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The second day of Africa Tech Week was bursting with tech trends and practical insights from speakers and acclaimed sponsors Vaxowave, Liquid Intelligent Solutions, Visa, PPC and Gijima, the overarching emotion is one of gratitude and the outlook optimistic. The main focus was strategies for living in a digital world – a reality that has abruptly arrived on the globe’s doorstep. 54 Million Jobs to be Created As Zahra Baitie from the Jack Ma Foundation reiterated, Africa is a recently connected continent, a new market and magnet for those seeking to make their mark on the world stage. Over the course of the two-day summit, Africa Tech Week certainly made a mark on the world stage! It is predicted that Africa will create 54 million jobs by 2022, largely generated by small and medium enterprises. ....
March 17, 2021 The African Development Bank (AfDB) is hoping that the digitalization of economies and companies in response to the coronavirus pandemic will help the continent recover quickly from its associated economic shocks. To this end, the finance institution is looking to establish investment banks to accelerate ventures by the continent’s young, tech savvy innovators. Like much of the world, Covid-19 lockdowns in Africa prompted a migration to online platforms, forcing government employees to become more digitally literate, and sectors like telecom and banking to invest in systems to support remote working. The AfDB believes “an all-out effort to harness digital technologies” will boost productivity and employment. If it does, it could help abet a steep decline in economic performance for the region, and cushion the impact of hits taken by the oil, tourism, and mining-dependent countries. ....