OGS Capital has announced plans to target Africa’s new startup bolstered by growing boom in entrepreneurship across the continent.
“There is also enormous room for growth in the information and communications technology sector (ITC) which contributes an estimated 1.4 percent points to GDP for each 10 percent increase in broadband internet penetration”, the company says of its plans to focus on key industries like agriculture, FMCG, oil & gas, green technologies, real estate, and infrastructure projects.
According to OGS Capital, out of the world’s 10 fastest growing economies, six are found in Africa continued strong growth expected over the next 10 years. This presents enormous potential for business opportunities and foreign investments as Africa assumes an increasing share of the world market.
[su_quote cite=”Alex Silensky, Founder and Partner, OGS Capital”]In many developing countries and emerging regions, the vast majority of content accessed by local users is hosted abroad. As the content must traverse often expensive and sometimes under-provisioned international links, this can have a significant impact on the economics of access as well as the user experience.[/su_quote]