Digitialisation in African countries could see $300 billion added to the continent’s economy by 2026, according to a report released by Siemens recently.
Focusing on South Africa, Nigeria, Kenya and Ethiopia, the report presents the results of a Digital Maturity Assessment of the 4 countries, using 4 different categories.
1. The first category is economic maturity, which is the assessment of the size, growth and sophistication of the economy.
2. The second category, environment, deals with which country has a business, legal and regulatory environment that supports and protects the development of the digital economy.
3. The fourth category, Infrastructure, is the extent to which the country has invested in the ICT infrastructure to support the digital economy.
4. The last category is digital literacy, which focuses on the human capital endowment of a country.
Sabine Dall’Omo, chief executive of Siemens Southern and Eastern Africa, said:
“A shift in traditional thinking is needed for Africa to compete in the digital age, collaboration between governments, implementation of policy and the creation an environment conducive for knowledge sharing. One need only look at the impact of cellphone technology and smart phones in Africa to see how innovation can leapfrog older technologies at an almost breathtaking speed.”
South Africa emerged as the country with the highest potential to realise digital maturity, followed by Kenya, Nigeria and Ethiopia.