Africa’s young population is anticipated to quadruple by 2050 to around 830 million. Combined with technological advancements and strong internet penetration and connection throughout the continent, the economy is predicted to increase by 2021. The AfCFTA is set to start early next year.
The execution of the African Continental Free Trade Area (AfCFTA) agreement is critical to the post-pandemic economic recovery of African nations decimated by the coronavirus pandemic,
with the World Bank estimating that over 100 million people may join millions already in severe poverty. The AfCTA deal is anticipated to pull 30 million people out of poverty. 54 African nations will enable free trade and decrease tax rates to stimulate intra-African commerce. The trade grouping will boost Africa’s economic growth and industrialisation, but digital regulation and infrastructure are required to fully realize its promise. Intra-African commerce is predicted to expand by 21.9 percent by 2022, and by at least 53 percent by 2040, generating almost $70 billion in GDP. This expansion will increase the share of Africa’s $2 trillion economy exchanged domestically.
Gaming is reliant on technology. By 2025, mobile internet will have a 40% rate in West Africa alone, while the present 5222 million internet users will expand by 10%. However,
a new generation of digital consumers comprising 44% of Sub-Saharan Africa’s population (about 450 million people) owned a smartphone, which would have a significant impact on the Africa gaming industry as 40% of total 1.15 billion betting GGR in 2020. 5G will undoubtedly disrupt the gaming industry and be commercially available in Africa by 2021. So nations like Nigeria and South Africa tested it. The fifth-generation technology will enable a broad variety of devices and services by 2021 in Africa. Faster speeds are not the main factor of total customer experience with 5G technology. Reduced latency for data transmission between the 5G network and end-users will enable new use cases by increasing capabilities and flexibility for mobile betting and better servicing punters’ demands. By the end of 2024, 5G subscribers will account for 17% of all mobile subscriptions, or 1.5 billion out of the 8.9 billion planned worldwide, while deployment in Africa is uneven, with many places still in the research stage.
5G technology will open up new gaming options in Africa, notably e-Sport and live football games. Many African bookmakers already provide live betting and streaming on their websites, which is good news for the upcoming 5G technology. A rise in iGaming betting and gambling, particularly in Africa, will benefit from the fifth-generation.
Artificial intelligence is already disrupting online gaming platforms in Africa. The African gaming sector will embrace this new technology.
Online gambling also shows how technology may produce issues and answers. A.I. is altering online gambling by improving in-game user experience and serving adverts to present or future clients. Machine learning-powered human-like customer support optimizes the user experience.
Thus, the African gambling sector will continue to expand rapidly due to improvements in infrastructure, economic growth, and technology. The project will benefit from upcoming developments on the continent.