By Ann Brown
Technology in Africa: Africa is closely watched as the next big growth market – a description that has persisted for a while. There are many reasons for optimism: the African continent is home to some of the youngest populations in the world, it promises to be a major consumption market over the next three decades, and it is increasingly mobile phone-enabled. An emerging digital ecosystem is particularly crucial as a multiplier of that growth because access to smartphones and other devices enhances consumer information, networking, job-creating resources, and even financial inclusion.
Stor from The Harvard Business School. Story by Bhaskar Chakravorti and Ravi Shankar Chaturvedi.
Despite these reasons for optimism, the promise remains unfulfilled. Growth in Africa has stalled; both the IMF and the World Bank have cut their 2019 economic growth projections for sub-Saharan Africa (SSA) to 3.5% and 2.8%, respectively, with growth in 2018 at 2.3%. Poverty has Click here to read entire article