Business
Africa begins to make impressive strides in technology
When thinking of African economies the time has come to think of tech innovation. Africa is making great technological strides, not only keeping up with the rest of the world but now providing serious competition in the global marketplace.
One area of innovation stands out in particular – apps.
These pieces of software are taking the continent, and world, by storm. In fact M-pesa, a mobile money transfer App first used in Kenya, is the most used app in the world, running 200 transactions per second.
African apps are built for the local market and are representative of the situation on the continent.
They can be accessed by a high number of individuals because many of them are based on mobile text messaging and not just web applications. This is useful on a continent that, according to the global mobile phone operators’ body, the GSM Association, is now second only to Asia in terms of mobile penetration, growing 20 per cent annually over the past five years.
