Akinkunmi Akindiji

  Abstract The role of technology in transforming economies and societies cannot be overemphasized. However, investing in technology in sub-Saharan Africa poses risks and challenges that must be navigated. This paper explores the risks and rewards of investing in tech in sub-Saharan Africa by examining the enabling environment, investment opportunities, challenges, and outcomes of tech investments in countries in the region. Drawing on secondary data, the paper highlights the need for investors to understand the peculiarities of the region, partner with local players, and adopt a long-term investment approach. The paper contributes to the discourse on the role of technology in Africa's development and provides insights for investors seeking to exploit the opportunities in the technology sector in sub-Saharan Africa.   Introduction Sub-Saharan Africa is a region of contrasts, with rich human and natural resources but grappling with poverty, conflict, and underdevelopment. The re

 Tech investment in Sub-Saharan Africa has unique characteristics when compared to other emerging markets. While Sub-Saharan Africa presents significant opportunities for growth and impact, it also comes with its own set of challenges and considerations that differentiate it from other regions. Here's a comparison of tech investment in Sub-Saharan Africa with other emerging markets: South Africa is a key emerging market in Sub-Saharan Africa with a growing tech ecosystem. It has a relatively well-developed technology infrastructure, a growing middle class, and a vibrant startup scene. South Africa offers opportunities in areas such as fintech, e-commerce, health tech, and agri-tech, driven by factors such as increasing internet penetration, digital adoption, and a supportive regulatory environment. • Market Size and Growth Potential: Sub-Saharan Africa has a large and growing population, with over 1 billion people, but its GDP per capita is relatively low compared to other emerging