After a week of business meetings in the cities of sub-Saharan Africa, Eric Schmidt posted a detailed list of observations. As he used to run Google and is still on their board, I’ll give him a bit more credit than others who might want to opine after a week’s exposure to the continent’s dynamism.
Eric starts with 3 positive major trends:
the despotic leadership in Africa from the 1970s and 1980 is in decline, replaced by younger and more democratic leaders
a huge youth demographic boom is underway, with a majority of the population of 25, or even under 20
mobile phones are everywhere, and the Internet in Africa will be primarily a mobile one
And then he lists 10 observations that many of us already see, but its great to have validation from a global business leader: