Originally published: Computer Weekly, 07 October 2022
Local operator research finds nearly four out of five VC and private equity firms believe innovation in connectivity will drive expansion in Africa, despite infrastructure issues.
Venture capital and private equity investors believe increased innovation in the delivery of internet connectivity in Africa will help drive dramatic expansion in connecting the continent, research from blockchain-based mobile network operator World Mobile has revealed.
The study, conducted by independent research company Pureprofile, interviewed 100 senior private equity and venture capital executives based in the US, UK, Saudi Arabia, the United Arab Emirates, France, Germany, Hong Kong and Singapore in June 2022.
