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I have spent quite a bit of time analyzing African economies in recent months, and honestly, most people are mistaken about what really makes the difference.
Yeah, we're always talking about the same names: South Africa, Egypt, Nigeria, Morocco, Kenya. And technically yes, they are heavyweights in terms of GDP and infrastructure. But here’s the thing that no one really mentions – the most developed country in Africa on paper isn’t necessarily the one where you’ll make the best deals in the next 10 years.
Where it gets interesting is when you look beyond traditional numbers. The true game-changers are those who move on three fronts at the same time. First, technology – not just having Internet, but building a real innovation ecosystem. Then energy – without reliable electricity, you can’t do anything. And then finance, of course, but not traditional finance. Crypto, fintech, everything that allows people to access services without going through traditional channels.
It’s crazy to say, but Africa isn’t behind technologically. It’s just building differently. And those who see this now will be well-positioned in a decade.
So honestly, which country do you miss to really see things moving? Because between us, the obvious answers aren’t always the best.