At present the internet contributes just 1.1 percent to Africa's annual GDP growth, but by 2025 this should be at least 5 to 6 percent, according to McKinsey & Company, the global management consulting firm.
However, much needs to be done to nurture Africa's flowering technology ecosystem.
The struggle to find adequate funding is hampering the continent's tech startups. Rockson told CNBC: "Finding access to good … capital is a big challenge. A lot of investments in Africa still go towards the commodities market, real estate etc."
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Africa also remains digitally divided, which could hamper growth.
Huge disparities exist in the development of the internet across Africa. While the internet contributes 3.3 percent and 2.9 percent to GDP in Senegal and Kenya respectively – on par with that of France and Germany – in Nigeria it is just 0.8% according to McKinsey.
This is also evident in the availability of expertise in IT across Africa.
"Several countries have developed excellent information and communication technology strategies and are implementing these but the lack of ICT expertise; especially in the public sector is an impediment to realizing the extraordinary growth potential on the continent," Oke told CNBC.