For more than a century, development followed a similar pattern: consolidate political institutions, grow agricultural productivity, build a manufacturing fabric, and evolve towards heavy industry. This strategy made South Korea, Japan and China rich, and the United States and Western Europe before them.
But this model is looking outdated. Robotization, artificial intelligence and digitalization disrupt industrialization policies, reducing their ability to provide employment while bringing profound changes to the business model in several sectors. In Africa, where job creation is urgently needed but many sectors are still underdeveloped, these new conditions offer both risks and opportunities. How can the continent’s CEOs and companies adapt in order to turn this historic shift into a catalyst for growth and transformation?
In this session moderated by Eleni Giokos (Journalist and Presenter, CNN), Amine Tazi-Riffi (Independant Advisor), Stéphanie Von Friedberg (Chief Operating Officer, IFC), Kuseni Dlamini (Chairman of the Board, Massmart), Amadou Gon Coulibaly (Prime Minister, Côte d’Ivoire), Akinwumi Adesina (President, African Development Bank) and Alhaji Abdulsamad Rabiu (Chairman and CEO, BUA Group) give their views on this hot topic for Africa’s development strategy : what economic policies are needed to conform to the new global dynamic – How does technological disruption change the story in terms of job creation – Education, infrastructure, governance: what structural changes must Africa make to adapt to
this new era.