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Africa is a diverse continent offering human and natural resources that have the potential to yield inclusive growth and eradicate poverty in the region. With the world’s largest free trade area and a 1.3 billion-person market, the continent is creating an entirely new development path, harnessing the potential of its resources and people.
Much of the continent's region is open for business. Today, it has more than 600+ active technology hubs, organizations with a local address, facilities, and tech and digital entrepreneurs' support. Africa is catching the attention of big tech companies cause it's a young continent of 54 countries and a population with an average age of only 19 years.
According to the 2019 Focus Economics report, six of the top 15 fastest-growing economies in the world were projected to be in Africa. While there are big initiatives such as the African Continent Free Trade Area to create a single market on the continent and deal with the ongoing issues like regulations and infrastructure. The agreement couldn't have come at a better time since many believe that the continent is poised to take off.
Even though the past few years have been quite detrimental to the entire world, Rwanda is one of the promising economies with a government and healthcare system that responded to the COVID-19 pandemic with innovative interventions to prevent and contain the virus. More importantly, the response has utilized adaptive and innovative technology with robust risk communication and community engagement to deliver an effective response to the COVID-19 pandemic.
According to McKinsey Global Institute, "The pandemic accelerated existing trends in remote work, e-commerce, and automation, with up to 25% more workers than previously estimated potentially needing to switch occupations." And with a youthful but very creative population already in tech, there has been a significant investment in developing the infrastructure and people's skills.
"The time has come for Africa to put itself at the very center of a new technological revolution. Our continent has a unique competitive advantage that stems from an undeniably entrepreneurial spirit that is built into our young generations - that is an ability to innovate out of necessity." - Paula Ingabire, Rwanda's ICT & Innovation Minister
Our new Zatec development team in Rwanda has vast knowledge, skills & expertise that will be a great addition to this ever-evolving remote workforce, in facilitating our existing clients on their software solutions. We need to seize the opportunity of the need and foster structural and macroeconomic reforms that could pave the way for increased inclusive growth over the long term.