticals, and even in hospitality, throughout Africa.ByPeter Hodgkinson
India has sent a clear message that it is watching Africa closely, especially after the impressive US$10.7-billion move by Indian telecoms giant Bharti Airtel to take over Zain Africa's mobile operations in 15 countries. Speaking recently at Kenya's technology centre, iHub, Ankit Rawal, head of African advertising for mobile advertiser inMobi, spent some time explaining why Africa is at the centre of mobile's global growth, backing it up with solid research.
From its July 2010 statistics, InMobi reveals that Africa has recorded over 2.8-billion mobile ad impressions, which is an 18.5% growth from just one month previously (June 2010). That's an amazing figure, and amazing growth, by anyone's standards. Only 16% of that inventory is on smartphones.
InMobi's largest African markets, in order, are: South Africa, Egypt, Kenya, Sudan, Libya and Nigeria. It's important to note that there is a big difference between these countries and some of the others that we saw stats for. For instance, Mozambique, Tanzania, Angola and Namibia record only between 20 to 40-million impressions per month. There is a wide gap between Africa's tech leaders and the rest of the continent.
Memeburn Launched in April 2010 by Matthew Buckland, Memeburn is a news and opinion platform tracking tech culture, innovation and business. It plays particular attention to the web, mobile, social media, online media and social networking fields. Key opinion-leaders contribute to Memeburn, providing their insights on the online industry. Subscribe via email or RSS for regular updates. Follow memeburn on Twitter at @memeburn. Go to: http://www.memeburn.com
About the author
Erik Hersman is the founder of AfriGadget and is a contributor on www.memeburn.com.
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