Dangote Refinery Reverts to US Crude Imports
Dangote refinery reportedly imports crude from US, reversing commitment to buy from Nigeria, citing local supply challenges.
Taylor Brooks
In today's digitally driven world, having a solid digital infrastructure is crucial for economic growth, innovation, and efficiency. A recent report by the IMD World Digital Competitiveness Ranking 2024 has evaluated 67 economies, including three newcomers - Ghana, Nigeria, and Puerto Rico - to identify the most digitally competitive countries in Africa. The ranking assesses countries' abilities to adopt and explore digital technologies as a driver for economic transformation.
According to the report, South Africa leads the pack with a digital competitiveness score of 50.49, ranking 54th globally. Botswana follows closely with a score of 46.01, ranking 60th globally. Ghana and Nigeria, the two newcomers, rank third and fourth, respectively, with scores of 31.75 and 30.67, ranking 65th and 66th globally.
The IMD framework uses 59 criteria, including 38 quantitative measures and 21 survey-based indicators, to rank countries from most to least digitally competitive. This comprehensive approach provides a thorough understanding of a country's digital ecosystem and its ability to drive economic growth.
The importance of digital competitiveness cannot be overstated. Countries with advanced digital ecosystems benefit from smoother transitions to automation and other high-tech solutions, while less developed regions face mounting challenges in catching up. The disparity in digital infrastructure not only limits economic opportunities but also widens social inequities.
The International Telecommunication Union (ITU) notes that while broadband access has improved worldwide, vast gaps persist, particularly in rural and underserved areas. This lack of access hinders economic growth and places less-developed nations at a disadvantage in the global digital economy.
Despite the challenges, the report highlights the opportunities for African countries to leverage digital technologies to drive economic growth and innovation. As the world shifts towards automation and tech advancements in healthcare and manufacturing, it is essential for countries to stay digitally ahead to remain competitive.
In conclusion, the IMD World Digital Competitiveness Ranking 2024 provides valuable insights into the digital landscape of Africa. As the region continues to evolve, it is crucial for countries to prioritize digital infrastructure development to unlock economic growth, innovation, and social progress.
For more information on the IMD World Digital Competitiveness Ranking 2024, visit their website. To stay updated on the latest news and trends in Africa's digital ecosystem, follow Business Insider Africa.
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