EP 17 – African eCommerce and Internet Penetration – Martin Ronfort and Michael Waitze

Aug 25, 2021

Martin Ronfort, the founder of DrTech, and Michael Waitze, the founder of Michael Waitze Media dove into the internet landscape in Africa and its developing eCommerce space.

Some of the topics we discussed included:

  • Internet penetration in Africa is high and growing
  • Africa has the youngest and second-largest population in the world
  • According to the United Nations, the median age in Kenya is 20.3 and Nigeria is 18.1!
  • Africa has over 50 countries and a population of approximately 1.2BN people – Kenya has an internet penetration of over 85%
  • Nigeria has a population of over 200MM people with 188MM mobile phone connections
  • Nigeria has 104MM internet users and 33MM active social media users
  • Alerzo raises $10.5MM Series A

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