On November 21, 2013 at 4:17:53 PM, Grace Githaiga (ggithaiga@hotmail.com) wrote:
From: emuchiri@andestbites.com
Date: Thu, 21 Nov 2013 15:29:02 +0300
Subject: [kictanet] Senegal and Kenya lead in internet contribution to GDP in Africa.
CC: kictanet@lists.kictanet.or.ke
To: ggithaiga@hotmail.com
In today’s news,
>Senegal and Kenya lead in internet contribution to GDP in Africa.
A report by McKinsey & Company has highlighted Senegal and Kenya as having the highest iGDPs (which measures the Internet’s contribution to overall GDP) in Africa. While the two were not the continent’s largest economies, the achievement was reached through governments in both countries having made concerted efforts to stimulate Internet demand. Africa’s iGDP remains low, at 1.1%-just over half the levels seen in other emerging economies and less than a third for developed countries. Senegal has a contribution of 3.3%, Kenya 2.9%, Morocco 2.3%, Mozambique 1.6% and South Africa 1.4%. Senegal ranks higher than Germany, India and France while Kenya ranks higher than Canada and China. The average for emerging markets is 1.9% while that of developed economies is 3.7%.
The report expects internet’s greatest impact in Africa to be concentrated in six sectors: financial services, education, health, retail, agriculture, and government. It suggests that technology-related productivity gains in these sectors could reach USD 148-318bn by 2025, with large populations standing to benefit as a result.
(McKinsey & Company, Standard Investment Bank)
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Esther W. Muchiri, Executive Director
Tel: +254-20-2394420 :: +254-724-164346
Email: emuchiri@andestbites.com URL: www.andestbites.com
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Courage and initiative come when you understand your purpose in life.
John C. Maxwell (Running with the Giants)
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The Kenya ICT Action Network (KICTANet) is a multi-stakeholder platform for people and institutions interested and involved in ICT policy and regulation. The network aims to act as a catalyst for reform in the ICT sector in support of the national aim of ICT enabled growth and development.
KICTANetiquette : Adhere to the same standards of acceptable behaviors online that you follow in real life: respect people's times and bandwidth, share knowledge, don't flame or abuse or personalize, respect privacy, do not spam, do not market your wares or qualifications.