How Technology Could Promote Growth in 6 African Countries

Must Read

Africa is closely watched as the next big growth market – a description that has persisted for a while. Despite many reasons for optimism, growth in Africa has stalled; both the IMF and the World Bank have cut their 2019 economic growth projections for sub-Saharan Africa (SSA) to 3.5% and 2.8% respectively, with growth in 2018 at 2.3%.  Does the true acceleration potential for the region lies in the rapid spread of mobile digital technology, which would help the region “leapfrog” ahead in its economic development? The Tufts Fletcher School, in a research project funded by the Mastercard Impact Fund, examined this proposition. In a study of six key countries drawn from different sub-regions, the authors examined three primary categories of levers that could translate digital technology uptake into development and inclusive growth: jobs enabled by digital platforms; institutional drivers necessary for digital success; and the foundational digital potential of the country.

- Advertisement -spot_img

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisement -spot_img
Latest News

Ramadan For Muslims In Africa

Every year across the Islamic world, there is one month when the rhythms of time seem to change: Ramadan. Patience...
- Advertisement -spot_img