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Saturday, December 10, 2011

MooPig's Entrepreneur Rubrics :: "Want to become an internet billionaire? Move to Africa"

What's Your Unit Price?
Retrieved by Pat Darnell | Dec 10, 2011 | Bryan TX

[PHOTO: Stephen Song]
Want to become an internet billionaire? Move to Africa (Wired UK):
While many of us contemplate our Kindle FIRE, and meditate on what our next phone upgrade will be, Africa lurks on a different horizon. Diamonds and gold are not the only wealth makers out of Africa. And China is not the only "developing" economy out there. Here in an article by David Rowan for is one of those "Ideas" whose "time is nigh."

Nothing compares to an idea whose time is come. Besides how else do we communicate today on issues of commerce, health, location, and mobile tagging? What is your unit capable of? How much do you think it is worth?

If you live in Japan, or USA, you will easily notice the choices consumers are making as Africa swells in Internet use.

EXCERPT  |  " ... It's like being back in 1995 again, and realising there might just be a market for an online bookshop or auction website.

Don't take my word for it: David Cameron is so keen to give British entrepreneurs a foothold that he recently took a high-level delegation of corporate CEOs to Nigeria and South Africa to highlight "one of the greatest economic opportunities on the planet". (Rowan, David. Edited by Duncan Geere. 4 Nov 2011. HERE) ... "
'via Blog this'
Leapfrog tech
If a tiny fraction of, say, Zimbabweans have access to the "big" internet, then why not make the internet accessible via SMS on their 2G phones? That's what Econet Wireless Zimbabwe is offering its five million mobile phone subscribers, turning their handsets into virtual smartphones with tech from ForgetMeNot Africa that turns emails and chats into text messages.
Now insert your own big idea here, and book your air ticket. Sure, Africa still faces huge hurdles -- in South Africa, 11 million people live below the poverty line, and almost 6 million have HIV; in Nigeria, 110 million out of a population of 158 million live on less than £1 a day. But when one telco alone, Bharti Airtel, recently announced $13 billion in African revenue last year, you know it's time to abandon our traditional assumptions.
As Cameron said in Lagos, "Which continent has six of the ten fastest growing economies in the world?... Africa is transforming in a way no-one thought possible 20 years ago…and suddenly a whole new future seems within reach."

Why shouldn't you have a profitable role in that future? ... "

Africa, Emigrate, Make money, Zynga, Ebay, Groupon, Monitise, FrontlineSMS, M-Pesa, MTN MobileMoney, SlimTrader, MoBiashara, Mocality, mPedigree, Econet, ForgetMeNot, Cricket

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