Monday
January 25
2016

Report: Tanzania, other developing countries fail to gain from digital wealth

In 1995, less than one per cent of Tanzanians had direct access to telephones. By 2014, more than 70 per cent of Tanzanian households had direct access to a mobile phone and a significant part connected to the internet.

One would have thought that the spread of the internet and the wide use of mobile phones would have made the 2010’s Tanzanian society economically better off than that of 1990 due to the attendant benefits associated with digital technologies. Right? Not necessarily.

A new World Bank report says while developed economies have immensely benefited from digital technologies, Tanzania and many other developing countries have not.

Source: All Africa (link opens in a new window)

Categories
Technology
Tags
employment, Internet, mobile banking, mobile finance, mobile money, mobile phones