Browsing: african tech business report


Digital economy Africa,

A report jointly produced by Google and the International Finance Corporation titled e-Conomy Africa 2020  projects that Africa’s internet economy is expected to grow into a $180 billion industry by 2025. This would put the contribution of e-based economic activity on the African continent to 5.2% of GDP by the quarter-turn of the century.

The report predicts that Africa’s internet economy will be able to withstand the effects of coronavirus and emerge as a resilient force to drive economic growth on the continent. It notes that opportunities are rife, even with the covid-19 pandemic having affected most economies. This resilience will be based on the rich human resource base in Africa which boasts of polished developers. 

It anticipates that with the digital revolution in play, governments will catch up and introduce policies to support and foster the growth of internet-based businesses across the continent.   Further, investment in