Buy stocks in this African tech company

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The African content is haunted by challenges that have led local businesses to rethink their plans for continental expansion. Political and social instability, blatant inequality, low literacy rates, regulatory insecurity, rampant unemployment and crippling infrastructure are just some of the challenges that different nations face.

However, in a continent where more than 60% of its 1.2 billion people are under the age of 25, there are also unique eventualities, primarily related to the adoption of digital technologies.

Africa’s young people are adopting new technology early on, as evidenced by the rapidity in which mobile money has been used up as a viable means of payment for changing cash. South Africa is home to some of Africa’s most lucrative technology company And as it stands, these companies are in a good position to partner with global giants like Microsoft, Amazon, and Facebook rather than trying to compete with them.

With that in mind, here are tech companies based in Africa specializing in ICT (information and communication technology) that you may want to invest in their stocks.


Altron currently operates in just over 20 African countries and offers the kind of digital services that can be compared to what Amazon offers; This includes algorithm training, data arrangement and management, competence training and AI development and use.


Altron often works with Cisco, Microsoft, Amazon Web Services, and a number of global technology companies. Altron’s share price has practically doubled in the past five years, although it has not yet reached its high of ZAR14 per share, at which the stock traded 3 years ago.

Altron’s price performance shows that Africa continues to be viewed by investors as a long-term player despite the opportunities it presents.

MTN group

MTN Group continues to do well in South Africa and the 21 countries in which it operates in Africa and the Middle East. The mobile tech giant offers mobile financial services, voice, data and digital products. Data is everything in Africa; It offers its people the opportunity to access the internet and create their lives, whether it be by socializing or making a living from commerce, which has become huge across the continent.

Access to the right data means that someone can be in Ghana and anyway Analyze the UK stock market and its stock prices and options to speculate on the movements. At the time of writing, MTN’s share price was hovering at just over ZAR 96, compared to its level three years ago when it traded at ZAR 117.61, also lower than its high of ZAR 125.82 five years ago .

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Datatec is a multinational ICT group based in Johannesburg with offices on six continents and 50 countries. The group recorded the fastest sales growth between fiscal years 2019 and 2020 due to its activities in Africa and the Middle East. The contributions rose from 8 to 10%.

That contribution pales in comparison to the 46% of sales from Europe in 2020, which means that Datatec has only just begun to penetrate the African market, which leaves room for future growth and expansion.

Datatec’s share price is up 30% lately from 3 years ago, but not quite at its high of ZAR 44.50 5 years ago. At the time of writing, it was trading at ZAR 38.27.


South Africa’s oldest telecommunications company operates in more than 38 countries across Africa. More recently, the company has seen strong growth in cellular services in its home country through an aggressive marketing strategy, including outsourcing initiatives, and analysts say it could use that surge to broaden its horizons with a view to expanding its cellular services beyond the borders of South Africa Market where competition is fierce.

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While the share price is not at its high of ZAR55, but five years ago, it was at ZAR46.91 at the time of writing – a clear sign of growth. Telekom and all of the above companies are well established and won’t go away overnight.

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