K
Kathleen Martin
Guest
“Africa is ready for Web 3.0,” says Del Titus Bawuah, Chief Executive Officer and founder of Lili Smart City, an entrepreneur in tech, sustainability and cultural impact and an early investor in Web 3.0. His reasoning for this is simple: firstly, global tech businesses have already taken the initiative to set up shop in Africa.
“The second reason is that our youth are now educated and some in the diaspora are well-traveled and we have a consciousness as a continent about the power of Web 3.0 and not to mention mobile user penetration is averaging between 70 percent to 85 percent,” says Bawuah.
Then, finally, the power of technology has already spearheaded the growth in the African fintech space with many users in villages now making millions in daily transactions. The digital future is on our doorstep. Bawuah also talks about global tech businesses flocking to African shores.
The continent is the only one with the majority of its population making up the youth bracket. This has led to the upsurge of innovative and world-leading tech companies such as Twitter, YouTube, Google and Microsoft calling the continent home for their next growth phase.
This trend is the catalyst that moved Bawuah from the lucrative London real estate space where he managed portfolios for some of the world’s richest individuals. He names among his clients Africa’s richest man Aliko Dangote, and Dubai’s Crown Prince.
Before he would cut his teeth in the lucrative tech space, however, Bawuah was involved in a company which was later acquired for £120 million.
Continue reading: https://www.forbesafrica.com/current-affairs/2022/04/24/unlocking-web-3-0-opportunities-in-africa/
“The second reason is that our youth are now educated and some in the diaspora are well-traveled and we have a consciousness as a continent about the power of Web 3.0 and not to mention mobile user penetration is averaging between 70 percent to 85 percent,” says Bawuah.
Then, finally, the power of technology has already spearheaded the growth in the African fintech space with many users in villages now making millions in daily transactions. The digital future is on our doorstep. Bawuah also talks about global tech businesses flocking to African shores.
The continent is the only one with the majority of its population making up the youth bracket. This has led to the upsurge of innovative and world-leading tech companies such as Twitter, YouTube, Google and Microsoft calling the continent home for their next growth phase.
This trend is the catalyst that moved Bawuah from the lucrative London real estate space where he managed portfolios for some of the world’s richest individuals. He names among his clients Africa’s richest man Aliko Dangote, and Dubai’s Crown Prince.
Before he would cut his teeth in the lucrative tech space, however, Bawuah was involved in a company which was later acquired for £120 million.
Continue reading: https://www.forbesafrica.com/current-affairs/2022/04/24/unlocking-web-3-0-opportunities-in-africa/
