Economics
Silicon (Valley) Is the Hot New Commodity in Africa
- Investment in oil, mining drops and rises in consumer sectors
- Facebook’s Mark Zuckerberg visited Nigeria, Kenya last month
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The titans of Silicon Valley are undeterred by the economic slump afflicting much of Africa.
Facebook Inc., Google, Oracle Corp. and Uber Technologies Inc. are at the leading edge of turning the world’s frontier markets digital. As the commodity crash buffets the continent’s biggest economies, the interest and investments couldn’t come at a better time.