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Happening Africa looks forward to digital transformation

To support Africa's digital transformation, the World Group will invest $25 billion between now and 2030 and aims to mobilize $25 billion more from the private sector, says Kristalina Georgieva, Interim President of the World Bank Group. Njuguna Ndung’u, Former Governor, Central Bank of Kenya notes in one of his publications that, in 2018 and beyond, digitization will provide an important avenue for African economies to leapfrog not only financial development but also development across other sectors of the economy. There are infinite opportunities on the digital platform, and fintechs are working round-the-clock to develop and introduce new products here. However, these changes will benefit only those economies that embrace digitization, invest in the required infrastructure, and introduce commensurate regulatory technology. 

As per Njuguna digitization is transforming African economies in four major ways: retail payments systems, financial inclusion, sustainable business models, and revenue administration.

The continent is still facing challenges to provide the basics to its citizens. Agenda of development in Africa revolves around few simple perquisites such as the provision of electricity to all, developing efficient transport networks, modernization of agriculture practices, educating its people and enhancing manpower capabilities, provision of better water sanitation and health facilities etc.

Africa is happening, just here and just now! This live discourse brings stories, researches and opinions revealing Africa.


J.P. Singh
Updated: 24-04-2019 00:37 IST
Happening Africa looks forward to digital transformation

Educating the future of Africa Image Credit: Flickr

Key Updates


24-04-2019 12:37:03 AM

Kenya’s President Kenyatta in China to seek Sh368bn loan for C project

Kenya’s President Kenyatta in China to seek Sh368bn loan for C project

The bilateral cooperation between China and Kenya has grown stronger in the recent past. Kenya's President, Uhuru Kenyatta is about to set his foot in China to secure a gigantic Sh368 billion loan for the extension of the Standard Gauge Railway. Read more...

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23-04-2019 08:58:59 PM

New strategies adopted by Kenya to improve green biz, country’s import-export gap widened

New strategies adopted by Kenya to improve green biz, country’s import-export gap widened

Kenya has recorded a substantial dwindle in staple food production for multiple causes such as climate change and pesticides. The East African country is currently banking on inter-regional agro-based trade to address the outstanding 600,000 metric tons of rice, 2 million metric tons of wheat and around 500,000 metric ton of maize deficit. Read more...

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23-04-2019 08:10:29 PM

DR Congo requires immediate collaboration with East African Countries to fight malaria

DR Congo requires immediate collaboration with East African Countries to fight malaria

There is a need to partner with the Democratic Republic of Congo and all East African Countries require to establish cross-border measures in fighting malaria.

The World Health Organization Malaria Report released in 2018 stated that DR Congo is among five countries that account for nearly half of the cases. Some 15 countries in sub-Saharan Africa and India carry almost 80 per cent of the global malaria burden. Read more...

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23-04-2019 06:24:44 PM

African Union launches new initiative to build opportunities for development of African youth

African Union launches new initiative to build opportunities for development of African youth

The African Union has launched a new initiative, One Million By 2021 Initiative, with a target to create direct opportunities for the development of youth in Africa so as to drive the full realization of Africa's Agenda 2063. Read more...

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23-04-2019 03:55:37 PM

Economist pitches Belt and Road Initiative to stimulate Africa’s growth

Economist pitches Belt and Road Initiative to stimulate Africa’s growth

The much-debated Belt and Road Initiative is surely going to stimulate Africa's growth, hence the governments of all the African countries should take bolder steps to better align themselves with the opportunities it presents, a Nairobi-based economist opined. Read more...

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23-04-2019 12:13:41 AM

Rwanda organizes Ram Katha event, Paul Kagame welcomes participants

Rwanda organizes Ram Katha event, Paul Kagame welcomes participants

President of Rwanda, Paul Kagame made a grant welcome to the participants at the nine-day Ram Katha spiritual event that recently commenced at Kigali Convention Centre. Hundreds of Rwandans and Indians living in Rwanda and other countries joined renowned spiritual leader Morari Bapu for his teachings. Read more...

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22-04-2019 08:01:50 PM

Kabelo Ebineng pitches Botswana can enhance cooperation with China by participating in BRFIC

Kabelo Ebineng pitches Botswana can enhance cooperation with China by participating in BRFIC

Botswana will have an opportunity to boost trust and cooperation with China by attending the 2019 Belt and Road Forum for International Cooperation (BRFIC), according to a Botswanan senior official. Read more...

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22-04-2019 06:51:04 PM

Rwanda signs multiple bilateral agreements with Qatar in various sectors

Rwanda signs multiple bilateral agreements with Qatar in various sectors

Rwanda and Qatar signed four cooperation agreements on April 21. President of Rwanda, Paul Kagame welcomed the current the Emir of Qatar, Sheikh Tamim Bin Hamad Al Thani on his three-day state visit to the East African country. Read more...

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22-04-2019 06:06:50 PM

UNEP says Green Belt and Road projects possible by associations between multilateral institutions

UNEP says Green Belt and Road projects possible by associations between multilateral institutions

A senior United Nations Environment Programme official opined that strategic conglomerations with multilateral institutions are vital to make sure that the implementation of Belt and Road projects is ecologically sound. Read more...

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22-04-2019 05:11:13 PM

UN to support Angola in fighting against corruption, all social evils

UN to support Angola in fighting against corruption, all social evils

The United Nations has pledged to continue to support Angola in the fight against corruption and all the social evils that hamper the people's wellbeing. The pledge came from its representative in the country, Paolo Balladelli, who would not specify how such a support will be provided. Read more...

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