The International Finance Corporation has disclosed that the high cost of digital equipment and software in Africa is stopping businesses from digitalisation of their operations.
The IFC disclosed this in a report titled ‘Digital Opportunities in African Businesses,’ urging that African firms could better leverage digital technologies to help their businesses become more productive and profitable.
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“Digital equipment and software cost more, in terms of US dollars, in Africa than in other regions, thereby deterring firms from adoption.
“Using novel datasets with item-level information, this research finds that machinery and equipment, both digital and analogue, are 35–39 per cent more expensive in Sub-Saharan Africa, in absolute terms, than in the United States, and 13–15 per cent more expensive in North Africa.
