The Kenya Government has extended consultations on the draft digital economy blueprint strategy paper which aims to develop a formula that seeks to tap into the global digital economy and realize its full potential.
The draft comments deadline have been extended until September 30, 2020.
Currently, the Kenya ‘gig economy’ is growing fast, currently estimated at close to 700, 000 digital and online workers in Kenya, not counting digital-enabled work like digital eCommerce platforms and ride-hailing apps.
The ultimate goal, is to ensure the digital economy contributes atleast 10% of the Kenya GDP. Currently, the digital economy accounts for only 2% of the country’s GDP.
By extension, the Kenya government hopes the Blueprint will be adopted by other African member countries to grow their own digital ecosystems and realize its full potential.
Part of the document’s pillars include:
Proposed regulatory framework for investments and innovations
Encouraging smart society and networks
Strengthening privacy and data protection
Enabling new business models for MSMEs
Strenghthening digital economy research and innovative ecoystems
With over 70% of global mobile subscriptions located in the developing worlds like Africa, and with mobile money platforms and infrastructure continuing to drive financial inclusion in these economies, there is huge value to be gained with further acceleration of the digital economy.
Interestingly, the Blueprint highlights six disruptive technologies as having great potential for impact on economic development in Kenya. These include:
“It is evident from the financial sector that Kenya needs to seek out appropriate innovations that will help disrupt entire industries, increase economic growth and reduce poverty.” ~ The Kenya Digital Economy Blueprint 2019
The paper highlights the importance of innovation-driven entrepreneurship including six Kenyan case studies that exemplify the direction of the digital economy the government seeks. These case studies include:
Africa’s Talking – A unified API platform for African software developers
BitPesa– A digital and crypto foreign exchange and payment platform
Little Cabs – A taxi-hailing service with a shuttle bus solution for Kenya
Cellulant Corporation – Digital payment ecosystem for African banks
SokoWatch – A startup digitizing informal retail in Africa
Wezatele – A mobility payment solution for commerce, distribution, and supply chains