Driving Investments to Build Africa’s $700B Digital Economy.

Heirs Technologies has released an industry report emphasizing the urgent need for bold investments to accelerate Africa’s digital transformation and unlock its projected $700 billion digital economy by 2030. The report highlights that while Africa is experiencing rapid digital growth—driven by a young, tech-savvy population, expanding internet penetration, and mobile-first adoption—major gaps remain in infrastructure, funding, and skills.

Currently, Africa accounts for less than 1% of global data center capacity, yet its digital economy has the potential to rival other emerging markets if investment priorities are realigned. The report identifies critical areas such as broadband expansion, energy solutions, cybersecurity, and digital infrastructure as essential foundations for sustainable growth. It also stresses the importance of local cloud services, affordable connectivity, and stronger regulatory frameworks to foster innovation and trust.

Heirs Technologies argues that bridging Africa’s digital divide will require collaborative action from governments, private sector players, and international investors. Public-private partnerships are seen as crucial to funding large-scale infrastructure projects, while policies must be designed to encourage innovation and reduce barriers for startups. The report also underscores the role of human capital development, calling for targeted investment in digital skills training, research, and entrepreneurship to prepare Africa’s workforce for a technology-driven economy.

By 2030, Africa’s digital economy could create millions of jobs, boost financial inclusion, and drive new industries in fintech, e-commerce, healthtech, and agritech. However, the report warns that failure to invest decisively could leave Africa behind in the global digital race.

Ultimately, Heirs Technologies positions digital transformation as both an economic and social imperative for the continent. The report calls on policymakers and business leaders to act with urgency, seize Africa’s demographic advantage, and chart a path toward inclusive, technology-led prosperity.