Michael and Johnny continue their International Technology Tour by exploring Africa's startup scene. Starting off with an overview of the continent's tech hubs, we look at notable startups, discussing the first 'African' tech IPO on the New York Stock Exchange, and observe some companies that are solving problems unique to the continent.
In the News of the Week, we cover the latest on the TikTok deal (Oracle & Walmart), the US government turning their attention to Tencent, the pre-order fiasco of the new NVidia video cards, and Snowflake's IPO.
Recorded Date: Sunday, September 20, 2020
Time Stamps
- 00:00:18: Packed News Week
- 00:13:00: African Startup Scene
- 00:15:33: Incubators and Accelerators
- 00:20:01: Notable Startups
- 00:44:59: Final thoughts on Africa Tech
Highlights
- It's all about the startups :)
- Oracle & Walmart are in the final running for acquiring parts of TikTok
- NVidia has moved forward with their ARM purchase from SoftBank
- Africa is one of the fastest-growing tech markets in the world by volumes, YOY expansion in VC, startup formation, and tech hubs
- There are over 400 active hubs, accelerators, and incubators
- You can't talk about Jumia without talking about Rocket Internet
- There are interesting startups solving problems unique to the continent
- Technology outpaces government
- Foreign entrepreneurs should ensure the benefits of a successful venture are also returned to local communities
- We don't want the tech industry to become like the mining industry
- Where are the wealthy Africans? Why are they not more involved in the tech industry in a larger capacity?
- We are excited about the promise of the tech industry in the continent
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