Africa is a continent that is young, vibrant and full of investment opportunities. Despite recent events in Central Africa, projects like iHub in Kenya offer an alternative picture of a bright future with a focus on technological innovation. Without the red tape and embedded infrastructure that can hamper European and US growth, Africa has been quick to develop solutions such as mobile banking. Africa may also be first in line to take advantage of NFC payments, which seem some way off elsewhere.
The iHub centre in Nairobi is an example of this ambition and is a tech community space providing opportunity for entrepreneurs to receive mentorship and potential VC funding. In addition, January this year saw the launch of the US funded Konza Technology City just outside Nairobi.
As other African cities such as Lagos, Accra and Cape Town jostle for position as Africa’s principal technology hub, it may well be Kenya that leads the way.