Africa can teach development experts - This is Africa - 0 views
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Madeline Brownstone on 12 Mar 10"African entrepreneurs have successfully capitalised on cascading prices of digital technologies and brought widespread use of mobile phones, internet applications and media products to the doorsteps of many Africans. Local entrepreneurs have built services and infrastructure based on ordinary people's ability to pay. Productivity gains and higher incomes resulting from these services mean that people can afford them. The profitability of these companies invites competition, which lowers costs for consumers and leads to even greater innovations as competitors try to outdo one another. And competition prevents abuses."