As we continue to search for investment opportunities around the world, we took a look at which countries around the world had the highest growth rates in population. We’ve written a great deal about the decline of population growth in the US, Germany, and China but where is the growth?
According to Statista, the highest population growth are countries largely in Africa. Not only are African countries the fastest growing they also contain some of the youngest populations on the planet.
Given that tech is often viewed as a young person’s game then it stands to reason that there should be a rise in tech opportunities within Africa to serve the world. Surprisingly, Finance Yahoo had an article spotlighting the rise of African tech companies.
“We can do it cheaper than India, cheaper than Eastern Europe because the cost of living here is way lower and we have the talent,” Olumide Soyombo, the co-founder of Bluechip Technologies said in an interview. In a slowdown in tech hiring, Africa stands out as an exception as the under-served populations on the continent outweigh inflation and slowing economies.
Finance Yahoo
Clearly, investment flows to the best opportunities so we’ll be taking a look at Africa as a very long term investment play. In the meantime, stay tuned and stay solvent….
[…] told you about the Rise of Tech Africa yesterday, a continent with a young vibrant growing population poised to possibly become the center […]