Several African countries have taken on extra debt last year to improve their digital migration readiness. Investing in the right sectors is now the next important step to hit the target. To help the countries better identify the priority sectors and make the best choices in terms of investments, Sundar Pichai (pictured), Head of the US tech giant Google, suggests four steps to follow.
In an op-ed published yesterday February 7, he reported that Africa, like India a few years ago, has the potential to boost its development by investing smartly in ICTs. He says the continent is already on the right path as it enjoys a large, full-of-energy, and ICT-savvy youth.
The very first step, according to him, is to expand affordable and reliable connectivity across the continent. He believes that many Africans will be left out if they do not have access to connectivity. “We have seen during the pandemic that digital connectivity is a lifeline, helping people find essential information and connect to critical services,” he said.
He secondly suggests that governments and relevant authorities support businesses of all sizes in their digital migration processes so that the digital divide is closed. “Closing that gap means enabling businesses to move online, training more people to pursue careers that depend on technology, and ensuring that companies take advantage of cloud computing,” Sundar Pichai added, stressing that “companies should invest in products and solutions that are fit for Africa, and African governments need to adapt regulatory environments and their own development strategies to be digital-first. Small businesses need to be at the center of digitization and training efforts, as they employ around two-thirds of the continent’s formal workforce.”
A third step will be to invest in African entrepreneurs to stimulate innovation and growth. He finally called on African governments to support nonprofits and institutions striving to address communities’ challenges through technologies.
In 2021, Google made a $1 billion investment in Africa to back the continent's digital transformation. This comes in addition to several other investments made on the continent over the past four years by the company.
In its joint report with the International Finance Corporation (IFC), "e-Conomy Africa 2020 - Africa's $180 Billion Internet Economy Future," Google points out that Africa's Internet economy has the potential to grow to $180 billion, or about 5.2% of the continent's GDP, by 2025 with an economic potential of $712 billion by 2050.
Muriel Edjo
