By Brett Parker –By now, I am convinced that you have heard of M-Pesa, the popular and often-cited mobile banking system that has become Africa’s innovation calling card. A bruised world economy looked for new spaces of vitality, and the African continent was the ideal candidate. Yet those predictions have not quite come to fruition and many skeptics have taken a more bearish view to Africa’s prospects. According to research presented by the World Economic Forum, there are roughly 200 African innovation hubs, 3,500 new tech-related ventures, and $1 billion spent in venture capital. As mentioned earlier, there are a large and growing number of innovation hubs and projects across the continent.

Source: News Business Ethiopia June 07, 2017 09:33 UTC