At the recently held Growth Innovation Leadership (GIL) 2015 congress, it was revealed that there is an increasing Japanese interest in Africa.
“Africa has less than 2 percent in Japanese investment so there is plenty of potential here. Japanese companies are now specifically looking to invest in emerging countries,” said Robin Joffe, regional director for Tokyo, Japan.
“Companies will need to evolve and identify ingenious business processes to tackle transformative changes if they are to stay ahead of the curve,” remarked Frost & Sullivan global director for growth implementation solutions, Mark Simoncelli.
ITWeb Africa reported that not only do more Africans have access to mobile phones than clean water and electricity, but there are also 400 million unique mobile subscribers in Africa, with only 150 million using traditional bank accounts. The company says this leaves 250 million Africans with access to mobile phones; however, without access to a traditional bank account – creating incredible potential for the financial services industry.