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Africa's internet economy could be worth USD 180 billion by 2025, over 5% of GDP

Friday 13 November 2020 | 14:24 CET | News
A new report released by Google and the International Finance Corporation (IFC), estimates that Africa's internet economy has the potential to reach 5.2 percent of the continent's gross domestic product (GDP) by 2025, contributing nearly USD 180 billion to its economy. The report, e-Conomy Africa 2020, projects that the potential contribution could reach USD 712 billion by 2050. Driving this growth is a combination of increased access to faster and better quality internet connectivity, a rapidly expanding urban population, a growing tech talent pool, a vibrant start-up ecosystem, and Africa's

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Categories: Internet
Companies: Google
Countries: Africa
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