Beyond macroeconomic factors, though, technology is driving profound changes to economies and societies across the continent. The hundreds of millions of mobile handsets and billions of airtime minutes only go some way to describe the scope of entrepreneurship that underpins Africa's technological revolution. From mobile payments to telemedicine and advertising, there is a common pulse of innovation, driven by an irrepressible combination of aspiration and necessity.
A 2010 Massachusetts Institute of Technology report said that 75 percent of all households with an M-PESA account used the service to store money. Its success has opened the door to an economy that is no longer entirely cash-based, sparking a wave of innovation from local technology entrepreneurs such as Agosta Liko.
http://www.wired.co.uk/magazine/archive/2011/08/features/switching-on
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