Ecommerce, in the form of online shopping and online banking, is often held up as the key to prosperity in Africa — a way of ‘leapfrogging’ past the obstacles of poor infrastructure. But there is a flipside to this convenience: the ever-present threat of fraud. Wherever money changes hands, you’ll always find someone who wants to take it away illegally, and buyer, seller and banker are all potential targets.
Nigeria, one of the biggest economies in sub-Saharan Africa, remains a challenge for investors despite the modernisation of the economy and a return to democratic rule in 1998. It retains a reputation for being a complex and difficult market.
Mobile communication is one of the most-transformative technologies ever unleashed, and even reaches parts of the world where reliable electricity and running water are luxuries. There are some 7.2bn mobile connections in the world, compared to 1.6bn TVs and 4.2bn television viewers – writes Nunu Ntshingila, Facebook’s Head of Africa.
Close on ten 10% of Africa’s population are internet users, which realises a market of well over 297.8 million connected people. Future By Design speaks to Afrinolly about its business and about the future of streaming content and entertainment in Africa.