When you think of unicorns and the latest startup with growth potential, where do you think? Most likely Silicon Valley, perhaps either New York or Austin, Texas. You might be surprised that there are many areas of opportunity happening all over Africa. In 2019 alone, the 5 fastest-growing economies in the world were in Africa (namely Ghana, South Sudan, Rwanda, Ethiopia, and Cote d'Ivoire) - and were expanding more than twice the worldwide average.
Big tech such as Google AI Lab, Facebook, and Microsoft are also expanding their global footprint with significant investments and bases in Africa. There are even now tech unicorns in Africa - Flutterwave is now valued at over $1 billion.
Many other industries are flourishing in Africa as well, such as agriculture, healthcare, education, energy, and finance.
Africa is a new land of opportunity that has arrived and is having a moment. Check out the following visual deep dive on where to invest in Africa and how to join a membership with meaning at Empower Africa:
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