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Accra – The Buzzing African Scene

ACCRA Ghana: 26M inhabitants The buzzing African scene Accra: 1.9M inhabitants Ghana is most known as the first country to declare its independence in sub-saharan Africa, but also for its recent ambitious economic plan known as "Ghana Vision 2020". Extremely wealthy in natural resources, the country is also trying to diversify its econo- my, hence a digital economy is taking rise in the country's capital, Accra. Official: English Đ) Akan language is also spoken by 75% of population 800 millionaires in Accra Ghana alone Expected 1500 in 2020 57.5% of population aged below 24 26.8% in Switzerland İGDP 79% of population perceives tremendous business opportu- WEF (contribution of internet to GDP) 8.3% 114th nities 60% of population intends to 45 3.3% 6.3% in the world Average annual growth of services in start their own business a 1.1% startups on Angel list Global Competitiveness Index some point 91% of population gives a high status to successful entrepreneurs in society Ghana USA Sweden economy M MARKET There are 20M 66% of Ghanaians use their mobile phone everyday For every 100 Ghanaians.. mobile subscriptions in Ghana 23 Economic growth over the last 3 years have mobile Top 3 trends in the tech market internet access 8.2% x3 since 2010 -0.2% 10 Ghana EU @ are social media users Percentage market cap (as part of GDP) 50% Games Social E-Commerce 8.5% Networks 41 Ghana EU fastest Internet 4th 109th connection in Africa 99th in the world for Technolo- f 2 million Facebook users gy readiness (WEF) are online grew 80% since last year in the world for quality of its infrastruc- 1 in 10 Ghanians owns 2 mobile phones tures (WEF) The average price of a smartphone in Ghana FINANCING dropped by 30% over the last 3 years. Meanwhile mobile $8.6bn data use increased 89% Stock of Direct Foreign investment 1309 75th (43.5) $9.5 million Number of Capital raised by Venture Capital Trust Fund (VCTF) from Ghana's govern- ment - for seed investment Worldwide VC and Private investors on Equity attractiveness index AngelList LOCAL CONTEXT Technology exports Quality of education and human capital scoring by IESE 23.1M USD 55th worldwide for the Major accelerator quality of its educa- tion system (IESE) 57% 44.4% MEST Incubator meltwater entrepreneurial school of technology Cost to start a business (% of income per capita) Ghana All of 0.5M 15.7% in 67.4% in Sub-Saha- USD Africa Ghana 2004 2011 ran Africa 2 major co-working spaces $10 150 average salary for Rank 85th worldwide Hub Accra in terms of Entrepreneurial an IT manager $76,758 in the US Culture and Deal Opportunities iSpace Foundation per year (IESE) WHO TO FOLLOW Ghanaian startups to follow Ghanaian entrepreneurs to follow RETAILTO WER VOUR STORE EVERYWHERE E-commerce platform adsbrook Seth Akumani David Osei Gerard Yitamkey Co-founder and CEO of Ahonya @ybgerard Maxwell Donkor web & mobile advertising Co-Founder (CEO) CEO of ClaimSync Innokiq @maxidon CEO/Co-founder of Dropifi @osei_david Online and Mobile @mawusey Advertizing Success story OLeti Games African Comics and Mobile Games :D Dropifi :D Dropifi Dropifi became the first African Dropifi offers an intelligent contact form- a smart widget that helps businesses and companies analyze, visualize and respond to incoming messages. start-up to be accepted into 500 Startups, the renowned Silicon Valley-based seed accelerator and investment fund Website visitors analytics and management Sources: Global Competitiveness Index (WEF) WorldBank - Bloomberg Credit Suisse Global Wealth Report 2013 seedstarsworld Global Innovation Index 2013 Angel.co www.gemconsortium.org CCK, April, 2013 www.gs.statcounter.com Seedstars World www.seedstarsworld.com

Accra – The Buzzing African Scene

shared by SSW on Jan 14
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These past few weeks, we have been working hard to keep you updated on the different startup ecosystems from around the world in our infographic series on “The Next Startup Eldorado”. It is now ti...

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