internet industry: International venture capital institutions are focusing on Africa, according to Global Times China. Although most tech companies in the continent are still in their initial phases, venture capitalists have set special investment funds to bet on their futures. Africa's internet industry is developing rapidly, releasing the vast potential of the local market, which also means unprecedented opportunities for Chinese internet enterprises. Technicians and professionals are attracted by the growing number of projects. New business models are emerging in Africa as the internet extends to all sectors of the local economy. Internet startups in Africa can more easily obtain funds as they are deemed to play a bigger role in achieving the UN's Sustainable Development Goals and the African Union's Agenda 2063.
(news.financializer.com). As
reported in the news.
Tagged under internet industry, business models topics.