The digital revolution has reached Africa, fueled by new technologies like automation, AI, and networking. Some countries, like Kenya, have used digitization to better their citizens’ lives and economy.
The rapid expansion of the internet has also led to increased prosperity and millions of new jobs. Africa may be able to catch up to the rest of the world by 2030. Several industries have flourished in Africa since the internet’s adoption.
One of the key subjects of the SBC Digital Africa conference and expo is sports betting, especially on mobile devices. The combined markets of Nigeria, Kenya, and South Africa have surpassed $40 billion in the recent decade. Because sports betting is just taking off in Africa, possibilities as well as difficulties have emerged.
Football, rugby, and cricket are the most popular online sports betting alternatives. Football, however, remains the most popular sport in Africa, with over 100 African players now playing in top European and American leagues. This is obvious globally, as bettors and fans may open accounts on foreign online betting platforms to check football odds and put bets on the Africa Cup of Nations and other sports events in the country. This shows the rising worldwide importance of African sports and athletes, which is anticipated to rise.
M-Pesa, a Kenyan-based mobile money transfer business, is perhaps the most well-known player. M-Pesa began as a text-based business before the internet truly took off in Africa. Then came a feature-rich smartphone app that made money transfers more simpler and more accessible. People now have access to the internet and cellphones, resulting in 614 million monthly transactions throughout the continent.
Developing a new notion like this might lead to a financial and transactional ecosystem that spans the whole continent. M-Pesa has made it possible for people to handle their money and payments in a contemporary fashion. Moreover, the firm became a symbol of what new ideas might achieve if supported and funded, with other companies following suit.
Despite the two instances above, online platforms are one of the finest prospects the internet has brought for Africa. New opportunities for young people, women, and entrepreneurs are emerging from e-learning, fin-tech, and innovation centers. Unlocking the potential of the African digital revolution requires a new entrepreneurial environment that provides capital, knowledge, and worldwide linkages.