Africa Is Building Tech for the Real Economy
summary
Africa raises $5 billion in 2021 for tech startups while over 90% of startups find no financing; mobile-first solutions target a cash-dominant economy (about 97% of transactions remain cash) by connecting wallets and clearing cross-border trade. Real outcomes include AMSP Africa delivering over $2 billion of medical supplies to 32 countries, fleet-management and retail platforms cutting fuel and procurement costs, and education hubs training coders — all aimed at creating 30 million new jobs per year.
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