To get better We spoke to several investors and entrepreneurs in the region about their impressions and lessons from 2019 and their forecasts for 2020.
We asked for blunt answers – and were not disappointed.
These responses have been edited for clarity and length.
Kenny Ewan, Founder / CEO, Wefarm (London)
I was often faced with questions about how we can generate revenue in markets like Africa. In the past, there was a belief that you could do something good or make money – and companies that talk about developing markets tend to be drawn directly into the former. While there has been talk of entrepreneurial businesses that are experiencing tremendous growth for some time now, 2019 has been a year in which conversations with investors and others have really turned into reality, and this is due to the fact that more and more evidence is being provided by Startups across the board.
As more companies realize that they don't have to wait for the Internet to fall from the sky for these markets to become hubs for trade and innovation – and see that this is already happening – I believe that 2020 will continue to experience more and more More historic tech companies are shifting their focus to markets like Africa and this will lead to more reporting and discussion.