The African Tech space is getting bigger by the day as well as receiving the desired attention
Recently, the Africa startup space recorded a little above $1.2 billion in the 2018 financial report, marking a significant step further for the African tech space. In the report, Nigeria, Kenya, and South Africa played a major role as they top the chat of the most funded countries. Now, Nigeria and Kenya are both getting another major cut from Microsoft barely five months into the year 2019.
According to a reliable source, Punch, Microsoft Corp will invest 100 million dollars to open an Africa technology development center with sites in Nigeria and Kenya over the next five years, the company said on Tuesday. Global tech giants, including Alphabet Inc and Facebook, have been increasing investment on the continent in recent years to take advantage of growing economies with rising access rates to the internet by a youthful population.
Microsoft’s plan is to hire about 100 local engineers to work in the new Africa facility in both countries to customize its applications for the African market and to develop new ones for the continent and beyond, it said in a statement.
“In addition, it is an opportunity to collaborate with partners, academia, governments, and developers, driving impact and innovation in sectors important to the continent,” the company said, citing financial technology, farming technology, and off-grid energy.
Engineers at the new Africa development center will build applications using artificial intelligence, mixed reality, and machine learning, Microsoft said. The company already has six other development hubs located elsewhere in the world. The new Africa development hub will also support Microsoft’s established businesses such as Office, Azure, and Windows, the company said.