Technology has the potential to transform Sub-Saharan Africa for the better. However, this requires a thriving entrepreneurial ecosystem. Frontier has examined the barriers faced by tech start-ups in Sub-Saharan Africa for the Africa Technology Business Network (ATBN).
Drawing on qualitative engagement and existing evidence the report concludes that:
- Additional capital is needed to help overcome significant funding gaps faced by tech start-ups in the region. Current shortfalls are exacerbating other barriers such as broadband availability and recruitment of highly skilled employees.
- Extra funding alone is not sufficient to ensure more successful tech start-ups emerge from Sub-Saharan Africa. Some less experienced entrepreneurs also require guidance in navigating unfamiliar markets. There is an opportunity for them to learn from other start-ups via a mentoring system.
The report was launched today at a round-table event hosted by Frontier and attended by representatives from the public sector, start-ups, funders and tech hubs.
A summary of key findings are available for download below.
Frontier regularly collaborates with charities and charitable organisations in the UK and all over the world.
For more information, please contact [email protected], or call +44 (0)20 7031 7000.