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Confronting Africa's Economic Downturn Through Broadband Investment: The Way Forward
Abstract
This paper examines the prospect of broadband infrastructural investment by African countries in the light of the current economic recession. It observed that oil reserves unlike before can no longer sustain economies as it is evident in some oil producing African countries presently undergoing economic recession. The paper further observed that Broadband Infrastructural investment has been employed as a counter-cyclical tool to create jobs and provide the foundation for economic recovery and long-term sustained growth by most countries that once experience recession. Hence, having observed that, there are compelling statistics which show that there is a correlation between broadband and economic growth, the study is of the opinion that broadband infrastructural deployment in developing countries especially in Africa can help guaranty speedy recovery from economic recession and help ensure sustainable development. However, to ensure maximum return on investment, there is need for a robust Broadband Investment Policy Framework.
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