The Project Establishment known as the TechPlant Ghana Limited :
Brief Rationale of Project Development Approach: At the end of 2016, there were 420 million unique mobile subscribers in Sub-Saharan Africa. The region accounts for nearly 10% of the global mobile subscriber base, a rising share. The mobile and other electronics gadget penetration rate of 43% is significantly lower than the global average penetration rate of 66%. Although annual subscriber growth has slowed to single digits, Sub-Saharan Africa is still growing faster than other regions.
The economies of developing and emerging markets have grown faster than industrialized countries in recent decades. The deeper integration has facilitated this into global trade and a sharp rise in foreign direct investment. Trade and direct investment between developing and emerging markets themselves have also risen sharply in recent years.
However, not every country benefits from trade and direct investment to the same extent. On account of inadequate infrastructure or poor education levels, it is often the most impoverished countries that are less attractive to investors making them barely not competitive in world trade. Therefore, the development of our tech base technology partners is willing and committed to supporting the project by creating a considerable investment technology hub in Ghana, improving their overall conditions for the tech base infrastructure.