Tag: McKinsey report

The biggest game changer in African development is the internet

The biggest game changer in African development is the internet

Uncategorized
Information and communication technology is driving the new “knowledge-based” economy in the developed and developing world. However, internet access remains comparatively low in Africa, with internet penetration at 20% for the continent. There’s free Facebook, mobile banking, and the promise of cashless societies and digitised land records. And from Accra in the west to Kigali in the east, a spray of “tech hubs” talk about “leapfrogging” technology and incubating start-ups. Such are the giddy promises of Africa’s “fourth industrial revolution” – a giant step forward into the digital world which the Guardian is reporting on for the next two weeks. Some are salivating that it will amount to the renaissance of a marginalised continent, while others soberly warn of the hype. By 2