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Diaspora Matters

Strive Masiyiwa: How to develop a billion dollar business

mobile app

The future looks bright for innovative youngsters in Zimbabwe. Traditional ways of making money are on their way out as they make way to tech opportunities. Is this one of the motivational post of starting a poultry with one feather?lol Well not really, lets look at the latest post from our wealthiest national—Dr Strive Masiyiwa,

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There are now more than 400m Smartphones in Africa. Within 18 months there will be more Africans who have Smartphones in their hands than there are Europeans or Americans!

That means they are all connected to the Internet.

What possibilities does this open for you as an entrepreneur?

All Apps work only on Smartphones and other Internet enabled devices.

400m is one heck of a market size!

This is why the likes of Twitter are scrambling to open offices in Africa, and more are coming. Problem is; if our own entrepreneurs don’t get in the game, our continent will be just consumers, whilst the wealth goes elsewhere to The USA and probably China!

WAKE UP PLEASE!!!

If you create a Product [an App enabled service in any sector] that captures just 25m customers, it is already valued at a Billion Dollars!

There is nothing else out there that can create wealth at that pace, even if you got all your country’s goldmines, and oil fields.

Think about it!

What do you want me to do with you, my child?!

Whatever it is you are doing just find a way to offer it using the Digital Platforms.

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Key takeaways,

Be globally minded: Develop mobile apps that cater for the needs of the continent in general. Zimbabwe is not enough–our population just 16 million. Look at SADC, look at the Swahili market, consider West Africa too.

Test Pilot in Zimbabwe: Polish your app in Zimbabwe and then cascade it across the continent.

It takes time: Getting 25 million downloads does not happen in 3 years, look at the long haul with a horizon of 5-10 years.

Solve Problems: What are the top 10 problems on the continent? Develop a mobile app that solves the problem and in a decade or so, billion dollar industry created.

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Victor Muchemwa

The author Victor Muchemwa

Victor Muchemwa is a Chartered Management Accountant, ACMA, CGMA and an award winning business coach and consultant. Author of 5 books and skilled in financial analysis, strategic planning, risk management, and business coaching. Contact +263 773 055 063

1 Comment

  1. Thank You Ntate , Special Thank to Mr Masiyiwa for waking us up , I am Tech Entrepreneur in trying times and the knowledge he share on his facebook page are priceless

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