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Ericsson Uganda

Is Technology Africa’s Biggest Undiscovered Gold Mine?

Technology has the potential to fundamentally transform societies. Information and Communications Technology (ICT) and broadband are becoming central to the societal developments around the world – enabling rapid improvements to industrial production and societal services, positively influencing the way we live and interact with our environment. Africa is home to over a billion people and the population is expected to grow in the coming years. It is projected to grow from 17% in 2020 to 26% in 2050 and 39% by 2100 of the global population while the share of Asia will fall from 59% in 2020 to 55% in 2050 and 43% in 2100. It is also a continent with the most growing economies and many from a low base; 9 of the 20 fastest growing in 2020 according to the IMF with rates above 6% of GDP (not ad...