Development finance institutions have a key role to play in ensuring Africa is not left behind
With the world fast approaching the fourth industrial revolution, the role of local development finance institutions (DFI’s) in terms of ensuring that Africa is not left behind will be crucial. There are fears the world over that automation and artificial intelligence could lead to wholesale job losses which will further entrench inequalities particularly in Africa. However, while some of the major regions are embracing new technologies which will come to define the world in the not so distant future, it appears that Africa’s education and labour system is not prepared for the radical changes that will come about, technology analyst Arthur Goldstuck observed recently. Several studies have shown that the fourth industrial revolution, which involves a fusion of artificial intelligence and automated machines, has the potential to disrupt every industry. “Neither our education or labour system is ready for the shifts that will come…we need frank engagement by these sectors with the nece...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.