How technology is driving growth and development in Africa

Africa is one of the continents expected to see a major economic boom due to technology. This projection is because the continent has more young people who are now connected to the internet. Before the internet era, Africans did everything using crude methods that weren’t that efficient.

However, the internet has helped Africa experience growth in education, agriculture, real estate and human empowerment. For example, young graduates in Africa don’t have to wait for an office job as they can now apply for remote jobs and work for any company outside Africa. In this article, we will be explaining how technology has helped drive Afrcian’s growth.

Financial Technology Companies on the Rise
In the past, people had to rely on banks to save, send and withdraw their funds. Although they still do, they don’t have to be physically present there. People can now perform different transactions in the comfort of their homes. Recently Africa has seen many Fintech companies change the way money is managed.

The growth of these companies has been fast and consistent over the years. Also, the impact they have made on the financial sector of Africa is worthy of note. Some of these Fintech companies include Loco, Paystack. Kuda Bank, Flutterwave, Piggybank and Abeg. One major news that shook the African tech space was when Stripe acquired Paystack in 2020. The acquisition was a significant break in the fintech sector that many saw as a win for Nigeria and Africa.

Mobile Technology
Mobile communication has also helped the growth of Africa. Before the era of mobile, people used the post office to communicate. They had to wait for days before getting feedback. The processing time was long and could take between days or weeks before you could get a response. Now, you can connect with anyone around the world using your mobile phone.

There are several messaging apps that allow you to connect with people within and outside Africa. Mobile communication has helped companies and individuals build collaboration with international organisations. Besides collaboration with companies, players that love casino games can enjoy casino online by way of their mobile devices

Africans Can Now Get Remote Jobs Online
The unemployment rate in many African countries is high compared to other developed countries. Most graduates had to work for companies that underpay and overuse them. However, the internet changed the game for graduates as they can now earn legitimately online using their skills. Some of these skills are web development, marketing and sales, graphics design, content writing and mobile development. All you need to do is offer value to the client and get paid in foreign currency, which was not possible before the internet era.

People can now perform different transactions in the comfort of their homes and trade bitcoin with platforms like Bitcoin Evolution.

Conclusion
Overall, we have been able to explain how technology has played a significant role in the growth and development of Africa. The economy of many African countries has experienced a massive shift since the advent of the internet. Some of these countries include Nigeria, South Africa, Togo and Kenya. We have also covered how technology has helped the financial sector and also created opportunities for Africans.