Digitalizing Sub-Saharan Africa

<p>While connectivity in sub-Saharan Africa lags behind other regions, digitalization is advancing fast and being embraced by those who do have access. Some countries are now global leaders in mobile money transactions—with a share of GDP average close to 25 percent, compared to just 5 percent in the rest of the world. In a region where infrastructure is often lacking, digital technologies offer ways to break down or leap over barriers. IMF economists Preya Sharma and Martha Tesfaye Woldemichael are co-authors of the latest analytical chapter for the <a href= "https://www.imf.org/en/Publications/REO/SSA/Issues/2020/04/01/sreo0420"> Economic Outlook for sub-Saharan Africa</a>, which studies the impact of digitalization. In this podcast, Sharma and Woldemichael say expanding internet access in sub-Saharan Africa by an extra 10 percent of the population could increase real per capita GDP growth by 1 to 4 percentage points.</p> <p><a href= "http://traffic.libsyn.com/imfpodcast/AFR-Digitalization-transcript-IMF_Podcast.pdf"> TRANSCRIPT</a></p>