{"id":49843,"date":"2013-11-21T13:55:28","date_gmt":"2013-11-21T11:55:28","guid":{"rendered":"http:\/\/businesstech.co.za\/news\/?p=49843"},"modified":"2013-11-21T13:57:21","modified_gmt":"2013-11-21T11:57:21","slug":"internet-could-add-300bn-to-african-economies","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/internet\/49843\/internet-could-add-300bn-to-african-economies\/","title":{"rendered":"Internet could add $300bn to African economies"},"content":{"rendered":"<p>Africans spending time on the Internet could add $300 billion to the continent&#8217;s economy by 2025, a new study by consulting firm McKinsey &amp; Co showed on Wednesday (20 November).<\/p>\n<p>Only 16% of the one billion people in Africa are on the Internet, McKinsey estimates.<\/p>\n<p>The sector could grow to at least 5% to 6% of GDP (gross domestic product) but if it follows the take-up rate set by mobile telephony in Africa, McKinsey reckons it could add 10%, or $300 billion, to African GDP by 2025.<\/p>\n<p>The economies of Senegal and Kenya draw the most from the Web at 3.3% and 2.9%respectively, levels comparable to France and Germany.<\/p>\n<p>But South Africa and Morocco could emerge as the digital leaders, McKinsey said.<\/p>\n<h3 class=\"my-4\">More on internet and GDP<\/h3>\n<p><a title=\"How mobile is lifting South Africa\u2019s GDP\" href=\"http:\/\/businesstech.co.za\/news\/mobile\/46752\/how-mobile-is-lifting-south-africas-gdp\/\"><strong>How mobile is lifting South Africa\u2019s GDP<\/strong><\/a><\/p>\n<p><a title=\"Mobile set to rock SA Internet\" href=\"http:\/\/businesstech.co.za\/news\/internet\/46262\/mobile-set-to-rock-sa-internet\/\"><strong>Mobile set to rock SA Internet<\/strong><\/a><\/p>\n<p><a title=\"Fix the internet, boost employment: economist\" href=\"http:\/\/businesstech.co.za\/news\/internet\/43508\/fix-the-internet-boost-employment-economist\/\"><strong>Fix the internet, boost employment: economist<\/strong><\/a><\/p>\n<p><a title=\"The state of SA broadband\" href=\"http:\/\/businesstech.co.za\/news\/broadband\/46408\/the-state-of-sa-broadband\/\"><strong>The state of SA broadband<\/strong><\/a><\/p>\n<p><a title=\"SA internet holding back economic growth\" href=\"http:\/\/businesstech.co.za\/news\/internet\/42874\/sa-internet-holding-back-economic-growth\/\"><strong>SA internet holding back economic growth<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africans spending time on the Internet could add $300 billion to the continent&#8217;s economy by 2025, a new study by consulting firm McKinsey &#038; Co showed on Wednesday.<\/p>\n","protected":false},"author":7,"featured_media":49354,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9882],"tags":[25,7045],"class_list":["post-49843","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-internet","tag-active","tag-mckinsey-co"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/49843","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=49843"}],"version-history":[{"count":1,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/49843\/revisions"}],"predecessor-version":[{"id":49844,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/49843\/revisions\/49844"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/49354"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=49843"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=49843"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=49843"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}