The Digital Intelligence Index has ranked Kenya, Rwanda, and Tanzania, in that order, as “Break Out”economics driving digital growth on the continent.
Activities that foster internet penetration, increased infrastructure development have placed them premium destinations for investors.
Across the continent, there has been a vast adoption of mobile payment methods resulting in increased payments, micro-lending and saving, and close to 20 million virtual saving accounts.
South Africa holds the position as the most developed digital economy while Nigeria shows huge potential. Altogether the prospects for digital inclusion seem to be on the rise through mobile payments.
South Africa, Nigeria, Ethiopia, Namibia, and Uganda have been described as “Watch Out” economies due to the infrastructure gaps in the system despite a healthy appetite for a digital-savvy future.
