Maslow’s Hierarchy of Needs is the theory that human motivation stems from satisfying more and more complex needs, starting from hunger and thirst and ending with self-actualization.
This model would imply that humans in less-developed countries would be less motivated on complex tasks as they’re working on satisfying simpler concerns. But the model is dead wrong.
How motivated do you think the person who has been given comfort will be compared to the person who persevered in spite of hardship? How many entrepreneurs can genuinely say they’ve had it easy?
So how does this relate to Africa’s tech potential? Well, when you think of outsourcing tech work, you probably think of countries like India and China, which is logical, considering that they’ve been outsourcing hubs for years, and you might think Africa hasn’t developed enough.
However, the main benefit of outsourcing, which is cheaper labor, is no longer India or China. While it is extremely easy to found thousands of developers in India or China looking for work within minutes of searching, wages aren’t what they used to be, and other countries are catching up in talent.
Their paper reports on Africa’s four top outsourcing countries:
Egypt, Ghana, Kenya, and South Africa make the list, but there are many more talented developers in other African countries.
Every 189 minutes, American startups raise as much money as African startups raise in a year.
Africa has almost 50% more Internet users than the US.*
*Yes, I realize I’m comparing a continent to a country, but a lot of people don’t realize how far Africa has come (not to say that there isn’t a long road ahead — there is).
Out of curiosity, I added up the populations of those 7 countries: 65 million, which is about the population of France or the UK. In other words:
As many people live in Africa’s developed countries as in France or the UK.
To put it together, Africa has many motivated, Internet-connected developers, up-and-coming startups, several developed countries, and even a few unicorns, but it’s not getting any investor attention — and that should change, not only because of the deserving startups in Africa, but because it’s a great investment opportunity.
I hope that this will spark a conversation, at least among more open-minded entrepreneurs and investors, of the real and untapped tech potential within Africa.