The Internet, a global system of mobile, telecommunication, and satellite communication technologies, have a huge impact on Africa, not only in terms of commerce but also in terms of enhancing community, education, and personal health.
The Black continent
is positioned to emerge as the future continent. African nations must, however,
go through a digital transformation to accomplish this goal, since economic
digitization is essential to their growth and competitiveness.
The continent is
becoming a more significant region in the current geopolitical structure of the
world because of its geographic location, abundant natural resources, human
capital, and promising market potential.
The days of global
businesses encountering obstacles due to a lack of modern technology are long
gone. The African continent's economic and demographic advancements are
contributing to its growing significance in the framework of international
relations due to the facilitation of modern technology.
It is undeniable that Africa is gradually benefiting from the new demonstration of modern technology and interacting with the developed world, as the process of digitalization has impacted all African nations, regardless of their economic development levels.
Most importantly, it is opening the door for many people to pursue education as highly skilled ICT professionals while also lowering the amount of labor required to accomplish the same amount of work.
Experts estimate that by 2025, Africa's Internet economy
will generate roughly $180 billion, or 5.2% of GDP. FinTech, AgroTech,
e-commerce, InsureTech, HealthTech, and CleanTech will be the most sought-after
sectors. Africa's iGDP1, which measures the Internet's contribution to GDP
overall, is still only 1.1%, according to McKinsey estimates, compared to other
growing economies; this is 50% less.
Africa is thought to have the world's youngest population. The United Nations estimates that its youth make up about 70% of the continent's total population.
A crucial technology for the present and the future is digital connectivity for e-commerce, communication, education, and innovation, especially given the youthful population and the widespread use of the internet.
Africa does, however, confront difficulties like a debt problem and a lack of foreign direct investment.