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Tuning into Africa’s digital transformation

February 26, 2022

Why the continent’s digital prospects look bright (and are getting brighter)

On the brink of a tech explosion

$180B

to the African economy by 20254

$712B

to the African economy by 20504

If Africa sustains and accelerates structural reforms, the continent has the potential to emulate China’s rapid economic rise over the past 50 years5.

— World Economic Forum

The Africa tech ecosystem is strong and rapidly getting stronger

Local digital transformation surges

22%

of sub-Saharan businesses said that they’d either started to use or increased their use of digital tech during 202015.

Startups take flight

Nigeria has become a beacon of start-up success, especially for fintech, capturing 37% of all VC funding in Africa in the first eight months of 2021 alone20.

Getting going

Sources

About the Authors

Kevan Yalowitz

Managing Director – Software & Platforms, Global Lead


Seth Schuler

Managing Director – Software & Platforms Strategy


Caroline Olivero

Consultant – Accenture Strategy, Software & Platforms


Shiven Gupta

Consultant – Software & Platforms Strategy


Adam Norgaard

Senior Analyst – Software & Platforms Strategy


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