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Kenya’s digital economy potential
Kenya’s digital economy potential
Order ID 53563633773 Type Essay Writer Level Masters Style APA Sources/References 4 Perfect Number of Pages to Order 5-10 Pages Description/Paper Instructions
Kenya’s digital economy potential
Kenya’s digital economy has the potential to drive significant economic growth and development. This is due to a number of factors, including the country’s rapidly growing population, a rapidly expanding middle class, and a government that is actively promoting the development of a digital economy.
One of the key drivers of Kenya’s digital economy is the country’s rapidly growing population. As of 2021, Kenya’s population is estimated to be around 55 million people, and it is projected to reach around 85 million by 2050. This rapidly growing population is creating a large and diverse market for digital products and services. Additionally, a significant portion of this population is young and tech-savvy, which further drives demand for digital products and services.
Another driver of Kenya’s digital economy is the rapidly expanding middle class. This is a result of the country’s strong economic growth over the past decade, which has led to an increase in the number of people with disposable income. This is particularly true in urban areas, where many people are now able to afford smartphones, laptops, and other digital devices. As a result, there is a growing market for digital products and services in Kenya.
The government of Kenya is also actively promoting the development of a digital economy. This includes efforts to increase access to the internet, particularly in rural areas, as well as efforts to improve the country’s overall digital infrastructure. Additionally, the government is providing support for businesses and entrepreneurs looking to develop digital products and services.
Overall, Kenya’s digital economy has significant potential to drive economic growth and development. However, there are also several challenges that need to be addressed in order to fully realize this potential. These include issues related to infrastructure, access to finance, and a lack of skilled workers. With the right policies and investments, however, Kenya can overcome these challenges and become a leading player in the digital economy.
Kenya’s digital economy is already an important contributor to the country’s GDP, and this is expected to grow in the future. The country has a relatively high penetration rate of mobile phones and internet usage, which has enabled the development of a number of digital platforms and services. One of the most notable examples of this is the mobile banking system, M-Pesa, which has over 30 million users in the country.
Mobile money services like M-Pesa have enabled millions of Kenyans, who previously had no access to traditional banking services, to participate in the formal economy. Additionally, the mobile money services have also enabled small businesses to access a wider range of financial services. This has led to an increase in economic activity and has created jobs in the country.
The Kenyan government has also been actively promoting the growth of the digital economy through various initiatives. This includes the creation of a national ICT policy, which aims to increase access to information and communication technologies. Additionally, the government has also been investing in the development of digital infrastructure, such as the laying of fiber-optic cables, which will improve internet connectivity across the country.
Kenya’s digital economy also has the potential to promote more inclusive growth, particularly in rural areas. For example, digital platforms such as e-commerce and mobile money services can enable small businesses and farmers to access new markets, which can increase their income and improve their livelihoods. Additionally, digital platforms can also help to reduce transaction costs, which can make it easier for small businesses to participate in the formal economy.
However, in order to fully realize the potential of Kenya’s digital economy, there are several challenges that need to be addressed. One of the most significant challenges is the lack of infrastructure, particularly in rural areas. This includes the lack of access to electricity, which can make it difficult for businesses and individuals to use digital platforms and services.
Kenya’s digital economy potential
RUBRIC
QUALITY OF RESPONSE NO RESPONSE POOR / UNSATISFACTORY SATISFACTORY GOOD EXCELLENT Content (worth a maximum of 50% of the total points) Zero points: Student failed to submit the final paper. 20 points out of 50: The essay illustrates poor understanding of the relevant material by failing to address or incorrectly addressing the relevant content; failing to identify or inaccurately explaining/defining key concepts/ideas; ignoring or incorrectly explaining key points/claims and the reasoning behind them; and/or incorrectly or inappropriately using terminology; and elements of the response are lacking. 30 points out of 50: The essay illustrates a rudimentary understanding of the relevant material by mentioning but not full explaining the relevant content; identifying some of the key concepts/ideas though failing to fully or accurately explain many of them; using terminology, though sometimes inaccurately or inappropriately; and/or incorporating some key claims/points but failing to explain the reasoning behind them or doing so inaccurately. Elements of the required response may also be lacking. 40 points out of 50: The essay illustrates solid understanding of the relevant material by correctly addressing most of the relevant content; identifying and explaining most of the key concepts/ideas; using correct terminology; explaining the reasoning behind most of the key points/claims; and/or where necessary or useful, substantiating some points with accurate examples. The answer is complete. 50 points: The essay illustrates exemplary understanding of the relevant material by thoroughly and correctly addressing the relevant content; identifying and explaining all of the key concepts/ideas; using correct terminology explaining the reasoning behind key points/claims and substantiating, as necessary/useful, points with several accurate and illuminating examples. No aspects of the required answer are missing. Use of Sources (worth a maximum of 20% of the total points). Zero points: Student failed to include citations and/or references. Or the student failed to submit a final paper. 5 out 20 points: Sources are seldom cited to support statements and/or format of citations are not recognizable as APA 6th Edition format. There are major errors in the formation of the references and citations. And/or there is a major reliance on highly questionable. The Student fails to provide an adequate synthesis of research collected for the paper. 10 out 20 points: References to scholarly sources are occasionally given; many statements seem unsubstantiated. Frequent errors in APA 6th Edition format, leaving the reader confused about the source of the information. There are significant errors of the formation in the references and citations. And/or there is a significant use of highly questionable sources. 15 out 20 points: Credible Scholarly sources are used effectively support claims and are, for the most part, clear and fairly represented. APA 6th Edition is used with only a few minor errors. There are minor errors in reference and/or citations. And/or there is some use of questionable sources. 20 points: Credible scholarly sources are used to give compelling evidence to support claims and are clearly and fairly represented. APA 6th Edition format is used accurately and consistently. The student uses above the maximum required references in the development of the assignment. Grammar (worth maximum of 20% of total points) Zero points: Student failed to submit the final paper. 5 points out of 20: The paper does not communicate ideas/points clearly due to inappropriate use of terminology and vague language; thoughts and sentences are disjointed or incomprehensible; organization lacking; and/or numerous grammatical, spelling/punctuation errors 10 points out 20: The paper is often unclear and difficult to follow due to some inappropriate terminology and/or vague language; ideas may be fragmented, wandering and/or repetitive; poor organization; and/or some grammatical, spelling, punctuation errors 15 points out of 20: The paper is mostly clear as a result of appropriate use of terminology and minimal vagueness; no tangents and no repetition; fairly good organization; almost perfect grammar, spelling, punctuation, and word usage. 20 points: The paper is clear, concise, and a pleasure to read as a result of appropriate and precise use of terminology; total coherence of thoughts and presentation and logical organization; and the essay is error free. Structure of the Paper (worth 10% of total points) Zero points: Student failed to submit the final paper. 3 points out of 10: Student needs to develop better formatting skills. The paper omits significant structural elements required for and APA 6th edition paper. Formatting of the paper has major flaws. The paper does not conform to APA 6th edition requirements whatsoever. 5 points out of 10: Appearance of final paper demonstrates the student’s limited ability to format the paper. There are significant errors in formatting and/or the total omission of major components of an APA 6th edition paper. They can include the omission of the cover page, abstract, and page numbers. Additionally the page has major formatting issues with spacing or paragraph formation. Font size might not conform to size requirements. The student also significantly writes too large or too short of and paper 7 points out of 10: Research paper presents an above-average use of formatting skills. The paper has slight errors within the paper. This can include small errors or omissions with the cover page, abstract, page number, and headers. There could be also slight formatting issues with the document spacing or the font Additionally the paper might slightly exceed or undershoot the specific number of required written pages for the assignment. 10 points: Student provides a high-caliber, formatted paper. This includes an APA 6th edition cover page, abstract, page number, headers and is double spaced in 12’ Times Roman Font. Additionally, the paper conforms to the specific number of required written pages and neither goes over or under the specified length of the paper.
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