The Vice-President, Professor Yemi Osinbajo on Monday said that if he was a betting man, he would surely put his money on African business that demonstrates an awareness of technology. He said this at the Financial Times Africa Summit in London while addressing the issue of developments in relations to the emergence of private sectors in the African economy.
The vice president highlighted the successes of firms like Kenya’s M-pesa, Flutterwave, Jobberman and Andela in using technology to create employment and profit. Osinbajo said, “But If I were a betting man I would surely put my money on African businesses that demonstrate an awareness of how technology will be an exponential catalyst for business.
“All over Africa, telephony and technology are unearthing riches hitherto unknown. Kenya’s M-pesa has become the largest mobile telephony payment solution in the world. The story of how MTN in Nigeria became the largest mobile network in Africa in less than a decade is still the stuff of legendary investment stories.
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