Africa: Rwanda-Based Mara to Invest $100 Million in South Africa

29 October 2018

Pan — African multi-sector business services company Mara Corporation has set its eyes on the South of Africa, as it looks to invest multimillions in the economy of South Africa. The Rwanda-based firm will introduce affordable, hi-tech smartphones in the country, expanding its reach and fulfilling the demand of the market. The new project aims at enhancing communication.

According to Ashish J. Thakkar, the founder of Mara Group and Mara Foundation, there are over 400 million smartphones in use in the continent of Africa, with the number likely to reach a billion. Technology and innovation and digital migration have posed business investment opportunities for tech firms more so in Africa, with the continent's population offering a market for their products and services.

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