Deloitte at the World Economic Forum on Africa 2017
Connecting Africa’s Resources through Digital Transformation
Deloitte’s participation as a strategic partner at the WEF on Africa regional summit helped to produce fresh ideas, spark needed debate and offer forward-thinking approaches to some of the most vexing issues confronting business, government and civil society. As a Strategic Partner, we contributed to and participated in the World Economic Forum on Africa regional summit, which was hosted in Durban from 3 – 5 May 2017. This year the focus was on Achieving Inclusive Growth and opportunities for connecting markets, revitalising manufacturing and integrating innovation.
World Economic Forum 2017 Event Report Summary
Digital and technological solutions will play a major role in expanding access to financial services in Africa going forward. By embracing these innovations, governments and private sector players can bridge the gap for those previously excluded from the formal economy.
Download the World Economic Forum 2017 Event Report Summary, How digital can enable financial inclusion in Africa
Here are some of the ways innovation and collaboration have been used in various sectors to develop new products and services for previously excluded markets.
Leveraging digital to unlock the base of the pyramid market in Africa
The level of formal banking and insurance penetration across Africa remains low due to the fact that consumer spending power for the majority of the population is low and unsteady. This has been seen as a hindrance to providing products and services through traditional distribution models, even though this market represents the majority of spending power in Africa. This represents an opportunity – particularly for products that are tailored to the needs of the low-income segment– that remains largely untapped.
Our research shows that providing financial products and services to low income consumers require models that focus on:
New market entrants have started to disrupt traditional business models by introducing digital technology at various parts of the value chain. They leverage mobile technology to bring down costs, achieve reach and increase trust. This is a game changer for the financial services industry and is helping to unlock Africa’s mass market.
This report looks at how these new entrants, through partnerships, mobile, data analytics and cloud technology, have made financial products and services available for previously excluded markets.
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Healthcare in Africa
South Africa Working towards a world-class life sciences industry
It can be said that there are a number of critical areas and factors related to the life sciences industry in which South Africa performs well, particularly in terms of institutional strengths, human capital, and existing infrastructure and population demographics. However, more effective collaboration between stakeholders across and between the public and private sectors is required in order to leverage on these factors and more effectively grow the industry.
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Global Health Care Outlook 2017
Making progress against persistent challenges
This report looks into the current state of the global health care sector; explores trends and issues impacting the sector particularly in the areas of cost, innovation, care delivery, operations and regulatory compliance; and suggests considerations for stakeholders as they seek to deliver cost-effective, high-value health care.
Click here to download the report