The untapped business opportunity in Africa

There are so many business opportunities in the world. But why has African countries been left out of these opportunities especially in the area of advancement of the internet.

In Africa, especially Nigeria, Ghana and South Africa, 40% of the population has a smart phone but the rate of technology advancement has been poor when compared with other countries in the world.

Greed and Corruption are whats robbing Africa from its true potential of getting to the next level, in terms of modern advancements
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Only few of the African population know what crytocurrency is all about, and there are huge development going on about the digital money in the world, but Africa still hold on the paper money as a major means of transaction.

Guinea’s Simandou mountain range is said to hold the world’s largest untapped iron ore deposits – worth billions of dollars.
Nearly 90% of the population in Liberia has no access to reliable electricity. According to Akwasi Aninakwah, DHL Express country manager, there is potential for greater hydro-electricity generation. Liberia has six major rivers – Mano, Saint Paul, Lofa, Saint John, Cestos and Cavalla – that drain over 60% of the country’s water. He cites opportunity to provide power for Liberia as well as other countries in the sub-region.

The telecommunications industry in Ethiopia is controlled by the state-owned Ethio Telecom. In 2015 it was reported that Ethiopia had 40 million mobile subscribers and 10 million internet connections, yet it has a population of over 90 million. Services such as mobile money are also in their infancy.

I believe that we should take the opportunity to create more awareness about these opportunities to Africans youth who are the future of the Africa so that in the next 10 years we will be part of the development of the technology advancement in the world.