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Key to Unlocking Major Investment in Africa – Better Data

by SAT Reporter
July 2, 2022
in Just In, Tech
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Key to Unlocking Major Investment in Africa – Better Data
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VIEWS

As COVID-19 and the war in Ukraine continue to hurt the African continent, many countries will require significant investment to revitalise their economies. But a persistent attribute of many African markets will continue to be a barrier to private investment: a relative lack of data. Data challenges will prevent large scale investment into Africa unless this is addressed.

A lack of data leads to diminished demand from international investors, which leads to underinvestment. This underinvestment leads to underdevelopment, and underdevelopment leads to less data being supplied, and so on. This is how a doom loop is formed.

It doesn’t take sophisticated data to see the potential within Africa. But for that potential to be realised, governments, institutions and investors must take a clear-eyed and long-term approach to building a mature data ecosystem. It would be a worthy investment.

Currently, the ecosystem is tiny relative to Africa’s potential. In 2021, Africa-focused private equity funds raised a record $4.4 billion, but compared to the over $700 billion raised globally, it shows just how much data challenges hinder large-scale international investment. Academic research regarding cross-border investments also confirms the data problem.

This In-depth Atlantic Council article from Tom Koch, Global Strategy Director at FCA Corp and an Atlantic Council member, shares his thoughts on the problem and offers possible solutions on how African nations need to urgently fix this problem in order to generate a self-sustaining ecosystem that encourages investment. Luckily, the continent’s FinTech revolution might offer them an opening.

Article explores the following topics:

  • Data means development
  • Investment at scale
  • A three-pronged approach

Click here to access this research-rich article on the Atlantic Council website: https://www.atlanticcouncil.org/blogs/africasource/better-data-is-the-key-to-unlocking-major-investment-in-africa/

 

 

Tags: African DatadataInvestmentNamibia investmenttechnology
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Key to Unlocking Major Investment in Africa – Better Data

Key to Unlocking Major Investment in Africa – Better Data

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