African tech firms pick UK for licences, US for funding, study shows
- African tech companies are increasingly using the UK as a base for licensed operations.
- The US is mainly used for financing-linked incorporation by these companies.
- The UAE serves as a base for day-to-day operations and access to the Middle East.
The trend of African tech companies establishing a presence in the UK reflects a strategic move towards leveraging regulatory advantages and market access. This could foster innovation and growth in the African tech ecosystem, but it also raises questions about the long-term sustainability of such dependencies on foreign markets.
