Successful car rental entrepreneur and CEO of Mobileye, an automotive tech giant, Mr Boaz BagBag has hailed Africa as land of great opportunities for young businesses.

Boaz BagBag

According to him, other continents are heavily investing in Africa and reaping their returns without hassles.

“African is now more than an emerging market. She has great potentials. Chinese people are invading Africa as we can see. They are here lending helps and supporting the economy but bearing in mind they are also investing heavily. Africa is also very accommodating. The likes of Nigeria , Kenya and South Africa’s economy are doing great numbers,” he asserted.

Throwing more light on how the automotive tech industry in Africa is untapped by Africans Boaz BagBag states, “Tech business has grown in Africa, if not, the likes of Microsoft, Facebook and google would not have major presence by having offices there. So, I strongly advise that we look into that market as business entrepreneur and build a working structure there. As business owners, we need to look beyond the challenges the continent is facing at the moment and look at the advantages.”