Recent World Bank studies show that an additional 10% Internet penetration can lift GDP by 1-4% in developing countries and that African firms using the Internet are nearly four times as productive per employee as those that do not.
Internet connectivity has a strong multiplier effect on economies as it drives increased exposure to information, innovation, and knowledge, at reduced costs. It enables access to education, health and other social services, as well as employment and job creation opportunities. Internet connectivity also enables small businesses to access international markets and allows new industries to spring up.
Africa is at a crossroads with a range of development needs. Providing the strongest foundation for advanced, inclusive growth, last mile connectivity will enable the continent to leapfrog traditional solutions and unlock the potential of the Fourth Industrial Revolution.