Digital technologies open vast business opportunities in Africa
The share of Africa’s population connected to digital technologies is growing rapidly.
In 2020, around half a billion Africans – some three-quarters of the continent’s adult population – had access to mobile phones.
A growing share of the continent is also connected to the internet, although often through mobile data networks that have limited bandwidth.
Expanding access to digital technologies is opening up vast business opportunities in a continent otherwise characterised by bureaucracy, corruption and state failure.
Digital technologies circumvent the institutional failures that have long suffocated business growth and dynamism.
Digital platforms that connect service providers with Africa’s consumers are particularly flourishing in sectors as diverse as banking, agriculture, transportation and other services.
Read full article at African Business