AFRICA ( Commonwealth Union) _ Africa is battling to lower the cost of internet access. The road to a solid digital transformation is still long despite the field’s advancements.
Digitization will give African economies a crucial path to advance not only in financial development but also in other economic sectors in 2018 and beyond. On the digital platform, there are countless options, and fintech is constantly trying to create and launch new products. Only the economies that embrace digitization, invest in the necessary infrastructure, and implement proportionate regulatory technology can profit from these shifts, though.
African economies are being transformed by digitization in four key areas: retail payment systems, financial inclusion, sustainable business models, and revenue management. The experiences of ccc which are discussed in this essay, provide insight into the potential of digitization in Africa in 2018 and beyond because Kenya has distinguished itself in its success in pursuing and employing digitalization.
The Internet is essential for the digital transition
The World Bank estimates that it will cost $100 billion and an extra half million kilometers of fiber by 2030 to ensure that all of Africa has a high-speed Internet connection.
What steps can Africa take to complete its digital transformation and increase internet access at reduced costs?
The disparity in startup funding in Africa
According to the publication Les Inspirations Eco, there are disparities in the financing of businesses. This can be attributed to a number of things, such as challenges in connecting with mentor networks that might speed up fundraising or a lack of faith in female-led firms.
Burundi: Increasing cattle output with hydroponic feed
Burundi’s economy is centered on agriculture and cattle. Cedric Niyongabo and many other working people are employed in these industries. He made the decision to transform his farm by providing his animals with hydroponic feed.
