Africa’s digital economy is projected to reach $180 billion by 2025, and $712 billion by 2050.
This growth is fueled by a vibrant innovation ecosystem in industries like mobile financial services, telemedicine, and e-commerce.
This is according to a report published by Global Africa Business Initiative.
GABI noted that the demand for digital skills training in Africa is also expected to surge in the coming decade as jobs that previously did not require digital skills will begin to do so.
It’s estimated that some 230 million jobs across Africa will require some level of digital skills by 2030.
This translates to a potential for 650 million training opportunities.
According to GABI, digital skills in Africa need to be developed to promote economic growth and development.
Additionally, a conducive environment needs to be established where these skills can thrive.
This involves implementing comprehensive strategies that include infrastructure, policy support, and ecosystem development.
GABI is a solution-oriented global platform connecting leaders from all over the world to drive and invest in the unstoppable opportunity of Africa’s economic growth.
The report, titled ‘GABI Conversations’, captures the essence of the UN Global Compact roundtable discussions held on the sidelines of the 2024 Africa CEO Forum in Kigali, Rwanda.
Under the theme of ‘Digital Transformation’, this exclusive gathering in May 2024 brought together prominent African CEOs, representatives from global and African businesses, government officials, and key stakeholders in the digital sector to engage in targeted, solution-oriented conversations aimed at driving investment and growth on the African continent.
“Digital transformation is not just a pathway to economic growth but a vital component for sustainable development in Africa. By investing in infrastructure, fostering policy support, and empowering our entrepreneurs and workforce, we can create an environment where digital skills thrive.
“The GABI Conversations have highlighted the immense potential of digital technologies and AI for Africa, and we must continue to drive these efforts forward collaboratively. Together, we can ensure that Africa not only participates in the digital economy but leads it,” said Sanda Ojiambo, Assistant Secretary-General and CEO of the United Nations Global Compact.
