Gsma Addressing Connectivity Barriers Could Unlock 170 Billion Gdp For Sub Saharan Africa

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GSMA: Addressing connectivity barriers could unlock $170 billion GDP for Sub-Saharan Africa
GSMA: Addressing connectivity barriers could unlock $170 billion GDP for Sub-Saharan Africa from

GSMA: Addressing connectivity barriers could unlock $170 billion GDP for Sub-Saharan Africa

Introduction

Sub-Saharan Africa is home to the world's youngest and fastest-growing population. However, the region also faces significant challenges in terms of connectivity. According to the GSMA, 60% of the population still does not have access to the internet. This lack of connectivity is a major barrier to economic growth and development.

The economic benefits of connectivity

There is a growing body of evidence that shows that connectivity has a positive impact on economic growth. A study by the World Bank found that a 10% increase in broadband penetration can lead to a 1.38% increase in GDP per capita.

Connectivity can also lead to increased productivity, innovation, and job creation. For example, a study by the International Telecommunication Union found that businesses that use broadband internet are more likely to innovate and create new products and services.

The challenges to connectivity in Sub-Saharan Africa

There are a number of factors that contribute to the lack of connectivity in Sub-Saharan Africa. These include:

The GSMA's recommendations

The GSMA has developed a number of recommendations to address the challenges to connectivity in Sub-Saharan Africa. These include:

Conclusion

The GSMA's study shows that addressing connectivity barriers could unlock $170 billion GDP for Sub-Saharan Africa. This is a significant opportunity for economic growth and development. The GSMA's recommendations provide a roadmap for how to achieve this goal.