Browsing: 4IR

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  • Unemployment is a significant problem in Africa, with many countries experiencing high rates of joblessness.
  • The unemployment rate in Africa was 7.1 per cent in 2020, which is significantly higher than the global average. Youth unemployment in Africa is even more severe, with the youth unemployment rate at 12.9 per cent.
  • Harnessing 4IR presents opportunities to address unemployment in Africa

The Fourth Industrial Revolution (4IR) has the potential to propel Africa’s economy and address one of its major challenges – unemployment. 4IR technologies, such as artificial intelligence, blockchain, and the Internet of Things, are creating new job opportunities and improving productivity in many sectors. However, harnessing 4IR to address unemployment in Africa requires overcoming some challenges.

What is the 4th Industrial Revolution?

4IR stands for the “Fourth Industrial Revolution.” It refers to the current trend of automation and data exchange in manufacturing and other industries, driven by the development of …

4IR Tech adoption and use leaves many Africans unemployed. www.theexchange.africa

Within the service industry, 4IR creates a potential for new goods and processes enabled by technology. As demand develops in lockstep with income, possibilities exist as African countries resume economic growth. Because technology complements rather than replaces labour in many service industries where formal companies and employment dominate, the adoption of technology should develop new formal wage positions for young and educated job seekers.

Adoption of 4IR technology may also result in improvements in job quality (e.g., earnings, income security) in the large non-farm informal sector (63 per cent of total employment)—for example, by the use of online stores and channels to find customers and satisfy their needs safely and efficiently.…

A diamond mine in Botswana. The country is making the big jump into a ‘digital diamond’ economy. www.theexchange.africa

Even though the country knows that diamonds are a finite resource, it still holds the world’s richest mine and is the biggest producer of gem diamonds. The country has become something of a role model for good development, powered by diamond mining.
20 percent of Botswana’s gross domestic product comes from this one commodity.
It propelled the country from the second poorest country in the world in 1966, at US$70 per person per year, to a middle-income country in 2021. Botswana estimates the diamond economy will start dropping in 2030. …

A transport viaduct. Africa has ambitious plans to connect countries through various road and railway infrastructure. www.theexchange.africa

These developments will greatly enhance the implementation of the Africa Continental Free Trade Agreement (AfCFTA)…

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Ashit Shah, KAM Automotive Sector Chair & Mutsimotor Director explains how a Kenyan manufactured ventilator works to Industry CS Ms Betty Maina (R). The PUMUAISHI 2.0, ventilators will be used by local hospitals to fight the covid-19 pandemic. www.theexchange.africa

If there is a gift that the world has given to Africa, it is the internet and with this, the unlimited ways in which to make life easier.

The internet and by extension the technology that comes with it, has helped in moving the continent towards creating solutions for day to day living instead of waiting for parachuted aid.

From getting farm produce to the marketplace to creating solutions that are ground-breaking in the health sector, the internet has enabled and propelled the hitherto jettisoned continent into spaces even the so-called developed countries wish to occupy.

Power outages in Nigeria major obstacle for tech sector growth

Looking at some of the amazing things that the tech space in Africa has created include the world-renowned M-Pesa which has transformed how people transact not only in Kenya but across the continent and globally in different ways and formats.

And as the world