Digital transformation could increase Africa’s economic growth by 2% per annum

Economic governance
Wednesday, 10 April 2019 16:06
Digital transformation could increase Africa’s economic growth by 2% per annum

(Togo First) - “Digital transformation has the potential of unlocking new pathways for inclusive growth and creating jobs in Africa…Yet, access to the internet remains unattainable for most people in the region, which requires investment to be made in infrastructure and youth education,” the World Bank said in the latest edition of its Africa’s Pulse report.

“The digital transformation can increase growth by nearly two percentage points per year and reduce poverty by nearly one percentage point per year in sub-Saharan Africa alone,” the report adds.

To achieve this, investment must be made in skills and the development of digital platforms which will enable countries to better manage public finances and citizens to better interact with their administrations.

Togo also is at the heart of the digital transformation as reflected by the arrival of firms such as Kobo360, Gozem or Carasigbe which are present in the country.

Octave A. Bruce

togofirst mobile

 
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