Is Africa ready for a big tech breakthrough that will change its economy? The IT sector in Africa is growing fast, with amazing numbers showing how quickly things are changing. By looking at the IT industry growth statistics in Africa, we learn about the new ideas, obstacles, and big possibilities.
The tech scene in Africa is speeding up like never before. In 2022, 36% of people in Africa, or about 504 million, started using digital tools more. This quick growth is making major changes in businesses and opening up new chances all over the continent1.
However, a big gap in who can access digital services is still there. Almost 70% of Africa’s digital divide is still to be fixed. It shows the urgent need for better technology and support from leaders2. Fixing this gap is key to making the most of Africa’s digital future.
New tech in Africa is leading the way to a major digital shift. Things like AI and mobile banking are helping to solve local problems and find chances worldwide. Africa is growing faster than any other place in the telecoms business, meaning a great future for tech in Africa3.
Key Takeaways
- 36% of Africa’s population was digitally connected in 2022
- The African digital divide stands at 69.64%
- Emerging technologies are driving innovation across sectors
- Africa leads global growth in telecommunications market parameters
- Digital transformation is reshaping industries and creating new opportunities
- Bridging the digital divide is crucial for unlocking Africa’s IT potential
The Rise of Africa’s IT Sector
Africa’s technology sector is growing fast, changing the digital scene. In every industry, more and more people are using new technology and developing digital services. This growth is bringing changes to how business is done all across Africa.
Overview of the African IT landscape
The tech scene in Africa is moving quickly, with lots of money going in. In 2021, companies across Africa got a total of US$4.4 billion from investors. This was a huge jump, 63% more than the average in the years before4. All this cash is helping startups bloom. In 2021, 640 new companies raised money, hitting a total of 681 rounds4.
Key drivers of growth in the African IT industry
Many things are pushing the growth of tech in Africa. Finance and tech companies got the most investments, 32% and 16% respectively4. Nigeria and Kenya saw a lot of this growth. They have the most investments when it comes to new and smaller companies4. Right now, Africa has seven unicorn companies, each worth more than a billion dollars4.
The future of tech in Africa is bright. By 2025, the digital economy could be worth $180 billion. And by 2050, it could hit $712 billion5. More and more places for tech startups and companies to work together are being set up. There were over 600 such places by 20195.
Comparison with global IT market trends
Although Africa’s tech sector is growing, it’s still behind the world in some areas. Fewer people here have the internet, just 40%, compared to 66% worldwide5. Digital skills are also lacking. Africa is home to 12 of the 20 countries that face the biggest digital skills gap in the world5.
| Metric | Africa | Global Average |
|---|---|---|
| Internet Access | 40% | 66% |
| Graduates with Digital Training | 11% | N/A |
| Projected Digital Economy Value (2025) | $180 billion | N/A |
Africa’s tech industry is facing these challenges head-on. The market for data centers is set to rise by 12% yearly. It could be worth $3 billion by 2028. This growth comes from more people using the internet, watching digital content, and from companies changing to be more digital6.
IT Industry Growth Statistics in Africa
The IT market in Africa is growing fast. This growth shows the continent is changing digitally. Many sectors and places are seeing big improvements. They come from more investments and using newer technologies.
Market Size and Projections
In Africa, the IT equipment market is going up. By 2021, it was worth $6.02 million. And it’s expected to hit $7.24 million by 20237. This includes sales of hardware, software, and services. It tells us that Africa’s IT market is really expanding.
Growth Rates Across Different African Regions
In Africa, different parts see different tech growth. South Africa is leading in data centers. By 2029, the continent’s data center capacity could reach 1.23 thousand MW. That’s a 12.34% increase every year8. The need for digital services is driving this growth.
Sector-specific Growth Indicators
In Africa, IT trends show exciting growth in many sectors. The colocation market is a good example. It could jump from $750.2 Million in 2024 to $1,709.6 Million by 20298. Also, African tech startups got $4.8 billion in 2022. This shows investors have a lot of faith8.
| Sector | 2024 Projection | 2029 Projection | CAGR |
|---|---|---|---|
| Data Center Capacity | 0.69 thousand MW | 1.23 thousand MW | 12.34% |
| Colocation Revenue | $750.2 Million | $1,709.6 Million | 17.93% |
These numbers highlight how fast Africa’s IT sector is growing. They show Africa is becoming a major player in global tech.
Digital Transformation Initiatives Across the Continent
Africa is in the middle of a digital revolution. This change is reshaping how economies work. Governments are putting a lot of money into making this happen. They believe it will boost growth and development. By going digital, Africa is opening up new jobs and changing old ways of working.
More and more people in Africa can use the internet now. Mobile phones help a lot by making it easier for people to get online9. Africa’s young people are big fans of technology. They’re keen to use new ideas and make the tech world better9.
Different countries are moving ahead in the digital world. For example, Nigeria helps young people learn the digital skills they need. Places like the Eko Innovation Hub are there to support small tech companies9. In Kenya, projects such as Ajira Digital help young Kenyans get jobs in the tech sector. Huduma Njama also makes it possible to use government services online9.
South Africa and Rwanda are stepping up too. South Africa’s government is working hard to make the digital world fair for everyone. They’re also making sure more people have the internet where it’s hard to get9. Rwanda’s Smart Rwanda project is changing farming and healthcare with technology. Irembo lets people do important things online9.
The African Union has big plans for digital life by 2030. They want cheap, fast internet for everyone. They also want to cut the cost of digital gadgets. Their goal is for much of the digital world in Africa to be made and led by Africans10. They plan to teach digital skills to millions of Africans every year. And they want almost everyone to have a digital ID10.
These plans are already showing results. From 2015 to 2019, the reach of 4G networks in Africa more than doubled. The money going to tech startups also grew much faster than the world average11. Right now, Africa is home to over 640 places where tech ideas grow. Cities in Africa, like Johannesburg, are known around the world for new financial tech ideas11.
Africa is now full of new digital wonders. In Kenya, for example, M-PESA changed how people do their banking using mobile phones. Startups are also changing how goods are moved and managed. These changes are creating new jobs and helping Africa’s economy grow11.
The Role of Emerging Technologies in Africa’s IT Boom
Africa’s IT world is changing fast, thanks to new tech. This burst of tech is making big changes in many fields. It’s also bringing new chances for growth and fresh ideas.
Artificial Intelligence and Machine Learning
In Africa, AI is becoming more popular. Big tech companies have set up research centers there. This move helps Africa’s own tech experts grow and create new solutions for areas like health care, farming, and city planning.
But there’s still work to do. Not many small businesses use computers, especially those owned by young people. This shows there are hurdles to overcome12.
Internet of Things (IoT) and M2M Communication
IoT in Africa is growing fast, boosted by better connections and more people using mobiles. By 2022, the continent had over 570 million people online, twice as many as in 201513. This growth is making IoT in farming, health care, and cities more useful, making work easier and more efficient.
Cloud Computing and Big Data Analytics
Cloud technology is speeding up in Africa, doubling in market size since 2019. It’s expected to keep growing fast, at a rate of 25-30% a year13. More investments in data centers and cloud services are pushing this. Big data helps companies run better, make smarter choices, and get ahead in the game.
| Technology | Impact | Growth Rate |
|---|---|---|
| AI and Machine Learning | Healthcare, Agriculture, Urban Planning | Moderate |
| IoT and M2M | Smart Cities, Agriculture, Healthcare | Rapid |
| Cloud Computing | Business Efficiency, Data Analytics | 25-30% Annually |
These new technologies are changing Africa’s IT field in a big way. They are bringing in new ideas and driving economic growth. Spending between businesses is expected to reach a huge $1 trillion in manufacturing by 2050. So, the chance for growth is very big14. As Africa works to close the digital gap, these technologies will be key in its digital future.
IT Infrastructure Development in Africa
Africa is quickly upgrading its IT infrastructure. The continent focuses on improving its digital connections. Submarine and land-based fiber-optic networks are spreading out. These efforts are vital because weak infrastructure reduces growth yearly by about 2%15.
Building up IT infrastructure in Africa boosts its economy. By 2025, the internet economy could increase the GDP by $180 billion16. This shows how important strong digital foundations are. With big investments in data centers, Africa can keep up with this growth. The Africa Data Centers Association says by 2025, Africa will need about 100 more data centers to meet demand16.
There are challenges to overcome, too. Almost 600 million people in Sub-Saharan Africa have no electricity. This lack of power stops digital infrastructure from being set up or running properly16. To fix this, the African Union says $100 billion is needed to give everyone in Africa good internet. Most of this money, about 80%, must go to basic infrastructure16.
The Programme for Infrastructure Development in Africa (PIDA) has a big vision. It wants better infrastructure to unify the region and grow the economy. With its plans, energy costs could drop by $30 billion each year. Moreover, more than 800 million more people could get better power access by 204015. These steps play a key role in closing the digital gap and encouraging innovation all over the continent171615.
The Thriving African Tech Startup Ecosystem
The African startup scene is booming, thanks to young people and better access to tech. There are more than 600 places supporting tech in Africa. Countries like Nigeria, South Africa, Kenya, and Egypt are leading the way in innovation18.
Funding Trends and Venture Capital Investments
More and more money is going into Africa’s tech startups. This supports their growth and the new ideas they bring. Big investors around the world see the potential and are backing exciting tech projects19. This investment is vital for the tech scene in Africa.
Success Stories and Unicorns
Africa’s tech world has seen many big wins. Companies from Nigeria like Jumia, Flutterwave, and Andela, and from Kenya, Cellulant and M-KOPA Solar, are getting global praise19. Some African startups have even reached “unicorn” status, being valued at over $1 billion. This shows the region is full of chances for big growth18.
Incubators and Accelerators Fostering Innovation
Innovation centers are key for new businesses in Africa. Places like Lagos, Nairobi, and Cape Town have many. They help out with things like funding, support, and making connections. This way, startups can grow and beat obstacles19.
| Factor | Impact on the African Startup Ecosystem |
|---|---|
| Youthful Population | Fosters innovation and risk-taking |
| Rising Middle Class | Creates market opportunities |
| Technological Access | Enables digital platforms and solutions |
| Government Support | Provides resources and initiatives |
| Global Recognition | Attracts international investment |
By 2035, the African Continental Free Trade Area could increase Africa’s money by $450 billion. This means more chances for startups to grow and attract investment18. With its lively startup world, Africa is set to play a big role in tech globally.
E-commerce and Fintech: Driving Forces of IT Growth
Africa’s digital world is changing fast, driven by e-commerce and fintech. These sectors are expected to grow a lot, making up to $230 billion by 20252021. Tech startups are booming, with around 5,200 new ones showing up in just a year21.
Online shopping in Africa is getting bigger, thanks to more people using the internet and owning smartphones. Big names like Jumia and Takealot are increasing their services to keep up with what people want22. They make it easy to pay with mobile money, which is becoming very popular22.
But it’s not just online selling that’s growing. Fintech, or finance technology, is also booming. Around half of the new tech startups work in fintech, making billions of dollars in revenue21. Nigeria is leading this charge, despite many people not having access to banks20.
Fintech is changing how people manage their money. Its services are often cheaper and more rewarding than traditional banks, offering big savings21. Mobile money is making a big difference, especially in places like Kenya and Nigeria. Here, services like M-Pesa and Paga are a big part of daily life22.
| Aspect | Impact |
|---|---|
| Fintech Market Growth | 10% per annum |
| Projected Revenue by 2025 | $230 billion |
| Cost Reduction in Transactions | Up to 80% |
| Increase in Savings Interest | Up to 3 times |
The mix of e-commerce and fintech is changing economies and lives in Africa. It’s bringing more people into the financial system and creating jobs for many.
Challenges Facing the African IT Industry
Africa’s IT industry is booming, yet it has big hurdles to jump. We’ll look at what’s keeping this sector from growing even faster.
Infrastructure Gaps and Connectivity Issues
Getting the right IT setup in Africa is tough. Only 36% of people can use the internet, far behind the world’s 62.5%23. The gap is huge between cities and the countryside. It’ll take about US$100 billion to get everyone online, with most of that going into the basic internet structure23.
Skill Shortages and Talent Development
There’s a shortage of tech experts in Africa. The fast-growing IT field needs more skilled workers. Efforts like Microsoft’s plan to help 10,000 startups in the next five years are vital24. These programs help grow local talent to help fill the skills gap.
Regulatory Hurdles and Policy Frameworks
IT companies face a tough time because of varied rules in Africa. Different country policies make work hard. Rules on data protection, like those in South Africa, are needed but can also slow down business. Making all these rules work together well is key to helping Africa’s IT market thrive.
| Challenge | Impact | Potential Solution |
|---|---|---|
| Low Internet Penetration | Limited access to digital services | Invest in broadband infrastructure |
| Skill Shortages | Slowed industry growth | Implement tech education programs |
| Regulatory Inconsistencies | Operational difficulties for businesses | Develop harmonized pan-African IT policies |
Fixing these obstacles is key to Africa’s IT success. With the right investments and policy changes, the continent can beat these challenges. It can keep moving forward on its path of digital growth.
Government Initiatives Supporting IT Sector Growth
African governments are taking big steps to boost the IT sector. There’s a big push for digital changes all across the continent. These changes aim to narrow the digital gap and help the economy grow.
The Digital Transformation with Africa (DTA) initiative is a great example. It plans to invest over $350 million and help with more than $450 million in finance for Africa25. This effort follows big ICT strategies in Africa. It focuses on building better technology and training people in digital skills.
Power Africa is doing a lot too, giving electricity for the first time to about 159 million people in sub-Saharan Africa25. This electricity is key for the IT sector to grow. It lets more Africans use digital services.
The U.S. International Development Finance Corporation (DFC) is also making a difference. It’s giving $100 million to upgrade mobile networks in the Democratic Republic of the Congo, The Gambia, and Sierra Leone25. This money is to make mobile internet cheaper and more available.
But, there are still hurdles to overcome. By the end of 2021, only 22% of people in Sub-Saharan Africa were using mobile internet services, even though 84% could use 3G and 63% had 4G coverage26. This shows that more work is needed. We need bigger and better plans for digital change in Africa.
Looking forward, Africa’s internet economy could reach $180 billion by 2025, making up 5.2% of the continent’s GDP27. With ongoing support from the government and smart investments, Africa’s IT sector is ready for impressive growth.
The Impact of Mobile Technology on Africa’s Digital Economy
Mobile technology has completely changed how Africa uses digital tools. Smartphone use and mobile services are growing quickly. This is leading to new ideas and more economic success.
Mobile Penetration Rates and Usage Statistics
By 2021’s end, Sub-Saharan Africa had 515 million mobile subscribers, making up 46% of the population. Experts think this number will grow to 613 million by 202528. This growth also makes people connect to the internet more. Now, 33% of people in Africa use the internet29. Around 70% of Africans go online using their mobiles, not laptops or tablets29.
Mobile-First Innovations and Services
Africa’s focus on mobile technology is bringing new and useful services. M-PESA and other mobile money platforms have made banking easier for many, increasing financial inclusion30. The continent is also adopting blockchain and DeFi through platforms like Paxful and Binance30.
The Role of Mobile Money in Financial Inclusion
Mobile money is key to including more people in Africa’s financial systems. It helps millions without bank accounts be part of the economy. This success is also helping e-commerce grow. Big digital marketplaces like Jumia and Konga are big examples of this success30.
| Metric | Value |
|---|---|
| Mobile subscribers in Sub-Saharan Africa (2021) | 515 million |
| Projected mobile subscribers (2025) | 613 million |
| GDP contribution of mobile industry (2021) | 8% |
| Economic value added (2021) | $140 billion |
| Jobs created by the mobile ecosystem | 3.2 million |
The impact of the mobile industry on Africa’s economy is big. In 2021, it made up 8% of the GDP and added almost $140 billion economically. This also created more than 3.2 million jobs28. Its effect is expected to keep growing, reaching almost $155 billion by 202528.
As more young people live in Africa, the mobile digital economy will keep growing. This change, plus new mobile technology, will surely change Africa’s digital future a lot, creating more opportunities for growth and innovation29.
Mobile Economy Sub-Saharan Africa Report
Cybersecurity Trends and Challenges in Africa
Africa’s digital scene is facing more risks as it grows. The market for cybersecurity in Africa will jump from USD 0.6 billion in 2024 to USD 1.14 billion by 2029. This means an annual growth of 13.5%31. The focus on protecting data is rising, along with the changing ways we keep IT safe in Africa.
The banking sector is the main goal for online crime, hit 18% of the time. Telecommunication businesses follow at 13%, and government offices are at 12%32. It shows the urgent need for strong online security in Africa’s important sectors.
In 2022, cyberattacks against African companies went up by a lot. Kenya saw an 82% spike, while South Africa and Zambia had a 62% increase33. Yet, the continent lacks enough cybersecurity experts, with only 7,000 pros for a population over 1.3 billion33.
Attackers often use malware in 80% of cases, tricking people in 52%, and take advantage of weaknesses in 37%32. It highlights the need for solid plans to fight various online threats.
| Sector | Percentage of Attacks | Main Impact |
|---|---|---|
| Financial | 18% | Over $30 million in damages |
| Telecommunications | 13% | Customer data theft |
| Government | 12% | Confidential information theft |
| Trade | 12% | 86% success rate in obtaining confidential information |
With Africa’s online market expected to hit $180 billion by 2025, dealing with online risks is key33. The continent needs to focus on training local experts, setting up strong security rules, and working with others globally to fight cyber dangers well.
IT Services and Outsourcing Opportunities in Africa
Africa’s IT services sector is growing fast and getting worldwide recognition. This is because of the continent’s young, tech-savvy people and better infrastructure. IT outsourcing is blooming here.
Growing Demand for IT Services
The IT outsourcing market in Africa is vibrant, with a market size reaching US$15.1 billion34. The continent’s significant young workforce plays a big role in this. In Nigeria, for example, over 100 million folks are between 15 and 35. Across Africa, there are about 420 million young people in this category3435.
Outsourcing Hubs and Their Specializations
Key outsourcing hubs have emerged in various African countries:
- Egypt: The country has an IT-enabled services sector valued at $3.26 billion, home to over 95,000 call center workers35
- South Africa: Known for its 300,000+ strong call center workforce35
- Kenya: It ranks second in Africa for simplicity in business, and it produces 130,000 new graduates every year3435
- Nigeria: It boasts the biggest ICT sector in the region, including 16,000 BPO agents35
Competitive Advantages of African IT Service Providers
African IT service providers have unique benefits to offer:
- They are cost-effective
- They have a large, well-educated, English-speaking workforce
- They are focusing more on special services like research, analytics, and software development36
- They have embraced remote work, which lowers operational costs36
Tek Experts is among those leveraging these benefits with nearly 2,000 workers in Lagos. They provide round-the-clock tech support34. The African IT outsourcing sector’s future seems bright with an increasing focus on digital transformation, automation, and data safety36.
| Country | Key Strengths | Workforce Size |
|---|---|---|
| Egypt | IT-enabled services | 95,000+ |
| South Africa | Call centers | 300,000+ |
| Kenya | Business-friendly environment | 130,000 graduates/year |
| Nigeria | Largest ICT sector | 16,000 BPO agents |
The Role of International Tech Giants in Africa’s IT Landscape
International tech companies are changing Africa’s IT scene. Google, Amazon, and Microsoft have made big tech investments in the continent. Their actions are boosting innovation and growth.
These companies are investing in Africa’s progress. AWS plans to put $1.6 billion into its South African cloud by 202937. This move shows their belief in Africa’s tech future.
Microsoft is also doing its part. It’s working on providing internet access to 40 million people in places like Kenya and Nigeria37. This effort is helping to close the digital gap and create new chances for people.
Kenya is becoming a major player in tech. Its tech area is worth 1 billion USD and has the fastest internet in the world38. Projects like Konza City are attracting big names like Microsoft, Google, and Amazon. This is helping Kenya to become a tech center38.
International tech giants are also shaking up old industries. Big Tech in Sub-Saharan Africa is putting a lot into fintech to lead with their advanced tech39.
| Tech Giant | Investment Area | Impact |
|---|---|---|
| AWS | Cloud Infrastructure | $1.6 billion investment in South Africa |
| Microsoft | Connectivity | Connecting 40 million people across Africa |
| Google, Amazon, Microsoft | Smart City Development | Involvement in Kenya’s Konza City project |
With more investments from global IT firms, we’ll see a boom in areas like finance, Internet of Things, AI, and cloud services38. The effect of these giants in Africa’s tech cannot be overstated. They are ushering in a new era of technology for the continent.
Future Projections for Africa’s IT Industry
Africa’s IT industry is set for big growth. The tech sector looks promising with new opportunities. The digital world in Africa is changing, thanks to new tech and creative ideas.
Emerging Trends and Technologies
Many African countries are going digital.
Nigeria is at the front in fintech, with almost $2 billion raised. Big names like IBM and Google are creating AI hubs in Africa40. This is boosting AI efforts in Kenya, Egypt, and Benin.
Potential Growth Sectors
E-commerce and mobile payments are ready to grow a lot. By 2025, they could be worth up to $20 billion40. The fintech area is buzzing, with 674 companies in Africa.
South Africa is a standout, with lots of new companies and big investments in software and IT41.
Long-term Market Outlook
The tech future in Africa is very bright. Sub-Saharan Africa is expected to grow at 3.8%, beating the global average. It’s the second-fastest-growing area after Asia.
Entrepreneurship is on the rise, with 22% of working-age Africans starting businesses. This is the highest rate in the world41.
| Country | Notable Achievement |
|---|---|
| Kenya | Highest number of coding schools in Africa |
| Tunisia | Top-ranked for Cost Effectiveness in Tech Ecosystems |
| Morocco | Highest number of jobs created by inward FDI (2015-2020) |
| Rwanda | Among world’s top reformers in business regulations |
Africa is investing in its tech future. It’s on its way to being a key player in global IT. With innovation and startups, Africa’s tech scene is looking up.
Conclusion
The African digital economy is growing fast. The IT sector plays a big role in this growth. It has created 1.7 million jobs and added $144 billion to the economy in sub-Saharan Africa. This is 8.5% of the region’s GDP42. Mobile technology is a key driver. The number of mobile phone users shot up from 247 million in 1998 to 367 million in 201543.
Despite facing some challenges, the tech scene in Africa is prosperous. Broadband internet has spread, from zero users to 19 million between 2000 and 201043. This growth has brought change to areas like healthcare and agriculture. For example, in 2014, Rwanda used drones to deliver blood during the Ebola crisis42.
The future looks bright for Africa’s IT sector. More people will have better education by 2030, from 36% to 52%. This will help them join the Fourth Industrial Revolution42. As more young people enter the workforce, Africa’s digital economy will keep growing. With the right investments, the IT industry can lead Africa to a strong economic future.
References:
- Africa’s Digital Revolution: Exploring the Intersection of Tech, Film, Entertainment, and Sports – https://www.linkedin.com/pulse/africas-digital-revolution-exploring-intersection-tech-ibrahim-sagna-gcvkf
- Africa’s Digital Transformation: Closing the Digital Divide – https://www.uschamber.com/international/africas-digital-transformation-closing-the-digital-divide
- The rise of Africa’s digital economy – The European Investment Bank’s activities to support Africa’s transition to a digital economy – https://www.eib.org/attachments/thematic/study_the_rise_of_africa_s_digital_economy_en.pdf
- Council Post: Africa Is A Tech Hub On The Rise – https://www.forbes.com/sites/forbesbusinesscouncil/2022/11/10/africa-is-a-tech-hub-on-the-rise/
- Africa’s Opportunity in Digital Skills and Climate Analytics – https://www.bcg.com/publications/2022/africas-opportunity-in-digital-skills
- The Rise of Data Centres in Africa: What You Need to Know – Raxio Group Blog – https://www.raxiogroup.com/hub/blog/data-centres-in-africa-rise/
- South Africa – Information Technology – https://www.trade.gov/knowledge-product/south-africa-information-technology
- Africa Data Center Market Size & Share Analysis – Industry Research Report – Growth Trends – https://www.mordorintelligence.com/industry-reports/africa-data-center-market
- Digital Transformations in Africa | Ascertia | Blog – https://blog.ascertia.com/digital-transformations-in-africa
- Digital Transformation Strategy for Africa (2020-2030) | Digital Watch Observatory – https://dig.watch/resource/digital-transformation-strategy-for-africa-2020-2030
- Home – https://www.oecd-ilibrary.org/sites/2ef64dac-en/index.html?itemId=/content/component/2ef64dac-en
- Accelerating the Use of Digital Technologies is Key to Creating Productive Jobs and Boosting Economic Growth in Africa – https://www.worldbank.org/en/news/press-release/2023/03/13/accelerating-the-use-of-digital-technologies-is-key-to-creating-productive-jobs-and-boosting-economic-growth-in-africa
- The Role of AGOA in Accelerating Africa’s Digital Transformation – https://www.csis.org/analysis/role-agoa-accelerating-africas-digital-transformation
- Investment in science and technology is key to an African economic boom | Brookings – https://www.brookings.edu/articles/investment-in-science-and-technology-is-key-to-an-african-economic-boom/
- Program Infrastructure Development for Africa (PIDA) – https://au.int/en/ie/pida
- Facts about Africa’s Digital Infrastructure Opportunity – https://brickstone.africa/africas-digital-infrastructure-opportunity/
- Infrastructure in Africa: The growth essential – https://www.rmb.co.za/news/infrastructure-in-africa-the-growth-essential
- Why invest in African Tech Startups: Pioneers of Innovation and Growth – https://www.newtownpartners.com/why-invest-in-african-tech-startups
- Africa’s Thriving Startup Ecosystem: Seizing the Opportune Moment for Entrepreneurship – https://www.linkedin.com/pulse/africas-thriving-startup-ecosystem-yv3pf
- How Nigeria can leverage the rise of fintech for economic progress – https://blogs.worldbank.org/en/psd/how-nigeria-can-leverage-the-rise-of-fintech-for-economic-progre
- Fintech in Africa: The end of the beginning – https://www.mckinsey.com/industries/financial-services/our-insights/fintech-in-africa-the-end-of-the-beginning
- The Rapid Rise of E-commerce in Africa – https://www.linkedin.com/pulse/rapid-rise-e-commerce-africa-lime-capitalng-m7upf
- Africa’s digital infrastructure transformation | White & Case LLP – https://www.whitecase.com/insight-our-thinking/africas-digital-infrastructure-transformation
- The growing interest in Africa’s tech industry: recap of engagements, investments, and partnerships in 2021 and 2022. – https://www.linkedin.com/pulse/growing-interest-africas-tech-industry-recap-2021-2022-ccpp-
- FACT SHEET: New Initiative on Digital Transformation with Africa (DTA) | The White House – https://www.whitehouse.gov/briefing-room/statements-releases/2022/12/14/fact-sheet-new-initiative-on-digital-transformation-with-africa-dta/
- Digital Transformation Drives Development in Africa – https://projects.worldbank.org/en/results/2024/01/18/digital-transformation-drives-development-in-afe-afw-africa
- How tech can support transformational growth in Africa – https://blog.google/around-the-globe/google-africa/supporting-growth-in-africa/
- The Mobile Economy Sub-Saharan Africa 2022 – https://www.gsma.com/mobileeconomy/wp-content/uploads/2022/10/The-Mobile-Economy-Sub-Saharan-Africa-2022.pdf
- How Will U.S.-China Tech Decoupling Affect Africa’s Mobile Phone Market? – https://carnegieendowment.org/2022/10/03/how-will-u.s.-china-tech-decoupling-affect-africa-s-mobile-phone-market-pub-88034
- Africa’s Digital Economic Revolution: The Rise of Africa’s Mobile sector and its Impact on Digitalisation • 360 Mozambique – https://360mozambique.com/innovation/tech/africas-digital-economic-revolution/
- Africa Cybersecurity Market – Size, Share & Analysis – https://www.mordorintelligence.com/industry-reports/africa-cybersecurity-market
- Cybersecurity threatscape of African countries 2022–2023 – https://www.ptsecurity.com/ww-en/analytics/africa-cybersecurity-threatscape-2022-2023/
- Bolstering Africa’s Cybersecurity – https://www.darkreading.com/cybersecurity-analytics/bolstering-africa-cybersecurity
- Outsourcing in Africa: The Next IT Outsourcing Hub – https://tek-experts.com/insights/outsourcing-in-africa
- Outsourcing to Africa: Top Countries for BPO – Execs In The Know – https://execsintheknow.com/magazines/july-2023-issue/outsourcing-to-africa-top-countries-for-bpo/
- The Future of Outsourcing: Trends and Opportunities in Africa – https://www.linkedin.com/pulse/future-outsourcing-trends-opportunities-africa-remote-hr-solution
- Moments That Defined Africa’s Tech Landscape In 2023 – https://cioafrica.co/pivotal-moments-that-defined-africas-tech-landscape-in-2023/
- Kenya : Africa’s leading technology market – https://www.capmad.com/technology-en/kenya-africas-leading-technology-market/
- Reassessing Big Tech’s Impact and Disruptive Force in Africa’s Fintech Landscape – https://botpopuli.net/reassessing-big-techs-impact-and-disruptive-force-in-africas-fintech-landscape/
- “More tech companies are developing in Africa than in the rest of the world” – https://www.afd.fr/en/actualites/more-tech-companies-are-developing-africa-rest-world
- African Tech Ecosystems of the Future — the dawn of a new era – https://www.fdiintelligence.com/content/rankings-and-awards/african-tech-ecosystems-of-the-future-the-dawn-of-a-new-era-79638
- The Fourth Industrial Revolution and digitization will transform Africa into a global powerhouse | Brookings – https://www.brookings.edu/articles/the-fourth-industrial-revolution-and-digitization-will-transform-africa-into-a-global-powerhouse/
- The impact of digital technology usage on economic growth in Africa – https://www.ncbi.nlm.nih.gov/pmc/articles/PMC7456578/
