Africa :: A generational Hunger for prosperity for all - Technology innovation & adoption

in #africa6 years ago

Africa is showcasing herself as The continent to invest in for Trade & Technology Innovation & Adoption

The African continent has the largest number of 18 - 35's globally. In one continent the roles and rules are being created by this technology savvy, very hungry for prosperity, collective of Millennial Minds.

Take for example, Kenya based Bit Pesa - a cross border payment system that has now been adopted and used by an estimated 90% + of the Kenyan population. - tobeconfirmed
(Assuming this is the economically viable portion of the overall population)

  • this is a startling number of people in a deprived country in the middle of Africa doing business using technology alone. #Mobile money
    Whilst instant mobile payments is a concept the privileged are still coming to terms with & struggling to understand, those in deprived situations where economics are crazily unstable, the adoption rates are astronomical. Access to banks and atm's is minimal making mobile money the most effective way to transfer funds.

Africa is known for it's mass migrations with workers spread across the continent needing to send money home. Safety is the most crucial factor : cash is easily stolen, mobile money removes a lot of the security issues facing hundreds of millions daily.
(removing one's sim card when out in unsafe areas means losing your information is less likely, securing your mobile money to that sim - tricks you learn as a transient in Africa)

There are several value return reasons Africa is The place to be.
Alongside that a few vital factors effect the stability of investing in the dark continents unfavorable history of theft and unsavory tactics to power.

Benefits to African Investment

Hunger. The people are hungry for change.
Innovative Potential Consumer Group - Young. Aspiring.
Growth & Change are UP in charts
Largest Potential Consumer Group - Globally
New, Fresh means 'Easy' Consumer Group to Capture

Pitfalls to African Investment

Largely Poor Population that will never reach economic ability to buy your products
Uneducated = lots of training = losses
Poor Infrastructures - although changing - is it enough?
Poor Transport makes everything expensive and difficult - although changing, is it quickly enough?

How does Africa change the Status Quo from Uneducated and Poor to Innovative & Prosperous?

Ask the Millennials. They're working it to their advantage daily. The mindset of the Millennials is labeled as 'Entitled' - as if that's a bad thing.

In Africa if you do not feel entitled to have a decent life so much so that you make it your only obsession, then you sit at the bottom of a very large pile of poor, deprived people. That 'entitled' attitude may come with a few extremists but the majority are striving for a basic lifestyle & equality for all.
This may seem like an unrealistic idyll for the privileged living in a bubble like existence with no cognitive processing of the daily struggles of the majority of the inhabitants of the planet.
For the majority of the people life is a struggle for survival. Those few who've been able to eek out an education in the past 20 years, are striving to create something better. To do better with what they know.

Taking control of their existence, their life now and future is the motivation of the young, vibrant and driven African mind. There is no motivation like that of the threat of poverty. #HungerforSuccess has never before been so prevalent as it is now in the connected society we currently live in.

Africa is unique in it's dedication to community values. Strength is in the value you place in your community : has kept the African nations from crumbling.

As this connectivity continues to increase, so does the power of the consumers this connectivity creates.
Power in access to financial freedom without the need for a fixed, stable or set employment.
Power to purchase products instantly without need for any 3rd party (banks, payment portals) interference or costs.
Power to decide who see their data and how much they'll charge for it.
Power to make or break a product or company based on influence.

There's a shift from macro employment to micro entrepreneurship with an organic spread of knowledge to grow outside communities so that all may prosper, as is custom in the traditional African ways. Big profits don't serve the majority therefore are shunned and frowned upon in the Ubuntu mindset. To fit into Africa you need to fit the millennial wave with a twist of tribal custom formulating into freedom to innovate according to need

( * see #Pi - Equality Economy - The Fix - Economic model to create consumers with micro entrepreneurship & technology in education and health with Profit + Purpose business)

Technology

It's becoming more obvious as the weeks tick by that
#Blockchain
#DecentralisedLedgerTechnology
#CryptoCurrency and associated
#EmergingTechnology

Are creating mind boggling opportunities globally. The use cases for a more trusting world than we've seen in human history, are growing by the day. The limitlessness of the Blockchain technology has opened doors to self reliance and self sustainability like never before.

Finally there is a real, open and accessible opportunity for the majority to control their lives in every respect.

Education

Technology is also creating the ability for us to learn whatever we want, wherever we are. Without the need for education institutions to even exist.
The only obstacle being Free access to Wifi. To access the global knowledge otherwise freely available - i.e. without payment of cash which we have no access to.
( * see #Pi )

With access to wifi and basic equipment schools can exist and even succeed without the need for all the traditional schooling requirements. Making access to education practically free for governments whom understand the importance of 'Being of Service' to your citizens.
( * see Open Access Learning in #Pi system)

Empowerment of the citizens of the country (all countries apply) will ensure your continued seat in 'power'.
Why?
Because whether you give it or not, the citizens are empowering themselves. The 'power struggle' is no longer a struggle. It's a given that with technology in the hands of the people, control is now theirs. Self Reliance will only come at a price for those countries that refuse freedom to their people.
(* see Equality Economy in #Pi )

Empowerment also comes with it's own responsibilities.
Therefore a moral code or ethical conduct instilled within the education process of 'Being of Service' will create a higher Value of Self therefore decrease the senseless violence whilst adding to the general well being of entire communities.
( * see #Pi - Being of Service - Proof of Value where Energy = Time = Value)

Consumers & Employees

To be a consumer one must be earning. The largest stumbling block facing investment into Africa is creating sufficient consumers to purchase the products / services your business is creating.

The employee needs are rapidly changing and as Africans wake up to the #GigEconomy they also recognise their value is not limited to the 'job' they can get on the ground. The opportunities they can create by being actively engaged online are limitless... creating a more entitled employee who demands to be free to earn multiple incomes without restrictions as full time employees are placed under.
( * See What I Think #Pi connecting people, creating opportunities, sharing knowledge - everyone earning)

#Pi - Consumers created from the poorest by leapfrogging them into Crypto wealth via micro-entrepreneurship. Marrying big business, retail and tourism into micro communities to create interoperable upliftment opportunities. Spreading wealth organically using emerging technology.
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Trade & Commerce

Trade is instantly imagined as global trade and commerce. The fact is without the consumers to buy the products the trade is pointless. Without an educated, trained workforce the products cannot be made.
Even when it comes to fresh produce, edibles and health products education is required. Finance is required.

Africa is a very rich continent. With the richness of the land across the continent it really does not require any other nation to thrive. Within itself Africa can feed and create everything required for modern living.
Why is it that it's so poor then?
When will Africa recognise it's wealth and make that the value it places on it's people?

#Greed has to end. Technology enables this factor to be entered into every Commerce and Trade transaction.

For Example: #FloraChain (http://www.florachian.io) an ideal example of the supply chain mechanism for Flower growers globally automating and streamlining the selling, distribution, shipping and logistics of Flowers. Using Blockchain and IoT with Smart Contracts to stabilise a fragile economy for the growers and reducing costs for an expensive luxury for consumers.

Trade becomes inordinately easier when global communications, logistics and distribution issues are simplified through technology.

Africa is ripe for innovation implementation. The generation that is hungriest is the generation that will succeed. They're moving into position as some of the genius minds of our time. They're ready to create the possibilities they see that you cannot yet conceptualize because you've not lived their existence.

Africa's Hunger for Prosperity for All is the GameChanger.

Pay focused attention to the hunger factor in each of the developing countries that are leading innovation in emerging technologies.

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Excellent article. I learned a lot of new things. I signed up and voted. I will be glad to mutual subscription))))