Digital marketplace to drive next growth frontier for global economy

Investments in digital infrastructure in Africa hold enormous potential to unlock the continent's Information and Communication Technology (ICT) sector, aiming to tackle poverty and boost connectivity. In a recent interview with Samatar Abdi Osman, CEO and Founder of CTID Djibouti, it was highlighted how crucial it is for Africa to embrace digital transformation to overcome the missed opportunities of past revolutions, such as the agricultural and industrial revolutions. As Osman emphasized, the key to unlocking Africa's potential lies in investing in its people, particularly the youth. Through programs like Code for Youth, young individuals are empowered and equipped with digital skills to thrive in the evolving digital ecosystem. Osman stressed the importance of Africa owning its data and ensuring that it is processed and utilized within the continent, creating job opportunities for the youth with the required skills. By fostering smart citizens through education reform and innovative digital programs, Africa can pave the way for a prosperous future. Djibouti and Rwanda, despite their limited resources, present a significant opportunity for digital marketplace growth due to their youthful populations eager to contribute to economic development. The focus on delivering short-term, targeted programs to address local challenges is key to empowering the youth to become problem-solvers and drive innovation. The interview also shed light on the vital role of governments in supporting the private sector, particularly in the ICT space. By allocating resources and establishing dedicated ministries for digital affairs, like Djibouti did in 2021, governments can catalyze economic growth, create employment opportunities, and ultimately work towards eradicating poverty. Collaboration among governments, the private sector, academia, and civil society is crucial to harnessing the full potential of digital transformation in Africa and ensuring sustainable prosperity on a local and continental level.