Leveraging technology to leafprog Africa’s economic growth

Investments in Africa’s digital infrastructure remains vital if the continent is to create one common unified market. How can Africa address this pressing challenge to deepen trade in an era of disruptive technological changes? CNBC Africa recently spoke with Trixie Lohmirand, Executive Vice President of Dubai World Trade Centre, about the importance of developing a robust digital ecosystem in Africa. Lohmirand emphasized the critical role of strong political will and leadership commitment in creating a single market. She highlighted the need for consistency in political motivation to avoid fragmentation and ensure sustained progress in building digital infrastructure. Regional communities like Smart Africa and the African Continental Free Trade Area are working to rally support and bring together the ecosystem to drive investments in digital infrastructure creation. However, challenges such as protectionist instincts, national priorities conflicting with regional aspirations, and fragmentation in data policy still need to be addressed. Harmonization of policies and regulations, talent development, and institutional capacity building are essential components to create a sustainable digital economy in Africa. With a focus on private sector involvement, Lohmirand discussed the critical role of technology deployment and experimentation in driving digital transformation in sectors like e-health, digital finance, e-commerce, and education. The private sector plays a key role in providing technical capabilities, skills, and building blocks necessary for creating a robust digital economy. Collaboration between public and private sectors is crucial for developing regulatory frameworks and ensuring scalability, sustainability, and interoperability of digital infrastructure. By engaging startups and leveraging the expertise of the private sector, governments can accelerate digital transition and drive economic growth in Africa. With a rapidly growing population and untapped resources, Africa is well-positioned to harness the power of digital innovation. Gitex Africa, a platform created to bring global experts, investors, and technology companies to the continent, aims to facilitate networking, partnerships, and knowledge exchange for startups and entrepreneurs in Africa. The platform provides access to market opportunities and fosters collaboration among tech executives from various sectors. Lohmirand emphasized the importance of consistent education, networking, and information exchange to support the growth of the digital economy in Africa. The healthcare sector, in particular, stands to benefit significantly from advances in AI, data management, and connectivity. With the potential to improve medical outcomes, AI presents a disruptive force in healthcare, requiring substantial investments in digital infrastructure, data security, skills development, and regulatory frameworks. GiantX Africa serves as an annual platform to accelerate technological advancements and provide expertise to support the healthcare sector in Africa. By facilitating education and collaboration, GiantX Africa aims to propel Africa's healthcare sector into the digital age and drive economic growth in the region.