Kenya and five other countries in Africa have been named leaders in expansion of Africa’s share in the global digital economy in a new research. The research which was conducted by Mastercard Center for Inclusive Growth in collaboration with The Fletcher School at Tufts University in the US, says the six countries are harnessing “the true potential of technology to drive inclusive growth, in a period of changing global market demands.”
The six countries were examined against three primary variables — ease of creating digital jobs, resilience of governance and infrastructure and foundational digital potential.
“The ultimate aim of the research was to help countries across Africa optimise their burgeoning digital evolutions, in order to accelerate economic development. These six countries were selected based on their size, economic growth, the median age of residents, quality of governance and digital momentum,” states the report.
Kenya which has been at the forefront of the African digital revolution for the past 10 years and currently has over 80 percent internet penetration made it to the list (Kenya, Egypt, Ethiopia, Nigeria, Rwanda, and South Africa) after the report acknowledged the country has been looking into leveraging various segments of digital economy such as taxi hailing services, e-commerce and blockchain to create job opportunities and spur growth.
The report titled Getting Lions to Leapfrog: Can Digital Technologies Deliver on Africa’s Delayed Promise of Inclusive Growth? used Kenya, Egypt, Ethiopia, Nigeria, Rwanda, and South Africa as case studies to provide insights on key drivers that could accelerate digital inclusion across Africa.
According to another study by the United Nations Conference on Trade and Development (UNCTAD), four countries, among them Kenya, control 60 pc of Africa’s digital economy. Kenya, Egypt, Nigeria and South Africa are leveraging data and various platforms to collectively control the lion’s share of the continent’s digital entrepreneurship activities.
The UN agency, however, warned that the growing digital wave on the continent risked being extremely affected if Kenya moves forward with its plan to start taxing mobile applications and internet usage in an effort to grow tax revenues. The plan could also hurt the growth of online businesses as well as suppress start-ups.
“While this kind of taxation may be attractive to governments, it can be counterproductive if it results in a decline in economic activity by reducing the number of active internet users,” states the report.
The report titled Value Creation and Capture: Implications for Developing Countries, warned of numerous implications should these developed countries implement interim and permanent measures to tax the digital economy.
Kenya Insights allows guest blogging, if you want to be published on Kenya’s most authoritative and accurate blog, have an expose, news, story angles, human interest stories, drop us an email on email@example.com or via Telegram
Trump Ban Amos Wako And Family From Visiting The US Over Corruption Links
EACC To Pay Pattni Sh20.5M Plus Interest
It Emerges Chris Msando Had A Son With A UK Woman
Major Mugure Lured His Wife And Kids To Deathtrap In Pretense Of Celebrating Daughter’s Birthday
Israeli-Owned Road Construction Firm SBI Holdings On KRA Radar Over Sh1 Billion Tax Evasion
Edwin Sifuna: ODM To Give Cleophas Malala A Direct Ticket If Musalia Ejects Him
Simba Corp To Lay Off 5 Percent Of Staff
Babu Owino Talks About An Assassination Attempt On Him
Uhuru’s Niece Run KICC Now Risks Auction Over Sh400M Debt
Sarah Wairimu Wants Call Records Of Uhuru’s Relatives And DCI Kinoti Revealed In Cohen’s Case
Tanzania’s President Pombe Magufuli Resurface To Dispel Health Rumors
DP Ruto’s Aligned KPA MD Daniel Manduku Is Under Siege
Activist Boniface Mwangi Messages Uhuru On His Birthday
Ex-Othaya MP Mary Wambui Secretely Moves To Retired President Kibaki’s State Home
Incoming Safaricom CEO Peter Ndegwa Has An Impressive CV
Desperation: Cornered Government Now Engages High Propaganda Machinery To Discredit SGR Protests
Sportpesa Could Be Coming Back To Business
Audio Update: Safaricom To Recover All Data Acquired In The Heist
Safaricom Introduces A Data Plan With No Expiry Date After Lawsuit
Wendy Waeni’s Former Manager Now Wants To Sue Jeff Koinange
Opinion2 weeks ago
David Ndii: Stawi Banking, Another One From The Kenyatta’s On State Capture
News1 week ago
Disappointed DP Ruto Locks Out Mariga Team From His Karen Home
Sci & Tech2 weeks ago
If You’re Using An Android Phone, Delete These Dangerous Apps
Sci & Tech2 weeks ago
How To Stop People From Adding You To Annoying WhatsApp Groups
News1 week ago
KEBS Bans Dola, Kifaru, Jembe Ugali And Others Over High Aflatoxin
Investigations1 week ago
Corruption And Ethnic Imbalance At University of Kabianga
Politics2 weeks ago
Ruto’s Cash Crunch And Political Nightmare
News2 weeks ago
KRA Now After Betika Over Sh1.75 Billion