Don't Build Tech, Solve Real Problems: Lessons from Hubtel's Success - Hans Nilsson

We explore how African tech companies can leapfrog established markets by focusing on practical problem-solving instead of technology for its own sake. Hubtel's journey reveals valuable lessons for entrepreneurs looking to build lasting tech businesses that make a meaningful impact across Africa. • Technology in Africa offers immense untapped opportunities and potential to leapfrog established markets • The Citizen app in Ghana consolidates government services efficiently, something that would take years to implement in the UK • Mobile money thrives in Africa but barely exists in Europe, creating unique opportunities • Young entrepreneurs should focus on solving practical problems with technology rather than being "tech businesses" • Hubtel transformed ECG's payment system from -7% annual growth to +128%, implementing the solution in just four months • Companies should consider international expansion earlier than conventional wisdom suggests • Expanding the same service to neighboring countries often carries less risk than developing entirely new services at home • An IPO represents a "very realistic future possibility" for Hubtel as it thinks about becoming a multi-generational institution • Successful expansion requires finding underserved markets rather than competing head-on with established players Support the show Watch the video episode of this on YouTube - https://linktr.ee/konnectedminds Host: https://www.instagram.com/derrick.abaitey/ Join Entrepreneurs Community: https://www.skool.com/konnected-academy