Rwanda, Uganda favourites for tech investors


By ALLAN OLINGO
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Rwanda and Uganda are emerging favourite destinations in Africa for investment in information and communications technology.

However, the leading investor destinations in the ICT sector in sub Saharan Africa — Kenya, Nigeria and South Africa — have recorded a decline in investment flows.

According to new data, East Africa attracted $200 million in technology-based investments in 2017, with Kenya accounting for $147 million.

Rwanda and Uganda are starting to get a slice of the investment that has traditionally gone to Kenya, taking in a combined $52.7 million last year out of which $36.7 million went to Rwanda.

A new report by the GSM Association (GSMA), the global lobby for mobile network operators, titled The Mobile Economy in sub-Saharan Africa, shows that…

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