Local Innovations Meet Local Needs
African startups are increasingly in the spotlight, providing tailored solutions to the continent’s specific challenges. At the recent GITEX Africa tech fair in Marrakesh, innovations ranged from healthcare apps to advanced remittance systems, showcasing the region’s growing tech scene.
Rising Stars in Remittances
Among the participants was Jean-Charles Mendy, a Senegalese entrepreneur who, along with his business partner, developed an app three years ago aimed at revolutionizing how the African diaspora sends money home. This app is particularly tailored for the Senegalese abroad, allowing them to pay bills or convert funds into vouchers directly, thus ensuring their hard-earned money is spent as intended. The significance of such services is underscored by last year’s remittances to sub-Saharan Africa, which exceeded US$50 billion.
Growth Amidst Challenges
Despite Africa’s position as the fastest-growing startup ecosystem globally, especially in mobile payments, the sector faces challenges. These include significant inequality and a general lack of digitalization, which hampers wider financial inclusion. Yet, investment continues, albeit unevenly, with some startups seeing substantial growth and investment interest thanks to their innovative approaches.
Expanding Impact in Healthcare
Healthcare technology is another critical area where African startups are making a difference. With over half of the continent’s 1.4 billion people living without adequate medical coverage, startups like CheckUps are stepping in to fill the gap. Co-founded by Renee Ngamau, CheckUps leverages technology to provide medication and healthcare services in remote areas of Kenya and South Sudan, reaching those who are typically underserved.
Innovative Solutions for Local Problems
In Kinshasa, Dr. Ulrich Kouesso launched LukaPharma, an app that helps locals navigate the often-challenging landscape of finding reliable pharmacies. This app not only locates licensed pharmacies but also identifies those stocked with essential medications, combating issues like counterfeit drug sales and inefficient healthcare distribution.
The Road Ahead
As African tech startups continue to develop solutions that address local needs, their impact on the continent’s economic and social landscape is expected to grow, highlighting the critical role of innovation in Africa’s development.
