Ekeh bets on Africa, says Technology’ll resolve today’s problems

Success Damian:

Africa’s leading digital entrepreneur, Leo Stan Ekeh, has placed bold bets on Africa’s emergence as an investor’s gold-mine.

In a press release, he urged potential and aspiring entrepreneur to take solace in the fact that much of the contemporary infrastructural problems holding the continent back will be resolved by technology.

Ekeh was speaking during a mentorship session with African/International students which held as part of events marking the Africa Summit organized by Nottingham University in the United Kingdom (UK) recently.

According to the Zinox Chairman, Africa is a continent on the rise, noting that the continent’s population indices makes it the most promising for smart investors to bet on.

“Africa is not only a young continent but it is one with a booming population is expected to gross over 25% of the entire world’s population by 2050. Interestingly, this is a population that is overwhelmingly dominated by youths, thereby making Africa more important than ever to the global economy and arguably the world’s most attractive continent. As an investor, now is the right time to move into Africa.”

Continuing, he noted that: “Africa has for long been held back by its quality of leaders, many of whom are partially analogue due to their age and originating circumstances. This is not entirely their fault though as it is caused by a number of factors beyond their direct control.

“However, things are changing. There is a conscious interest in most African countries in the calibre and status of leaders that take office. Also, the current generation of youths have the benefit of better education and global exposure as a result of the internet-mediated world we live in. With the right leadership in place and technology accorded its rightful place as the driver of its future development, Africa may just be the continent for smart investors to bet on.”

He, therefore, challenged potential investors looking to come to Africa to come in with the mindset to cause positive change and empower the youths of thecontinent.

“Africa needs investors with the right conscience to help change its narrative for good; investors who are interested in growing the economy, in creating employment opportunities and empowering local talents in the various communities and urban centres and not venture capitalists or angel investors who are only keen on milking the continent for profit and short-term gains,” he stated.

Also speaking on his decision to acquire e-commerce giant Konga, Ekeh revealed that the company is one of the examples of a corporate with a conscience, noting that Konga is bound to hit a market valuation of over $4b by 2022, going by the structures the new management is putting in place, many of which will empower millions of Nigerians and Africans, by extension and which will be one of the biggest success stories out of Africa.