Rwanda, Uganda top African destinations for IT investment


Rwanda and Uganda are emerging a 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, the East African reported.

During 2017 $200 million was spent in East African technology-based investments with Kenya attracting $147 million.

However, Rwanda and Uganda are catching up and taking a slice of the pie that has traditionally gone to Kenya, taking in a combined $52.7 million last year, of which $36.7 million went to Rwanda.

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

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