Challenges of Digital Entrepreneurship on Development of Africa

There is no doubt about the fact that the globe is turning toward digitalization in all aspects of activities and businesses, which affects the development of countries. The recent thriving in technological development and advancement has opened various opportunities for entrepreneurs, thereby making digital entrepreneurship become a contemporary topic. Since majority of the countries in Africa are still developing, digital entrepreneurship should be seen as an essential tool towards positive economic development. However, it is easier said than done. Hence, this paper aims to explore the challenges of digital entrepreneurs in Africa and how these challenges affect its development. The top three biggest economies in Africa were selected (Nigeria, Egypt, and South Africa) using data between 1992 to 2021 (30 years). Gross Domestic Product was used to measure the development, while the explanatory variables were measured using patent application, trademark application, secured internet access, mobile subscription, and access to electricity. The data were analyzed using regression analysis by EViews, and the findings show a significant relationship between the development of a country and technology. This implies that the inadequate technological facility in African countries hinders the development of digital entrepreneurship and hence affects development .