“Move over Asia, it’s Africa’s time now”
Asia has had its time, and the next big destination for investment and innovation is Africa, most specifically in the continent’s tech space.
This is according to Eric Osiakwan, managing partner of Chanzo Capital, an early-stage micro-VC firm investing in high-tech startups in Kenya, Ivory Coast, Nigeria, Ghana and South Africa.
Osiakwan was speaking during a panel discussion on investments in African tech at the recent Africa Technology Summit (ATS), hosted by the Meltwater Entrepreneurial School of Technology (MEST), where he said Asia has had its moment but “the next big place now is Africa”.
“Though some are thinking natural resources, I argue that it is tech,” he said. “Communication, content and commerce are the major areas. We are looking at how they affect health, market, education – gamifying education and making educational content more accessible.”