The African markets have 1 Billion people spread across 52 countries. The continent hosts the world’s fastest growing middle class, currently around 34% of the population. And by 2100, Africa will be home to nearly 40% of the world’s population, up from 15% today.
Use of smartphones is growing, with nearly 1/3 of sub-Saharan Africa now having access to a smartphone, up from 10-15% just 5 years ago.
Our portfolio companies create digital products for the most popular uses of the internet in sub-saharan Africa - sharing sports, music, and film content.