Connect with us
ANE Scholarship
Categories:
X

Technology

75% Internet penetration to generate 44 million jobs in Nigeria, others – Report

Published

on

Kindly share this post:

75% Internet penetration to generate 44 million jobs in Nigeria, others – Report

Forty-four million jobs could be created if Nigeria and other Africa nation’s Internet penetration reaches 75 per cent, according to a report by Endeavor Nigeria.

HEY! Download & Install The New ANE Android App To Your Device
Hello!! Have you heard about the deadly virus called Coronavirus? No? See What It Is & How To Prevent It Here. Also Stay Connected & Get Latest Updates On Coronavirus Here. Please be safe! We LOVE You.



The report stated that three million jobs in Nigeria and other African countries would be created by online marketplaces by 2025 and 1.7 million jobs were expected by the same year as a result of Google’s $1bn investment to support digital transformation through its subsea cables between Europe and Africa.

The report titled, ‘The Inflection Point: Africa’s digital economy is poised to take off,’ said Africa’s digital economy is approaching its S-curve, a period of rapid, significant growth and would positively impact the continent’s GDP, job creation, and overall economic outlook.

It said, “Africa’s digital opportunity is large and growing; the estimated size of the digital economy is $115bn and is expected to be $712bn by 2050.

ANE

ANE Scholarship

“This growth is driven by strong underlying fundamentals, accelerated by COVID-19. Investors are taking notice; between 2020 and 2021, funding for digital startups grew 2x faster than global rates, and investors are becoming increasingly active in Africa.

“Furthermore, we are seeing proven exit paths for early investors as illustrated by the increase in mega-rounds, liquidity events, and unicorns. However, there remains ‘white space’ for investors to consider. Due to the quantum of deals in the 1-5mn USD range in the last year, (600) relative to the 5-50mn USD range (~150), it is unlikely there will be sufficient supply in the market as companies from the 1-5mn USD range graduate to larger ticket sizes.

“Opportunities for digital disruption abound across Africa. A number of sectors are underpinned by informality and fragmentation, limiting the availability and affordability of products and services.”

According to it, investors who are keen on investing in Africa should consider the wealth of opportunities available and be prepared to adjust their business models to capture these opportunities.

Commenting on the report, Chief Executive Officer and Managing Director of Endeavor Nigeria, Tosin Faniro-Dada, said, “The data gathered in this report is clear — Africa is the next digital growth frontier.

“The combination of our young and digitally savvy population, an emerging technology ecosystem, and the impact of the COVID-19 pandemic on behaviours is set to trigger an inflection point in our digitisation journey.  We have been excited by the increased levels of funding that our entrepreneurs are attracting but we want to make it even easier for more investors to bring out their chequebooks to catalyse the growth that we believe is pending.”

Partner at McKinsey and Company, Topsy Kola-Oyeneyin, added, “We’ve seen a few eye-catching funding rounds and acquisitions in Africa’s technology ecosystem in recent years, but the findings of this report suggest that we barely scratched the surface.

“A number of sectors across the continent are still underpinned by informality and fragmentation, limiting the availability and affordability of products and services. These opportunities for disruption abound across the continent and this report will make it easier for interested investors to adjust their business models effectively to capitalise on these opportunities.”


Get More Stories Like This On: Facebook: @AllNaijaEntertainment, Twitter: @AllNaijaEntertainment

Click to comment
Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments

Don’t Miss!

Join "ANE sabi" clique

Don't miss a thing, get ogbonge ANE latest updates to fuel your conversation daily.




Latest Exchange Rate

Donate To ANE!


Mind buying a coffee to support us here at All Naija Entertainment?. Yes?

Donate Now
Bola Tinubu
News2 mins ago

2023: Some ‘Unknown Persons’ Stole My Academic Certificates – Tinubu Tells INEC

Jack-Rich Asks Buhari, Others to Prepare for Bleak Economy in 2023
News42 mins ago

Jack-Rich Asks Buhari, Others to Prepare for Bleak Economy in 2023

King Sunny Ade
Entertainment54 mins ago

Woman claims Sunny Ade is her father, details years-long paternity dispute

Tambuwal’s foreign scholarship for medical degrees produces 55 graduands
Education1 hour ago

Tambuwal’s foreign scholarship for medical degrees produces 55 graduands

Ejeviome Otobo, missing ex-Nigerian diplomat, found dead in US
News2 hours ago

Ejeviome Otobo, missing ex-Nigerian diplomat, found dead in US

Central chest pain shouldn’t be ignored, could be early sign of heart attack –Cardiologist
Technology2 hours ago

Central chest pain shouldn’t be ignored, could be early sign of heart attack –Cardiologist

Snoring shouldn’t be ignored, can trigger impotence in men – surgeon
Technology2 hours ago

Snoring shouldn’t be ignored, can trigger impotence in men – surgeon

Delta police arrest man for beheading son
News2 hours ago

Delta police arrest man for beheading son

How NASA might protect tomorrow's astronauts from deep space radiation
Technology3 hours ago

How NASA might protect tomorrow’s astronauts from deep space radiation

Ousmane Dembele
Sports4 hours ago

Ousmane Dembele disappointed by Chelsea offer as Raheem Sterling approach hampers deal

Manchester United respond to claims Cristiano Ronaldo could make Chelsea transfer
General4 hours ago

Manchester United respond to claims Cristiano Ronaldo could make Chelsea transfer

Actor Itele breaks silence as his secret affair with actress, Debankee is exposed (Details)
Entertainment4 hours ago

Actor Itele breaks silence as his secret affair with actress, Debankee is exposed (Details)

“He kept his father in an awkward position” Pete Edochie’s ‘sad’ look as he finally meets his grandson gets many talking
Entertainment5 hours ago

“He kept his father in an awkward position” Pete Edochie’s ‘sad’ look as he finally meets his grandson gets many talking

“Living my best life” Eniola Badmus peppers haters as she goes on vacation in style
Entertainment5 hours ago

Living my best life possible Eniola Badmus lashes out at detractors as she enjoys a luxurious vacation.

“You are such a humble superstar” Mo Bimpe eulogises husband, Lateef Adedimeji as he bags an award in Vienna, Austria
Entertainment5 hours ago

“You are such a humble superstar” Mo Bimpe eulogises husband, Lateef Adedimeji as he bags an award in Vienna, Austria

At 35 years old, actress Caroline Danjuma still shines (Photos)
Entertainment6 hours ago

At 35 years old, actress Caroline Danjuma still shines (Photos)

5 American celebrities who explained why they don't want children
Entertainment6 hours ago

5 American celebrities who explained why they don’t want children

Can you bring your own food and drink to Glastonbury 2022?
Entertainment6 hours ago

Can you bring your own food and drink to Glastonbury 2022?

Lily Allen ‘overwhelmed’ after performing with Olivia Rodrigo at Glastonbury after almost three years sobriety
Entertainment6 hours ago

Lily Allen ‘overwhelmed’ after performing with Olivia Rodrigo at Glastonbury after almost three years sobriety

Music9 hours ago

[Music] Ruger – Girlfriend

Music9 hours ago

[Music] DaBaby, Davido – SHOWING OFF HER BODY

Sports10 hours ago

Manchester City Agree £45m Deal For Leeds United Midfielder

Sports10 hours ago

Rivers United Have Officially Won The NPFL League For 2021/2022

Sports10 hours ago

Super Eagles Striker, Awoniyi Joins Nottingham Forest For Club Record Fee

Ekweremadu
News10 hours ago

UK’s Lincoln University Suspends Ekweremadu As Visiting Professor

Bola Tinubu
News10 hours ago

Running Mate: APC, Tinubu Limits Search To Borno, Kano, Kaduna

Mc Oluomo - Bola Tinubu
News10 hours ago

Certificate Or No Certificate, Tinubu Is Nigeria’s Next President – MC Oluomo

Bayo Onanuga
News10 hours ago

Those Questioning Tinubu’s Academic Qualification Are PDP Agents – Bayo Onanuga

News10 hours ago

Atiku, Ayu Criticised For Shunning Ekiti PDP Campaign

Olusegun Obasanjo
News10 hours ago

I Made A Mistake Picking My “Number Two” In The 1999 Election – Obasanjo

Buhari’s Democracy Day Season Letter: The Challenge of World War III Blitzkrieg in Nigeria
News10 hours ago

You Can Now Invest Seamlessly In Nigeria – Buhari To Nigerians Abroad

News10 hours ago

Traders Suffer Losses As Flood Washes Away Shops In Anambra Market

News10 hours ago

Your Incitement Cannot Save Oyetola – PDP Mocks Abdullahi Adamu

MY SISTER-IN-LAW AND I Story by HUSNA MUHAMMAD YUNUS _ AllNaijaEntertainment
ANE Stories1 day ago

[STORY] MY SISTER-IN-LAW AND I (Complete Episodes)

Ohanaeze Ndigbo
News1 day ago

SE Traitors In APC, PDP Will Retire From Politics Prematurely – Igbo Elders

Bola Tinubu
News1 day ago

2023: Tinubu Campaign DG Thanks Northern Governors, Says Asiwaju Is Next President

Atiku Abubakar
News1 day ago

Atiku Can Never Win 25% Votes In Rivers – APC

Ahmad Lawan
News1 day ago

Ahmed Lawan Stranded As INEC Certifies Bashir Machina Winner Of Yobe North

How to Restore an iCloud Backup on Your iPhone or iPad
Technology1 day ago

How to Restore an iCloud Backup on Your iPhone or iPad

Money Heist: Korea – Joint Economic Area
Movie Subtitles1 day ago

DOWNLOAD Complete Money Heist: Korea Season 1 (S01) – Joint Economic Area Subtitles File [English SRT] 2022 (Episode 1-6)

BETTY AND THE BEAST by MIRIAM EDEM _ AllNaijaEntertainment
ANE Stories6 days ago

[STORY] BETTY AND THE BEAST (Episode 13)

Done deal at Stamford Bridge after hours of negotiation for the transfer of a world-class player
Sports5 days ago

Done deal at Stamford Bridge after hours of negotiation for the transfer of a world-class player

BETTY AND THE BEAST by MIRIAM EDEM _ AllNaijaEntertainment
ANE Stories7 days ago

[STORY] BETTY AND THE BEAST (Episode 12)

All You Need to Know About Katrin Zytomierska Whom Her Instagram Post Of Gerard Pique With New Mystery Girl Goes Viral
Celebrities4 days ago

All You Need to Know About Katrin Zytomierska Whom Her Instagram Post Of Gerard Pique With New Mystery Girl Goes Viral

BETTY AND THE BEAST by MIRIAM EDEM _ AllNaijaEntertainment
ANE Stories7 days ago

[STORY] BETTY AND THE BEAST (Episode 11)

BETTY AND THE BEAST by MIRIAM EDEM _ AllNaijaEntertainment
ANE Stories5 days ago

[STORY] BETTY AND THE BEAST (Episode 15)

BETTY AND THE BEAST by MIRIAM EDEM _ AllNaijaEntertainment
ANE Stories4 days ago

[STORY] BETTY AND THE BEAST (Episode 16)

SADE's HEART TALE by Amah's Heart _ AllNaijaEntertainment
ANE Stories4 days ago

[STORY] SADE’S HEART TALE (Complete Episodes)

THE PROPER MRS by Onyekachi Ikeh _ AllNaijaEntertainment
ANE Stories4 days ago

[STORY] THE PROPER MRS (Complete Episodes)

BETTY AND THE BEAST by MIRIAM EDEM _ AllNaijaEntertainment
ANE Stories4 days ago

[STORY] BETTY AND THE BEAST (Episode 17)

BETTY AND THE BEAST by MIRIAM EDEM _ AllNaijaEntertainment
ANE Stories5 days ago

[STORY] BETTY AND THE BEAST (Episode 14)

Journey Band
Music6 days ago

[Music] Journey – Open Arms

FLIRTATIOUS story by Opeyemi Ojerinde Akintunde _ AllNaijaEntertainment
ANE Stories4 days ago

[STORY] FLIRTATIOUS (Episode 40)

I CHEATED ON MY WIFE Story _ AllNaijaEntertainment
ANE Stories4 days ago

[STORY] I CHEATED ON MY WIFE (Complete Episodes)

The King and I: Texas star Sharleen Spiteri on why she is still all shook up by Elvis
Entertainment7 days ago

The King and I: Texas star Sharleen Spiteri on why she is still all shook up by Elvis

Music4 days ago

[Music] Drake, 21 Savage – Jimmy Cooks

I CHEATED ON MY WIFE Story _ AllNaijaEntertainment
ANE Stories4 days ago

[STORY] I CHEATED ON MY WIFE (Episode 01)

SADE's HEART TALE by Amah's Heart _ AllNaijaEntertainment
ANE Stories4 days ago

[STORY] SADE’S HEART TALE (Episode 01)

BETTY AND THE BEAST by MIRIAM EDEM _ AllNaijaEntertainment
ANE Stories3 days ago

[STORY] BETTY AND THE BEAST (Episode 19)

I CHEATED ON MY WIFE Story _ AllNaijaEntertainment
ANE Stories4 days ago

[STORY] I CHEATED ON MY WIFE (Episode 11)

THE PROPER MRS by Onyekachi Ikeh _ AllNaijaEntertainment
ANE Stories4 days ago

[STORY] THE PROPER MRS (Episode 08)

FLIRTATIOUS story by Opeyemi Ojerinde Akintunde _ AllNaijaEntertainment
ANE Stories5 days ago

[STORY] FLIRTATIOUS (Episode 39)

‘I think everyone is looking for the summer of their lives’: Nina Nesbitt on returning to the stage, TikTok and her long-awaited third album
Entertainment7 days ago

‘I think everyone is looking for the summer of their lives’: Nina Nesbitt on returning to the stage, TikTok and her long-awaited third album

THE PROPER MRS by Onyekachi Ikeh _ AllNaijaEntertainment
ANE Stories4 days ago

[STORY] THE PROPER MRS (Episode 06)

Lucky Fans Finds Davido's Customized Jacket After His Performance In Boston, USA
Entertainment7 days ago

Lucky Fans Finds Davido’s Customized Jacket After His Performance In Boston, USA

I CHEATED ON MY WIFE Story _ AllNaijaEntertainment
ANE Stories4 days ago

[STORY] I CHEATED ON MY WIFE (Episode 02)

SADE's HEART TALE by Amah's Heart _ AllNaijaEntertainment
ANE Stories3 days ago

[STORY] SADE’S HEART TALE (Episode 02)

Suraj Jagan & Sharman Joshi - Give Me Some Sunshine (3 Idiots)
Music4 days ago

[Music] Suraj Jagan & Sharman Joshi – Give Me Some Sunshine (3 Idiots)

I CHEATED ON MY WIFE Story _ AllNaijaEntertainment
ANE Stories4 days ago

[STORY] I CHEATED ON MY WIFE (Final Episode 15)

THE PROPER MRS by Onyekachi Ikeh _ AllNaijaEntertainment
ANE Stories4 days ago

[STORY] THE PROPER MRS (Episode 04)

BETTY AND THE BEAST by MIRIAM EDEM _ AllNaijaEntertainment
ANE Stories3 days ago

[STORY] BETTY AND THE BEAST (Episode 18)

THE PROPER MRS by Onyekachi Ikeh _ AllNaijaEntertainment
ANE Stories4 days ago

[STORY] THE PROPER MRS (Episode 10)

THE PROPER MRS by Onyekachi Ikeh _ AllNaijaEntertainment
ANE Stories4 days ago

[STORY] THE PROPER MRS (Episode 03)

I CHEATED ON MY WIFE Story _ AllNaijaEntertainment
ANE Stories4 days ago

[STORY] I CHEATED ON MY WIFE (Episode 04)

Netflix seeks recruits for real-life ‘Squid Game’
Entertainment6 days ago

Squid Game Season 2 Cast, Story, Trailer, Release Date, Episodes, OTT Platform

THE PROPER MRS by Onyekachi Ikeh _ AllNaijaEntertainment
ANE Stories4 days ago

[STORY] THE PROPER MRS (Episode 09)

Kizz Daniel Releases Sensational New Visuals To Hit Track "Buga" Ft Tekno Miles
Entertainment4 days ago

Kizz Daniel Releases Sensational New Visuals To Hit Track “Buga” Ft Tekno Miles (Directed by TG Omori)

Money Heist: Korea – Joint Economic Area
Movie Subtitles1 day ago

DOWNLOAD Complete Money Heist: Korea Season 1 (S01) – Joint Economic Area Subtitles File [English SRT] 2022 (Episode 1-6)

Wizkid
Lyrics6 days ago

Kay Switch feat. Olamide & Wizkid – For Example (Remix) [Lyrics]

The Umbrella Academy (series)
Entertainment4 days ago

The Umbrella Academy Season 3 Release Date And Time On Netflix Confirmed

ANE Billboard Hots!