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Home Business StartUPs

Internet Connectivity Driving Africa’s Tech Startup Boom – Victor Seaba

Seaba explained that improved connectivity has lowered entry barriers for innovators, enabling startups to reach new markets and accelerate growth.

by Joel Nwankwo
February 7, 2023
in StartUPs
0
Internet connectivity and Startup in Africa by VICTOR SEABA
Internet connectivity and Startup in Africa by VICTOR SEABA

Internet connectivity and Startup in Africa by VICTOR SEABA

UBA
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Improved internet connectivity is fueling a new wave of innovation and startup growth across Africa, according to Victor Seaba, a seasoned software product management expert with years of experience driving digital transformation across industries including enterprise software, SaaS platforms, and compliance-driven digital products.

Speaking on the impact of internet infrastructure on Africa’s digital economy, Seaba noted that the expansion of undersea fiber cables, mobile broadband penetration, and cloud adoption has positioned the continent for unprecedented startup activity.

“Internet connectivity has become the backbone of Africa’s startup revolution. From fintech to healthtech, agritech to edtech, entrepreneurs are leveraging faster and cheaper data access to scale solutions that were unthinkable just a decade ago,” Seaba said.

The Connectivity–Startup Link

Seaba explained that improved connectivity has lowered entry barriers for innovators, enabling startups to reach new markets and accelerate growth.

  • Mobile money innovations such as M-Pesa in Kenya pioneered financial inclusion.
  • Payment platforms like Flutterwave and Paystack have scaled digital transactions across Africa and into global markets.
  • Cloud-based SaaS solutions are empowering SMEs to operate more efficiently and cost-effectively.

“When you give young, tech-savvy Africans access to reliable internet, you’re not just giving them data, you’re giving them opportunity. That opportunity translates into products, services, and ultimately into thriving businesses,” Seaba added.

Challenges Remain

Despite progress, Seaba highlighted that internet growth has been uneven:

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  • Urban hubs such as Lagos, Nairobi, and Johannesburg enjoy thriving ecosystems,
  • While rural and semi-urban communities still face poor connectivity, erratic power supply, low digital literacy, and prohibitive costs.

“Africa’s startup story cannot be complete if rural communities remain cut off. Bridging this divide is the next frontier for investors, policymakers, and innovators,” he said.

The Road Ahead

Seaba urged governments and private sector players to double down on connectivity investments, strengthen digital literacy, and create startup-friendly regulatory environments.

He cited Nigeria’s Startup Act and Kenya’s Digital Economy Blueprint as strong policy steps in the right direction.

“The digital revolution is here, but its sustainability depends on collective effort. Infrastructure, policy, and innovation must work hand in hand to deliver inclusive growth,” Seaba concluded.

With internet penetration in Africa rising from 26% in 2015 to 43% in 2021, and with growing investment in data centres, subsea cables, and satellite solutions, the stage is set for Africa’s startups to continue powering the continent’s economic transformation.

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Tags: agriteche-commerceEdTechfintechHealthtechInternet connectivityM-PesastartupVICTOR SEABA
Joel Nwankwo

Joel Nwankwo

Joel Nwankwo is a tech journalist. He is passionate about telling stories as it relates to Africa's social and financial tech advancements. You can reach him at joel.nwankwo@techeconomy.ng

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