We build ventures in Africa.
We build ventures in Africa.
If demographics are destiny and outcomes are tied to growth, Africa is only accelerating its global relevance over the coming decades. In the next thirty years, 25% of the global population will reside in Africa. It is the fastest-growing continent in the world measured by both population and GDP, with six of the 10 fastest growing economies and fourteen Sub-Saharan African nations with annual growth rates greater than 6%. Given this trajectory, it's inevitable that many of the worlds most valuable and valued brands and institutions will grow from Africa.
The most important problems, and biggest opportunities, of the 21st century are in Africa. To meet these challenges, the continent's entrepreneurs and creatives will make themselves heard.
Akili exists to support and build with them.
Demographics are destiny, population growth isn’t slowing down soon, and Africa must industrialize rapidly. How do we do so sustainably? We must do more with less, leveraging the latest technology and inventing new methods based on local problems and conditions.
From waste collection to dematerialization, alternative power to purpose-built supply chains, the opportunity for industry is in updated models not backdated thinking. We're fascinated by system-wide problems and opportunities and are exploring how to build products, markets, and infrastructure within the world as it is.
Financial services are deeply fragmented In Africa. Most consumers are still underbanked and are served by fintech startups, mobile network operators, and new financial models for credit, insurance, and savings. Fragmentation has led to under-regulation, creating new models of indebtedness and predatory practices.
A sustainable, defragmented financial system for consumers and SMEs has yet to be established. We want to make it easier for new services to be built, existing products to be distributed and scaled, providers to work together, and customers to understand what it all means for them. Doing this will require building a layer of infrastructure and connectivity across systems and desired behaviors.
Nowhere on Earth does the future of work look like the past, but oftentimes in Africa, the gig economy is the economy. Semi-formal and informal labor, side hustles, and alternative forms of training and workforce development already abound. It's time to rethink and contextualize education and the future of work.
How do you train students for the roles corporates need to fill? How do you prove skills? How do you make it easier for SMEs to start, grow, and scale? How do you distribute content for education, human, and career development? We are exploring all of these themes across education, content platforms, workforce development, SMEs, and the informal economy.
While the importance of human health is universal, the economics and delivery of services are very much contextual. Healthcare and outcomes in Africa are improving, but a growing population and tectonic global shifts accelerated by Covid-19 show that it's high time to update old models.
In contexts where insurance is scarce and care is pricey, it's necessary to rethink how it's paid for. Can costs be offset and solutions designed for the whole of society, all while improving quality of care? How do we leverage new diagnostics and technology and implement innovative business models? We are working with incredible entrepreneurs, doctors, and scientists across the continent to explore what it means to build healthcare systems designed for Africa.
At our core, we are a network, and we're constantly looking to grow.
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