Despite widespread access to basic digital tools such as mobile phones and the internet, only 24% of African firms utilize these tools to their fullest potential. IFC's new report highlights that 86% of African firms have access to digital tools, but the high cost of technology—up to 35% more than in other regions—limits their adoption. IFC’s Managing Director notes Africa holds promising market potential for investors looking to leverage the region’s booming digital ecosystem. Increased competition could help reduce prices and boost access. The link between digitalization and productivity is evident, as businesses that adopt technology can become more competitive and efficient, contributing to broader economic growth and better jobs for Africans.
Firms in Africa pay up to 35% more for technology than other regions. This limits adoption of digital solutions for businesses. More competition could help drop prices and boost access, according to IFC’s new research. 📚 https://t.co/VNRNUILP4K #DigitalAfrica https://t.co/LOCWi0qVj1
The link between digitalization and productivity: Businesses that adopt technology can be more competitive and efficient, potentially contributing to broader economic growth and better jobs for Africans. 🔗Find out more in IFC's new book: https://t.co/VNRNUILP4K #DigitalAfrica https://t.co/FWKI75NUoX
📊86% of African firms have access to digital tools, but only 24% leverage technologies to their fullest potential for business purposes. 👨🏿💻👩🏾💻What is stopping them? Check out @IFC_org's recent study: https://t.co/9n28xl26SL #DigitalAfrica
For IFC’s Managing Director @Diop_IFC, Africa holds promising market potential for investors looking to leverage the region’s booming digital ecosystem. 📚More on IFC’s #DigitalAfrica book: https://t.co/dQ6OTCXvkR https://t.co/AuXYCZIfCU
The digital landscape in Africa presents a paradox. Despite widespread access to basic digital tools such as mobile phones and the internet, only 24% of these African firms utilize these impactful digital tools. Learn more in @IFC_org’s new report: https://t.co/gJVFtaH8RZ https://t.co/DBma6foLIY
#Malawi is embracing a digital future. With enhanced connectivity, affordable devices & digital skills training, Malawian entrepreneurs are unlocking innovation & growth. IFC is committed to supporting this digital transformation journey. https://t.co/vobL049NZ7 #DigitalAfrica https://t.co/5oIo33DmAK