The penetration of mobile web in Africa is on the rise, and we predict that it will be as powerful as the mobile phone itself. Along with the increased presence of mobile web, we’re seeing an ecosystem growing around it. This includes everyone from Vodacom and IBM to small startups at m:lab in Nairobi. This week, we’ll look at recent highlights that bring these players together, both big and small, to facilitate the growth of … read more
Mobile money’s increasing prevalence in Africa is spurring conversations, support for accompanying innovations, and larger efforts for financial inclusion.… read more
This week, we read about growing entrepreneurial opportunities in our target investment markets: India, Africa, and Latin America. The movement of human and financial capital in (and out) of emerging markets is increasing steadily thanks to changing demographics and blossoming economies. This presents exciting opportunities for investors and entrepreneurs alike.… read more
At the start of the New Year, many reports predicting tech trends for 2012 in Africa pointed to the increased adoption of smartphones. We agree — that is where the market is headed – but it’s important to remember that a high penetration of smartphones is still quite a few years away. Currently, most Africans own a basic Nokia “dumb” phone. This week, we looked at articles reporting on the adoption of smartphones and … read more
The idea that renewable energy can increasingly meet the energy requirements of emerging markets at grid-parity is a regular topic of discussion. Both the public sector and the private sectors are searching for ways to meet global energy requirements while decreasing dependence on unsustainable source of energy. Instead of the global oil markets, the usual suspects, now the radical advances in solar cell efficiency, declining costs of raw materials, and large-scale strategic initiatives from both … read more
2012 is going to be a big year for mobile money and financial inclusion. Below we highlight a few of the stories describing the increased adoption of mobile money (beyond Kenya) and the continued growth of financial inclusion and other benefits offered through mobile phones.
“A Mobile Money Wish List for 2012” by Will Mutua on Afrinnovator
As a follow up to Mbwana Alliy’s prediction that increased mobile money services in Africa … read more
Africa is getting a lot of attention for its promising future, and it’s largely well deserved. The continent has six of the ten fastest growing economies in the world (The Economist, 2011) and the folks at McKinsey predict that it will have the world’s largest middle class by 2020 (Ottela & Russo, 2011).
Despite the astounding growth, there is still a big gap between the high-growth nations in Africa and other developed … read more
The Kenyan Context
In honor of our upcoming event, Clean Tech That Matters, it’s only appropriate to report on articles discussing clean tech and alternative energy opportunities in emerging markets. Anytime you can get a group of ambitious techies, entrepreneurs, and investors in the same room, seeking extraordinary innovations in a time of favorable policy developments and continued market growth, it’s a time for celebration. If you like what you’re hearing, come find out more at Greentown … read more
The Rich People
Editor’s Note: This is the first post in a series from Sean Smith, who recently moved to Nairobi, Kenya to open Invested Development’s East African office.
|Image Courtesy of SlimTrader|
In response to the slow but steady increases in smartphone adoption and data usage in Africa, developers are releasing mobile applications to increase interoperability in the mobile money industry. This week, we read about new mobile apps appearing in emerging markets that increase access to financial services. We also read about mobile Internet access throughout Africa that allows for the adoption of such services. Africa is leveraging mobile technology for social change.
|Cairo’s Tahrir Square during the Revolution via Wikimedia Commons|
After the Egyptian Revolution of 2011, a man named his daughter “Facebook” in honor of the site’s mobile app and the role it played. On Twitter, #jan25 was trending for weeks, as Egyptians tweeted from their phones to report on the protests. Despite the government’s best efforts to cut off communications, protesters were able to organize through mobile technology. It’s clear that few places in the world … read more