How Digitisation and Transparency Will Drive Private Sector Growth

10.25.2021 | CIPE in News | CIPE

CIPE’s Lola Adekanye co-authored a piece for “the africa report” about how Africa’s digital transformation can reduce the cost of doing business and boost private markets.

“As the world looks to build back better, how do we improve financing to the private sector engine of the African economy? One critical answer: scaling MSME information accessibility through digitisation,” the co-authors write. “As digitisation increases, the discoverability of opportunities and overall market transparency increases, which lowers the cost of doing business and makes growth financing less proximity-dependent. Private markets grow based on this enabling formula.”

Read the entire piece at theafricareport.