Economic Outlook: AfDB forecasts growth for Madagascar - ITREALMS

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The latest Economic Outlook by the African Development Bank (AfDB) has forecasted growth for Madagascar by 4.5 per cent in 2024 and 5.3 percent in 2025, reports ITREALMS.

The AfDB Group’s Country Report 2024, ITREALMS gathered, forecasted vigorous economic activity for Madagascar, with expected growth of 4.5 percent in 2024, climbing to 5.3 percent in 2025. Growth on the Grande Île was 4.4 percent in 2023, compared with 4.3 percent in 2022.

Cisco forecasts cloud growth in Middle East, Africa by 2018

ITRealms:

Cisco in its latest fourth annual Global Cloud Index (2013 – 2018) forecast growth in cloud traffic, workloads and storage in the Middle East and Africa (MEA), reports ITRealms.

The Cisco Index also showed to ITRealms that with private cloud significantly outpacing public cloud, experts foresee that in the next five years, data center traffic will nearly triple, with cloud representing 76 per cent of total data center traffic.

“By 2018, half of the world’s population will have residential Internet access and more than half of those users’ (53 per cent) content will be supported by personal cloud storage services,” the study revealed.

ITRealms recalls the United Nations disclosed recently that the world’s projected population by 2018 will be 7.6 billion people.

Equally, the project study indicated that African enterprises are steadily embracing cloud computing as the next big step in the advancement of the Internet. 

This trend, ITRealms gathered is definitely being witnessed on the continent as more and more individuals as well as companies are embracing cloud-based solutions.

Further, ITRealms notes some key highlights from the study for the region to include that from 2013 through 2018, Middle East and Africa is expected to have the second highest cloud workload growth rate. 

Even as Asia Pacific (45% CAGR); Middle East and Africa (39% CAGR); and Latin America (34% CAGR). 

Just as in the Middle East and Africa, data center traffic will reach 366 exabytes per year (30 exabytes per month) by 2018, up from 68 exabytes per year (5.7 exabytes per month) in 2013, a CAGR of 40% from 2013 to 2018.

+Remmy Nweke +Remmy Nweke (ITRealms) +Cisco
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