By Adedapo Adesanya
Twitter has snubbed Africa’s largest economy, Nigeria, and has picked its West African neighbours, Ghana, as the preferred location for its first African office.
This was disclosed in a statement on Monday by the social media giant. The opening of its office in Ghana is part of efforts to make inroads in some of the world’s fastest-growing markets.
In the statement, the company noted, “We must be more immersed in the rich and vibrant communities that drive the conversations taking place every day across the African continent.”
The move has come as a surprise to many as they had pegged South Africa or Nigeria as the first choice but according to Twitter, the decision to kick off its African expansion with Ghana stems from the country’s dealings with the African Continental Free Trade Agreement (AfCFTA) and its openness towards the internet.
“As a champion for democracy, Ghana is a supporter of free speech, online freedom, and the Open Internet, of which Twitter is also an advocate.
“Furthermore, Ghana’s recent appointment to host The Secretariat of the African Continental Free Trade Area aligns with our overarching goal to establish a presence in the region that will support our efforts to improve and tailor our service across Africa,” the statement read.
Twitter’s move was welcomed in Ghana by the country’s president, Mr Nana Akufo-Addo, who tweeted, “This is the start of a beautiful partnership between Twitter and Ghana,” adding that its presence was crucial for the development of Ghana’s tech sector.
Twitter trails its rival, Facebook Incorporated, which opened its first African office in Johannesburg in 2015 and plans to open a second in Lagos this year. The firm struck a deal with African telecom majors in 2020 to build one of the world’s largest subsea cable networks.
Africa is under-tapped terrain for technology firms, with internet use per population at around 39 per cent against a world average of 59 per cent according to web analytics firm StatCounter, but that number grows every year thanks to expanding mobile broadband networks and affordable phones.
StatCounter figures show that around 11.8 per cent have Twitter.
The news comes almost eighteen months after Twitter Chief Executive Officer, Mr Jack Dorsey with his Twitter team visited the continent for the first time in November 2019.
During his tour on the continent, he visited Ghana, Ethiopia, Nigeria, and South Africa, where he met with different industry leaders and tech stakeholders on matters concerning Twitter and bitcoin.
There are expectations that social media will grow on the continent in the next couple of years.
The blockchain brings new financing options to the business market. For example, Bitcoin Cash casino has adapted to only using cryptocurrency. This way, it makes it easier for their customers to deposit and withdraw in a BCH casino. Entrepreneurs have taken note of this and are looking to invest more in crypto than in fiat markets.
Like Our Facebook Page
Latest News on Business Post
- FG Launches System to Register Phones to Tackle Theft May 13, 2021
- Premier League Agrees £5bn TV Broadcast Deal Extension May 13, 2021
- Firm Unveils Insurance Cover for Tricycle Riders May 13, 2021
- Insecurity: Buhari Begs Nigerians for More Understanding May 13, 2021
- HP Extends Digital Partner Programme to Global Retailers May 13, 2021
- DMO, Investors Prepare for N150bn Bond Sale May 19 May 13, 2021
- Eid al-Fitr: Akande-Sadipe Tasks Muslims on Peace, Love May 13, 2021
- Companies Pay N392.8bn Income Tax to Government in Q1 2021 May 13, 2021
- Bitcoin Slides as Elon Musk’s Tesla Suspends Acceptance for Purchase May 13, 2021
- Brent Hits $69 Amidst Positive Economic, Demand Forecasts May 13, 2021
Economy5 years ago
Kwara Disburses N1.7b For Projects
Technology5 months ago
How To Link Your MTN, Airtel, Glo, 9mobile Lines to NIN
Feature/OPED1 year ago
Davos was Different this year
Economy3 years ago
FAAC: FG, States, LGs Share N655.18b in January
Economy2 months ago
MBA Forex Blames CBN for Inability to Return Investors’ Funds
Banking3 years ago
Sort Codes of GTBank Branches in Nigeria
General2 years ago
Ikeja Electric Explains How to Get Prepaid Metres via MAP
Feature/OPED2 months ago
COVID and the Growth of Technology in Nigeria