Want to Get Rich? Move to Africa.

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November 16, 2011 by Dane Carlson | 1 Comment

African Undersea Cables

Wired:

If you want to become extremely wealthy over the next five years, and you have a basic grasp of technology, here’s a no-brainer: move to Africa.

Seriously. The internet is only now arriving, and — with a billion people on the continent still mostly offline — there exists a once-in-a-lifetime opportunity to build the next Zyngas, eBays and Groupons for a huge untapped local market. You need only look at the map of huge broadband fibre optic cables currently being laid on both east and west coasts, from Djibouti to Dakar, to understand how quickly and ambitiously an entire continent is being connected. It’s like being back in 1995 again, and realizing there might just be a market for an online bookshop or auction website.

In Ideas | 1 Comment
Tags: africa, Internet