Emerging Technology
Amidst the startup acquisitions and expansion, Mara built the first wholly made in Africa mobile phones in the year 2019. Some of the prominent technologies include AI, IoT, Drone Tech, Robotics, and VR. 5G technology is also penetrating the African market. The network is used to run AI, unmanned aerial vehicles and driverless cars. It’s expected that more consolidation in this space will occur throughout 2020.
Logistics
The logistics sector is another goldmine for African startups. The likes of Lori Systems, Hello Tractor, Bwala, Kobo 360 and Sendy were in the news for either raising funds or expanding into new markets. By 2020, most of these African startups will become full-blown regional giants and soon-to-be unicorns. With the AfCTA underway, Africa is set to witness a boom in trade activities across all regions and the logistics industry is strategically positioned to support this drive.
