Africa 2016: Social banking, cyber security and talent development

Africa’s internet penetration currently sits at 30% while the mobile connection is at 900 million subscribers. This offers great opportunities for various products and sectors to grow. The financial and business sectors will surely see a high boom in business as more people get access to smartphones and the internet this year.

However, with these developments, cybercriminals will also be inclined to do much more damage. In recent reports in Kenya, more locally bred cybercriminals are gaining access to sensitive government and company documents.

Nevertheless, for the main tech players, 2016 would be the year to get a foot in, as the number of mobile smartphone subscribers marches on to the predicted 550 million (by 2019). And so I predict that African tech will take great steps in the following areas.

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