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Data Economy

Towards a fair and inclusive Data Economy

At a glance

Globally, the digital economy is growing at a rapid pace. In Africa alone, tech startups grew 10-fold between 2014 and 2019.
As a result, a data economy has developed in recent years whose commodity is primarily personal data: Sales platforms, smart home appliances, fitness trackers or navigation apps generate valuable user profiles in real time. The value creation of these data streams has so far mostly been in the hands of large tech companies. Developing countries are thus currently only able to benefit from the data economy to a limited extent.
In the future, however, political self-determination and further development potential will increasingly depend on the ability to put value to the data obtained locally.
In addition to data expertise and local data centers, this requires above all solidly implemented and harmonized data protection regulations across countries, which are often inadequate in our partner countries.

 

Our approach and goal

Our Data Economy Flagship promotes the development of a data-driven economy by advancing the implementation of data regulation and testing the sharing of data to drive local innovation to support local value creation. In collaboration with the Smart Africa Secretariat, national regulators, and the private sector, the project has three objectives: