Running a technology news sitebased in South Africa that focuses on tech news from Africa and Emerging Markets it’s to be expected that I am a little attached to the region.
According to a Mckinsey report ICT spend in Sub-Saharan Africa is approximately $70 billion and will nearly double by 2015. There is also no doubt Africa is on fire right now when it comes to being at the forefront of innovation in mobile (which is where the future of the web lies) with hubs in Kenya and Nigeria.
So naturally when the “all star entrepreneur” panel took the LeWeb stage, I asked: “So are any of you investing in Africa?” The panel: “No”. No? why not? TechCrunch founder and former editor Michael Arrington says it’s because he hasn’t been pitched anything from Africa…. Read more