Internet could add $ 300 b to African economies by 2025 – study

Monday, 25 November 2013 00:00 - - {{hitsCtrl.values.hits}}

Reuters: Africans spending time on the Internet could add $ 300 billion to the continent’s economy by 2025, a new study by consulting firm McKinsey & Co showed on Wednesday. Only 16% of the one billion people in Africa are on the Internet, McKinsey estimates. The sector could grow to at least 5 to 6% of GDP (gross domestic product) but if it follows the take-up rate set by mobile telephony in Africa, McKinsey reckons it could add 10%, or $ 300 billion, to African GDP by 2025. The economies of Senegal and Kenya draw the most from the Web at 3.3 and 2.9% respectively, levels comparable to France and Germany. But South Africa and Morocco could emerge as the digital leaders, McKinsey said.

Discover Kapruka, the leading online shopping platform in Sri Lanka, where you can conveniently send Gifts and Flowers to your loved ones for any event including Valentine ’s Day. Explore a wide range of popular Shopping Categories on Kapruka, including Toys, Groceries, Electronics, Birthday Cakes, Fruits, Chocolates, Flower Bouquets, Clothing, Watches, Lingerie, Gift Sets and Jewellery. Also if you’re interested in selling with Kapruka, Partner Central by Kapruka is the best solution to start with. Moreover, through Kapruka Global Shop, you can also enjoy the convenience of purchasing products from renowned platforms like Amazon and eBay and have them delivered to Sri Lanka.