The growth of digitalization and digital technology adoption in Africa holds the key to strengthening and diversifying economies across the continent. Although these developments offer potentially life-changing benefits for consumers, businesses and governments, the inherent flaws in the digital market mean these benefits are not guaranteed. As most gains from the digital economy are largely concentrated in the United States and China, the digital divide may widen the gap between the Global North and the Global South.
July 13, 2020
Assessing Digitalization and Data Governance Issues in Africa
Related
Nigeria Economic Update (Issue 16)
Recently
released World Economic Outlook by the International Monetary Fund (IMF)
projects economic activities to increase significantly in developing countries-
especially Nigeria. Annual real output is expected to grow by 0.8 percent in
2017 from the contraction of 1.5 percent in 20161. Improvement in
economic activities is hinged on prospective favorable effects of continued
increase in commodity export price (Crude oil is expected to increase to $55
per barrel in 2017 compared to $46 in 2016).