Connectivity expected to drive entrepreneurship across Africa – World Mobile
The expansion of Internet connectivity in Africa will be a key contributor to an anticipated increase in entrepreneurial activity over the next three years on the back of an improved environment for business and greater political stability, a study undertaken for blockchain-based mobile network operator World Mobile shows.
More than half (54%) of senior executives from Tanzania, Angola, Botswana, Cameroon, Ethiopia, Ghana, Nigeria and South Africa surveyed say dramatic improvements in Internet connectivity will help support the rise of entrepreneurs across the continent.
About 91% of respondents believe the environment for doing business in Africa will improve, while 70% are optimistic Western countries will increase their investment in the continent.
Further, nearly two-thirds, at 65%, say greater political stability on the continent is boosting entrepreneurship and 59% of the business leaders say better education will support new entrepreneurs.
The study with African business leaders, from companies with combined annual revenues of more than $6.75-billion, also found that 70% of them expect improvements in entrepreneurial activity, with 15% predicting a dramatic improvement.
“The African Development Bank has estimated that Africa is the world’s most entrepreneurial continent, with millions looking to establish businesses. The business environment and political stability are important to helping them, but crucially there is also the issue of Internet connectivity, which is vital for most new businesses,” World Mobile CEO Micky Watkins says.
“It is good to see business leaders are confident, but more needs to be done. Launching new businesses will help to unleash the potential of the continent and raise living standards,” he adds.
Comments
The
content
you are trying to access is only available to subscribers.
If you are already a subscriber, you can Login Here.
If you are not a subscriber, you can subscribe now, by selecting one of the below options.
For more information or assistance, please contact us at subscriptions@creamermedia.co.za.
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation