It is no longer news that Africa’s technology sector which has been overlooked for years is gradually gaining a lot of interest and attention from foreign investors and the global technology media.
Little wonder David Rowan of Wired Magazine wrote the above quote in a stellar piece on how and where entrepreneurs looking to become wealthy could make millions of dollars from tech-based companies.
Another non-African who agrees with Rowan is Marcin Hejka, the Managing Director of Intel Capital, the venture capital division of the chip maker. In a recent interview with CNBC published today, Hejka said that Africa will produce multi-billion dollar companies in the next ten years, and is very confident in the growth in the continent.
“We think that there will be tremendous growth in the technology ecosystem overall across Africa”, he told CNBC in an email.
Since 2011, Intel Capital has been making significant investments into the African technology sector. Back in November 2011, the company announced a strategic collaboration with IFC to accelerate innovation and nurture entrepreneurship in Africa.
It further made a significant investment into Altech, a South African high technology investment holding company operating in telecommunications, multimedia, and information technology.
In July 2012, Intel Capital, together with Adlevo Capital, made a growth investment into Ghana-based Rancard Solutions, a leading provider of cloud based software for mobile content discovery and delivery with focus on Africa.