[kictanet] Senegal and Kenya lead in internet contribution to GDP in Africa.

[Esther Muchiri]

In today’s news,

>Senegal and Kenya lead in internet contribution to GDP in Africa. 

A report by McKinsey & Company has highlighted Senegal and Kenya as having the highest iGDPs (which measures the Internet’s contribution to overall GDP) in Africa. While the two were not the continent’s largest economies, the achievement was reached through governments in both countries having made concerted efforts to stimulate Internet demand. Africa’s iGDP remains low, at 1.1%-just over half the levels seen in other emerging economies and less than a third for developed countries. Senegal has a contribution of 3.3%, Kenya 2.9%, Morocco 2.3%, Mozambique 1.6% and South Africa 1.4%. Senegal ranks higher than Germany, India and France while Kenya ranks higher than Canada and China. The average for emerging markets is 1.9% while that of developed economies is 3.7%. 

The report expects internet’s greatest impact in Africa to be concentrated in six sectors: financial services, education, health, retail, agriculture, and government. It suggests that technology-related productivity gains in these sectors could reach USD 148-318bn by 2025, with large populations standing to benefit as a result. 

(McKinsey & Company, Standard Investment Bank)

 

 

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Esther W. Muchiri, Executive Director

Tel: +254-20-2394420     ::   +254-724-164346

Email: emuchiri at andestbites.com      URL: www.andestbites.com

 

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