It is estimated that by 2020 the digital economy will account for more than 26% of the global GDP.
According to a report by LiquidTelecom on African Gen Z “across the region, businesses and governments are taking steps to ensure that Africa can compete in the digital age”.
It is reported that, digitalisation is expected to bring an additional $300 billion to Africa by 2026. Digitalisation is also expected to bring about change on how people live and work.
This however can be made more possible by the new generation known as Generation Z (Gen Z), the first generation to have never known life without the internet or social media.
Gen Z will play a big role in fulfilling Africa’s digital potential by bringing forward fresh new ideas, a hunger to learn new digital skills and evolve with time changes and their passion to use technology to change lives.
They are the future of Africa; they are set to become the authoritative figures on technology in the modern workplace”, says LiquidTelecom.
The African Generation Z report further explains how Gen Z could shape business and innovation in Africa in the years to come. Technology is empowering Gen Z to do things no other generation before them could do.
Easy access to information online has reduced dependency on traditional teaching methods, allowing these young Africans to explore life in their own way and gain knowledge through the use of the valuable IT skills.
Technology has made it easy for them to exchange ideas and information with people from far places and they have learned how to use that to empower themselves.
According to the report this has created a culture of entrepreneurship amongst young adults, who question traditional ways of working and adopting new approaches to tackling problems.
The Gen Z isn’t motivated by personal economic gain, but by the goal of using innovation to solve some of the region’s largest problems and improve lives.
However, Gen Z is set to inherit some major challenges as they are still faced with the challenge of unemployment and underemployment. “The next generation in Africa has both the most to and the most to gain”, says LiquidTelecom.