Why The Next Steve Jobs Will Come From Africa

Africa is at a techno-cultural turning point that will prove to be as pivotal there as the Industrial Revolution was for Europe. Already, seven of the world’s 10 fastest growing GDPs are in Africa, where leapfrog technologies like cell phones being adopted at staggering rates. Add in some of the youngest populations in the world—millions upon millions of newly wired millennials with no shortage of problems to solve—and it becomes clear that, yes, Africa is the future.

The change is already well underway. In 2012, GDP growth in Sub-Saharan Africa ranged 6.8 percent in Tanzania to over 10 percent in Angola and Sierra Leone. That same year, global growth was 2.3 percent and only slightly better in the U.S. at 2.8 percent, according to the International Monetary Fund. The total international trade in sub-Saharan Africa hit $735 billion, more than a fourfold increase since 2000 when it was just $169 billion (see graph). Read more

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