Thursday , March 28 2024

Facebook’s Infrastructure Investments to Boost Africa’s Economy by $57 Billion

Facebook investments in infrastructure and connectivity across the African region has been discovered to deliver over $57 Billion in economic benefits over the next five years (2020–2024).

The findings which was released by Facebook in its “Impact of Facebook’s Connectivity Initiatives in Sub-Saharan Africa”, a study conducted by Analysys Mason.

According to the Economist Intelligence Unit, Inclusive Internet Index 2020, over 800 million people in Sub-Saharan Africa are unconnected to the internet.

Over the years, Facebook has invested in infrastructure and partnerships to address the barriers to connectivity, such as the lack of availability in infrastructure, affordability, relevance and readiness to get online.

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“Also aiming to provide financial and technical inputs that can make infrastructure easier and cheaper to deploy within the continent, Facebook’s infrastructure investments and connectivity initiatives include the following: investing in Infrastructure that supports internet connectivity, submarine cables, edge networks, and backhaul fiber investments through Open Transport Networks (OTNs); and supporting Mobile Operators through facilitation initiatives through express Wi-Fi, rural Access partnerships and the Telecom Infra Project (TIP).

It also stated that some of the economic benefits include the enhancement of operators’ ability to extend the coverage of broad networks, thus enabling more people to go online, saying that these increases in take-up and internet traffic mean that people are more able to interact with each other, trade online and perform online transactions.

According to the report, all these activities create benefits for individuals and wider economic and social benefits through improved health and welfare outcomes, skills and education, job creation and productivity.

Africa Public Policy Director at Facebook, Kojo Boakye said, “At Facebook we are committed to Africa and the role that we can play in improving the continent’s global competitiveness.

“Over the last three years we’ve heavily invested in infrastructure and connectivity initiatives that aim to affordably connect people on this continent and create tangible social-economic benefits. These efforts are part of a complex solution that requires all stakeholders, including mobile operators, infrastructure providers and governments to work together for the common good. We are only one per cent finished and remain committed to this exciting journey and working with all our partners along the way.”

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