South Africa, Nigeria and Kenya will be the key players in the African ICT sector in the next five years. A survey conducted by Africa Business Panel among 800 business professionals involved with Africa shows that these 3 countries were earmarked as the continent’s favourites when it comes to the future of the ICT sector.
Ghana, Egypt, Rwanda, Botswana, Angola, Uganda and Zimbabwe are the runners up and complete the top ten countries out of 53 economies on the African continent. Virtually all African economies show promising year-on-year growth. This is attracting the attention of the international investor community who increasingly see Africa as ‘the last frontier’ for attractive growth opportunities.
Research and numerous survey results among the international investor community consistently indicate that investors expect over half of the ten fastest growing economies in the world in 2011 to be African.
Whenkeremma Okezie, CEO at Geomarine Systems Limited, Nigeria: “South Africa is far ahead in ICT technology, infrastructure and culture. It can only continue to grow barring any economic shocks. Nigeria is rapidly growing rapidly its ICT culture and infrastructure. Power continues to be a challenge but, as always, Nigeria has the population to support most of the business opportunities available and at play. Kenya is increasing its ICT footprint too and, has a some local innovative talent to drive some heavy growth in the sector.”