Posts

Showing posts from May, 2023

Here is why Africa must play in the Technology Revolution

Image
The continent of Africa has an infrastructure gap, as estimated by the African Development bank , in finance terms to be in the tune of $100bn a year. With a Low tax base, in most cases unable to support each Country's annual budgets, it therefore means Africa must rely on development partners to fill this Financing Gap every year as a short to mid term Solution. To increase the tax base, Africa must strive to have a fully digital society in all spheres of life. However, this is where i pose a Question... Is Africa thinking strategically to address this challenge? There may be many answers, but with the African Continental Free Trade Area(AfCFTA) Initiative , Africa has one avenue to address this challenge. Another is by fully embracing next Generation technology, leveraging its Geographical location, a young and growing tech savvy population to deliver social economic transformation for its people.  It is estimated that Africa will have a market size of about 2.5Billion people by