Africa's rapidly evolving tech space has taken center stage at the recent GITEX Global event, highlighting the continent's growing innovation and entrepreneurial spirit. Startups like Lupiya, an AI-powered neobank from Zambia, are making waves with their innovative solutions, offering online loans, peer-to-peer investments, and digital payment services. Lupiya's success, having raised over $14 million and serving over 100,000 users, demonstrates the potential of African startups to disrupt traditional industries and drive economic growth.
The continent's burgeoning AI ecosystem, with over 2,400 organizations, is also driving innovation, with companies like Agrovesto revolutionizing Africa's agro-commodities market through digital innovation. The influx of talent returning to Africa, strong government support, and programs for startups are all contributing to a promising future for tech innovation in Africa.