Top 20 African Tech Companies - 2020
In the platform of technological race, Africa is soon catching up with its startup and innovation culture. The growth of tech hubs in Africa scaled up to nearly 50 percent, in just previous year. Africa further promises to be the fastest-growing continent for developers with the prospect of Microsoft, the world’s largest software company, to initiate development centers worth $100 million by 2023. However, this growth took place with its challenges on its way, such as capital investment, government policies, hiring, changing consumer patterns, inefficient cybersecurity, connectivity, and so on.
The major trends that prove essential to the African tech include the following. Africa being too significant for its population to be ignored by business-minded global players is ready to receive and use the fastest network, 5G. The logistics practitioners in Africa providing an end-to-end multi-country supply chain service assert their position in logistics in the global market. The embedded SIM as a replacement to physical SIM affirms to be game-changers in the field of mobility. The banking industry, having challenged enough by fintech organizations in the previous year, boosts mobile platforms because of its extended reach.
Just as the culture of Africa, the tech landscape also is filled with great diversity. The range of scope it renders in varied fields, tend to lead enterprises into a maze of technological companies. To assist and provide a clear perspective, our distinguished panel, comprising key decision-makers and experts along with CIOReview, has shortlisted some of the most effective technology companies in Africa.
We present to you CIOReview’s 20 Most Promising African Tech Companies - 2020.