ADDIS ABABA- Digitization is the best opportunities for African countries to lift themselves from the trap of poverty they find themselves in at present, so confirmed Economic Commission for Africa. The COVID-19 has hit hard the economies of many African countries and led their respective citizens to poverty, but some countries like Rwanda and Togo have used digitization to keep their economies running.
Speaking at the launching ceremony of a series of Pan-African peer exchange on the benefits of responsible digital government payments, Executive Secretary of the Economic Commission for Africa (ECA) Vera Songwe said the pandemic had a huge toll on African economies with GDP growth estimated to have dropped from 3.3% in 2019 to -2.6% in 2020. However, it is anticipated that growth would return to 3.3% in 2021.
...