Developing technology on the continent is a huge opportunity for investors and can be a lever for social advancement, but the private sector has an important role to play Improving access to digital technologies in Africa is a major component in the push towards growth on the continent and will help its countries to catch up with their more advanced counterparts elsewhere. However, much of the financing and innovation for this must come from the private sector by its very nature and will doubtless be a talking point at the IMF/World Bank meetings in Marrakech this week, where GlobalCapital’s sister publication, GlobalMarkets , is publishing daily news and anaysis. Crucial aspects of this push involve further developing infrastructure, improving education and training and continuing to promote entrepreneurship across generations. Governments in countries including Morocco, Ghana and Kenya have already taken important steps to encourage digital transformation with initiatives including government subsidies and programmes to bring connectivity to rural areas. Digitising the continent allows younger generations to create white collar jobs for themselves that allow active engagement in the workforce. If done at scale, this will naturally encourage sustainable growth. Many African countries are well set up to exploit technological […]
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