Africa's Digital Economy to Rise to $712bn By 2050

Mar 16, 2023 · 1m 6s
Africa's Digital Economy to Rise to $712bn By 2050
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The president of the African Development Bank Group, Dr Akinwumi A. Adesina, says the size of Africa's digital economy will rise from $115 billion to $712 billion by 2050. Adesina...

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The president of the African Development Bank Group, Dr Akinwumi A. Adesina, says the size of Africa's digital economy will rise from $115 billion to $712 billion by 2050.
Adesina says it was estimated that the size of digital global wealth would expand from $217 billion in 2022 to over $1 trillion by 2031 with most of this growth already being driven by four countries -Nigeria, South Africa, Kenya and Egypt.
He says the creative industry in Nigeria is growing rapidly, in line with similar trend in Africa.
The creative industry in Africa generated over $14 billion in revenue annually between 2015 and 2018 and is projected to help create close to three million jobs by 2025.
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Author Africa Business Radio
Organization Africa Business Radio
Website -
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