OMG Digital (YC S16) Is BuzzFeed for Africa
themacro.com
themacro.com
$1.3 trillion that the continent is projected to spend
in 2020.
Please don't use statistics like this. The combined consumer spending of a continent (54 separate countries, I think) is not really a fair portrayal of the opportunity. The linked source notes that $200bn is projected to be discretionary, which is closer to being relevant (as discretionary spending is largely the target of advertisers.)The real question, which that metric may have been trying to address, is the purchasing power of the average consumer.
From 1993 to 2008 the average per capita income of sub-Saharan
African economies barely budged—it increased from $742 to $762
per year (measured in 2005 purchasing-power parity-adjusted dollars).
If we exclude South Africa and the Seychelles, we see a decline from
$608 to $556 over the period.[0]
For individual spending that small, you (an company making money from ads) either need:a) Companies who have incredible operations to sell at scale across the continent, given the low average customer value (e.g. Coca-Cola)
b) Many companies, each tackling local markets, that you (or an underlying ad network) can reach effectively at scale
Are there examples of large corporate ad buys from (a) or an underlying network for (b) in Africa?
[0] http://www.economist.com/blogs/freeexchange/2014/01/incomes-...
I do wish them the best though. Also Kenya has become something of a startup hub the last few years. I hope it continues. It's exciting to see Africa represented in tech news.
Primarily, because I know from personal experience that a lot of people on the east side of Africa, do not actually care about random news on the west side of Africa (reasonable considering the two sides are approximately 3000 miles away from each other and have utterly dissimilar histories).
Edit: There's a different page for each country; I missed seeing the button to select accordingly the first time through.
Couldn't find any relationship between the two from a cursory look, but I'd be shocked if they didn't have OMG trademarked in some form.
"This is how these famous Ghanaian men would look if they had dreadlocks"
"Different Kinds Of Women You’ll Find In A Typical Ghanaian Church"
"13 Times The English Language Made Absolutely No Sense At All"
I mean, good luck to them and everything.
(EDIT: This post sounds grumpier than I intended it to.)
Rule #1: Build something that people want!
There's a reason that "Uber for X" is a bit of a meme, but "Lyft for X" isn't.