The growth of Africa’s digital economy has resulted in many positive changes. In addition to the impact already felt by the changing way in how our world works, the World Economic Forum estimates that the digital economy could contribute nearly US $180 billion to the region’s growth by 2025.
According to the World Bank, the digitalisation of financial services and money is helping bridge gaps in access to financial services for households and firms, promoting economic development – ultimately reshaping how we receive and send money.
And although in Africa cash reigns supreme, an influx of new investment and regulatory shifts continue to see e-payments gaining momentum.
As Africa Day approaches on May 25th, the theme this year shines a spotlight on Science, Technology and Innovation (STI) as catalysts for progress. The STI in Africa Day held earlier this month saw delegates from African countries, UN agencies, industry, and civil society convening to discuss the…
