I am currently living in Nairobi, Kenya and as I travel through Eastern Africa (with pit stops in Madagascar & Victoria Falls) there hasn’t been a bigger problem other than Internet Access. There aren’t many places in the world that aren’t connected to the internet outside of Africa and North Korea. Africa, for years, has lived with internet that was built for cave men while the rest of the world has enjoyed lightning fast internet access. Below you can see the underwater fiber optic sea cables:
Everyone in the world is connected (especially Europe and the United States) and Africa is almost completely neglected. There are a few massive projects that are in place to bring several new high speed fiber optic internet lines all around Africa. I’m currently writing this post in Madagascar and can personally tell you this country is one of the least connected countries I have traveled to. The only place that I found decent internet access was in the western coast, a city called Toliara.
With good reason too because you can see the new lines being laid below are directly to Toliara in Madagascar.
Understand that Day Trading in Africa will have a very unique set of problems. You can find reliable and fast internet connections mainly on the coasts, once you head to the interior it will be hard to find a reliable connection. Most countries in Africa are considered third world and the power and internet go off many times throughout the week. There are ways around this in some countries but you want to prepare for this if you decide on day trading in Africa (click here to see my office in day trading office in Zambia).
I chose to live in Nairobi, Kenya because it is one of the most developed countries in Africa and it is also the financial center for all of Eastern Africa. Kenya is also on the coast which I considered a prime location to obtain a good internet connection. I could have chosen South Africa, which is the most developed country in Africa, or even Egypt or Morocco, which are developed in their own right. I really wanted to go to on Safari, visit the newest country in the world in South Sudan, and visit Somalia (Somaliland to be exact).
Call me crazy I know! They told me I was crazy when I took out $25,000 in student loans almost 10 years ago to start day trading and look at where I am now. On the 27th I will be heading to Ethiopia to get my Somaliland visa and then I will be off to explore on the most dangerous countries on Earth.
Anyone want to wager whether I will be able to day trade in Somaliland?