Technology for the Win - Digital Marketing in Africa
post-template-default,single,single-post,postid-235,single-format-standard,ajax_fade,page_not_loaded,,qode-title-hidden,qode_grid_1300,qode-theme-ver-9.5,wpb-js-composer js-comp-ver-4.12,vc_responsive

Technology For The Win – Digital Marketing in Africa

So, 2016 got a bad rap in many circles, and with good reason: Boko Haram terrorists did not relent, Nigeria went into recession, the Brexit vote happened, Mr. Trump became the president of the U.S. Yet, in the midst of this, a glimmer of hope: Africa’s tech industry made strides. In fact, some might argue that it consolidated its place as a  new frontier for the global tech industry. The most widely covered proof of that consolidation was Facebook CEO, Mark Zuckerberg’s visit to the continent during which he declared, “this is where the future will be built.” He put his money where his mouth was, making the first investment of his and his wife’s Mark Zuckerberg and Dr. Priscilla Chan Fund to the tech training company, Andela. This choice is telling since Andela’s “product,” so to speak, is a “world class coder.” It is as though Zuckerberg and Chan are throwing their weight behind not just Andela as a company, but the human potential in the region.

            Many funders, both local and foreign, are placing their bets alongside Zuckerberg and Chan. In 2016 alone, startups across the continent raised over US $129 million in funding, a 16.8 percent increase from the previous year. A team from Y Combinator, “the world’s most powerful start-up incubator,” was in Nigeria in September, seeking startups to fund. Investment insiders, like Lexi Novitske have written over, and over, and over again about the potential of and their faith in the industry. There has been an explosion of innovation hubs in  cities across the continent— Nairobi, Lagos, Accra, Dakar, Lusaka.

            As one might expect, Africa’s startups are thinking first about the needs in their communities. But their  products are also going out to serve global markets. Take PayStack for instance. The start-up, which received funding from Y Combinator, has built a payment gateway for Shopify, one of the world’s largest e-commerce websites. Work like this signals the potential for tech as a viable African export.

            Of course, the potency of the entire tech industry remains grounded in the fact that Africa, with the world, continues to go definitively digital. Mobile penetration rates are projected to reach 54 percent by 2020, and the number of mobile broadband connections is expected to more than double from its 2015 value of 28 percent to 60 percent by 2020. It’s numbers like thesethat led Lexi Novitske to write “digital content and digital advertising opportunities are everywhere.” But it’s not just any kind of digital marketing that would thrive in this landscape. It’s the targeted kind that would help customers to match with businesses/services that would best suit their needs, and vice versa.

  • Bablofil
    Posted at 04:41h, 03 April Reply

    Thanks, great article.

    Posted at 21:47h, 15 June Reply

    I Want To Apply For D Training

  • Nache Lekwot
    Posted at 13:06h, 26 July Reply

    One interesting that was left out of this post, is the fact that businesses in Nigeria still lack the importance of digital tools, be it, digital marketing or digital transformation. A lot of firms see digital as just social media which in most cases come as an after thought. To them, social media is just ‘likes and followership’. Neglecting key metrics to measure performance. Agreed social media is very good to connect with potential clients. It is also just one aspect of digital marketing.

    I hope we as a nation can pay attention to the rapid growth of internet penetration across all demographics of Nigerians. There is a lot of opportunities just laying around.

Post A Comment