Article

Attracting Investment and Accelerating Fourth Industrial Revolution Adoption in Africa

In collaboration with the World Economic Forum (WEF) for the Davos Agenda 2022, as part of the Great Reset initiative

Historically, Africa has lagged behind other regions in employing the full potential of previous industrial revolutions, limiting its ability to become a truly competitive market. The pandemic demonstrated the massive leaps made by business, government and civil society during the crisis – showing that sustaining this level of focus and momentum can boost economic growth.

The African Union Fourth Industrial Revolution strategy provides the foundation to ensure the region is able to embrace the opportunities and address the challenges, including inadequate infrastructure and skills.

This paper builds on that work, providing direction for policy-makers and investors to consider the mechanisms that can scale up digital transformation.
It explores:

  • The landscape of incentives in the region and the market failures that limit scale-up and adoption
  •  Local case studies and emerging market experiences ranging from co-investment of critical infrastructure to efficiency-gain rebates realised through digital transformation
  • Direction for policy-makers and investors looking to embrace the Fourth Industrial Revolution, offering alternative incentives and ecosystems to drive economic recovery and build resilience.

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