{"id":182801,"date":"2024-05-15T19:43:56","date_gmt":"2024-05-15T19:43:56","guid":{"rendered":"https:\/\/www.ghanamma.com\/2024\/05\/15\/africa-lags-far-behind-the-world-in-mobile-adoption-and-innovation-despite-gains-mtn-ceo\/"},"modified":"2024-05-15T19:43:56","modified_gmt":"2024-05-15T19:43:56","slug":"africa-lags-far-behind-the-world-in-mobile-adoption-and-innovation-despite-gains-mtn-ceo","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2024\/05\/15\/africa-lags-far-behind-the-world-in-mobile-adoption-and-innovation-despite-gains-mtn-ceo\/","title":{"rendered":"Africa lags far behind the world in mobile adoption and innovation despite gains \u2013 MTN CEO \u2013"},"content":{"rendered":"<p><\/p>\n<div>\n<p><strong>Chief Executive Officer of MTN Ghana, Stephen Blewett has despite the gains that are being made in Africa relative to digital technology, the continent still lags far behind the world in mobile adoption and innovation.\u00a0<\/strong><\/p>\n<p>Constraints such as low infrastructure coverage, affordability of data and smartphones, and lack of digital skills training continue to inhibit access to the Internet among vulnerable groups, especially women, he said.<\/p>\n<p>He made the statement\u00a0at\u00a0the opening of\u00a0the 3i Africa Summit\u00a0ongoing\u00a0at the\u00a0\u00a0Accra\u00a0International Conference Center.<\/p>\n<p>The summit is being organized under the theme\u00a0\u2018Unleashing\u00a0Africa\u2019s\u00a0FinTech and Digital Economic Potential,\u2019 and\u00a0provides an opportunity to foster collaboration among diverse stakeholders to drive innovation across Africa.<\/p>\n<p>The 3i Africa Summit is a collaborative initiative by the Bank of Ghana, Development Bank of Ghana, and the Monetary Authority of Singapore to showcase and stimulate Africa\u2019s FinTech and digital potential. It is a groundbreaking global event focused on transforming Africa\u2019s economic landscape through sustainable, long-term capital allocation.<\/p>\n<p>In his address, Mr. Stephen Blewett highlighted the importance of the African fintech ecosystem as a driving force towards a digital revolution.<\/p>\n<p>He said,\u00a0\u201cAfrica\u2019s\u00a0fintech ecosystem is the engine that will drive its digital revolution and economic development in the coming years. Fintech can stimulate local economies and drive progress across the continent in several ways \u2013 financial inclusion, innovation and entrepreneurship, job creation, cross-border transactions and payments, digital identity and security, agriculture and rural development, government services, investment, and funding, as well as digital and financial literacy. The success of services like\u00a0MTN\u2019s\u00a0Mobile Money and Vodafone and\u00a0Safaricom\u2019s\u00a0M-pesa provide sufficient evidence of the ability of fintech to revolutionize business on the continent and provide millions of people with access to essential financial services.\u201d<\/p>\n<p>He added,\u00a0\u201cDespite these gains, Africa lags far behind the world in mobile adoption and innovation.\u00a0 Constraints such as low infrastructure coverage, affordability of data and smartphones, and lack of digital skills training continue to inhibit access to the Internet among vulnerable groups, especially women. We must\u00a0therefore\u00a0make\u00a0every effort to remove these bottlenecks and close the usage gap by improving data coverage and lowering the cost of data and data-enabled devices\u00a0especially\u00a0in rural and low-income areas\u00a0and\u00a0enhance digital literacy.\u201d<\/p>\n<p>Stephen Blewett also spoke on the issue of sustainability and urged business leaders and policymakers to contribute to ensuring that the right ESG practices remain key in their commercial activities.<\/p>\n<p>\u201cWe must not lose sight of\u00a0the impact that\u00a0our actions\u00a0have\u00a0on our environment and society and strive towards creating shared value in business outcomes.\u00a0We\u00a0must progressively reduce our carbon footprints by investing in renewable\u00a0energy,\u00a0and\u00a0other energy-efficient tools and technologies that lead to efficiency. We must take up the challenge of placing Environment, Social, and Governance (ESG) at the heart of our commercial activities and support the achievement of the\u00a0UN\u2019s\u00a0Sustainable Development Goals.\u00a0I believe that together, we can shape an Africa that\u00a0not only\u00a0thrives in the digital age\u00a0but also\u00a0serves as a shining example of inclusive and sustainable development.\u201d<\/p>\n<p>Other speakers from MTN are Shaibu Haruna, CEO of Mobile Money Limited Ghana and Eli Hini, CEO MoMo PSB, Nigeria.\u00a0 The rest are Cedric Nguessan, MTN Group Finco Payments and E- Commerce, Angela Mensah-Poku, Chief Enterprise Business Officer MTN Ghana, and Dario Bianchi, Chief Digital Officer, MTN Ghana.<\/p>\n<p><!-- AI CONTENT END 1 --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Chief Executive Officer of MTN Ghana, Stephen Blewett has despite the gains that are being made in Africa relative to digital technology, the continent still lags far behind the world in mobile adoption and innovation.\u00a0 Constraints such as low infrastructure coverage, affordability of data and smartphones, and lack of digital skills training continue to inhibit [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":182802,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"class_list":["post-182801","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.8 - 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