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<p>One of the institutions attending the Africa Investment Forum in Sandton this week is the European Investment Bank, which pumped millions of dollars into the continent at last year’s forum. CNBC Africa’s Fifi Peters is joined by the Vice President of the European Investment Bank, Ambroise Fayolle, to talk about the Bank’s plans for Africa going forward.</p>


Africa Investment Forum: Ambroise Fayolle on EIB’s plans for Africa

Africa Investment Forum: Ambroise Fayolle outlines EIB’s plans for Africa

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<p>At the Africa Investment Forum in Sandton, Gregory Boyd, Managing Director, AFCORP, told CNBC Africa’s Kopano Gumbi that he sees the forum primarily as a networking opportunity to meet and work with institutional investors and to identify high quality investment projects. They also spoke about the changing landscape of investment projects, and more.</p>


Africa Investment Forum: AFCORP’s Gregory Boyd on Africa’s changing investment landscape

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<p>The Atha Group is developing an iron ore project in Limpopo Province in South Africa. Director Praveer Triphathi told CNBC Africa’s Kopano Gumbi that he was at the Africa Investment Forum to meet with financial institutions and private equity funders to secure funding to take the project into its Capex phase.</p>


Africa Investment Forum: Atha Group’s Triphathi gives update on the iron ore project in Limpopo

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<p>The Africa Investment Forum is an important platform for business promoters to come together with international and African investors, Nigerian businessman Abdul Samad Isyaku Rabiu, the Founder of the BUA Group told CNBC Africa’s Kenneth Igbomor. He explained how the forum makes it possible for deals to be done much more quickly than under normal circumstances.</p>


Africa Investment Forum: BUA’s Abdul Samad Isyaku Rabiu on the importance of such an investment platform

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<p>From Tanzania, and also operating in Kenya and Uganda, is Advent Construction. The company’s managing director and YPO Tanzania member Dhruv Jog is attending the Africa Investment Forum in Sandton. He to CNBC Africa’s Chris Bishop about the opportunities for deal flow offered by the Forum, the interest of North American multinationals in investing in the continent, as well as the construction sector and infrastructure development.</p>


Africa Investment Forum: Dhruv Jog on East Africa’s construction industry outlook

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<p>The US Trade and Development Agency leads the entrance of American companies into very different international markets, of which Africa is one. Acting Director of the TDA, Tom Hardy spoke to CNBC Africa’s Karabo Letlhatlha about the reasons why Africa is an important investment destination for American companies, in industries as diverse as the power sector, cloud computing and pharmaceuticals.  They also spoke about the Africa Investment Forum as a marketplace for deals, and tools to support American investment into Africa.</p>


Africa Investment Forum: TDA’s Tom Hardy on why Africa is an important investment destination for American companies

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<p>At the recent World Economic Forum for Africa, the role of Science, Technology, Engineering, and Mathematics (STEM) education in driving Africa&#8217;s journey towards the Fourth Industrial Revolution (4IR) was widely debated. The Africa Science Week has been one practical way of bridging the gap towards the Fourth Industrial Revolution. CNBC Africa&#8217;s Arnold Kwizera caught up with Managing Director of the Next Einstein Forum, Nathalie Munyampenda for more.</p>


Understanding the role of STEM education ahead of NEF Africa Science Week


<p><strong>By Valter Adão, Chief Digital and
Innovation Officer, Deloitte Africa</strong></p>



<p>The machines are coming for our jobs. This is a
dystopian vision of the future of work popularised by the media and perpetuated
in boardrooms across the globe.</p>



<p>South Africa is not immune from this misperception and
here it has created a climate of fear and paralysis. &nbsp;Leaders, both civic and corporate, hesitate to
encourage and incentivise the very digitalisation needed to sustain and grow
our economies out of a misguided fear of job losses and the ensuing civil
backlash.</p>



<p>Ironically, the exact efforts to protect jobs from
technology may end up being the biggest cause of job losses in the future.
Because, without a shift to a Fourth Industrial Revolution (4IR) mindset,
businesses will progressively become less competitive against their global
peers, eroding their economic relevance and the jobs they sustain. </p>



<p>Decision makers, therefore, need the courage to embrace
the paradox that while jobs might be subsumed by technology, only technology
will be able to create new ones.</p>



<p>Yes, automation and cognitive technologies will
eliminate jobs; mostly in search of improved efficiencies and productivity, and
to some extent to reduce reliance on expensive, rare and specialised skills. It
is futile and economically reckless to think otherwise.</p>



<p>The good news is that these same technologies will create
demand for new skills and new jobs. The World Economic Forum (WEF) conducted an
extensive study, leveraging insights from business leaders cumulatively
responsible for 15 million people across a variety of sectors, skills and
seniority levels globally. The study concluded that for every job that is lost
to 4IR popularised technologies, 1.7 jobs will be created.</p>



<p>The consequent economic knock-on effects of these new
jobs, although not quantified, would undoubtedly be significant and further
contribute to net employment.</p>



<p>Unfortunately, the net new jobs will mostly remain in
the domain of the educated and available to those with the means to access and
afford the cost of sourcing new 4IR-related skills.</p>



<p><strong>Green shoots</strong></p>



<p>There are, however, green shoots of positive developments,
led by a new breed of digitally literate entrepreneurs. They have not
“invented” the technology, but instead leverage technology platforms to create
self-employment and economic sustainability. These digitally literate
entrepreneurs, many of them running micro-businesses, are creating employment
and economic activity in lower income level segments in the following key
areas:</p>



<p><strong>1. Distributed value chains</strong></p>



<p>Distributed value chains involve a category of people
who are generally unemployed or under-employed and are able to fulfil a
last-mile service gap by trading in their skills or available time. These
platforms link people with capacity and/or skills constraints to people with
the time and skills needed. This is done in a way that is dignified, safe,
peer-reviewed for quality of service, and enables higher wages compared to
traditional constructs. These platforms have been effective at creating jobs in
developed, low-unemployment economies. Their contribution to employment is
proven, significant and immediately tangible.</p>



<p><strong>2. Collaborative consumption</strong></p>



<p>It is often impossible for small organisations or
individuals to justify the ownership of an asset because of affordability, or
the ability to use the full capacity of the asset. The converse applies in
which access to the asset through a sharing mechanism enables the same benefit
as asset ownership. For example, digital platforms, such as Nigerian start-up
Hello Tractor, that provide access to key equipment on a pay-per-use basis
allow companies and individuals to reap economic benefits from utilising
technology without the associated costs of owning the equipment.</p>



<p>This in turn enhances efficiencies and competitiveness
of small organizations and levels the playing field for them in relation to
large ones. Collaborative consumption has many forms and different levels of
sophistication. At the extremes of technology, companies like 3D Hubs enable
the collaborative consumption of 3D printers, allowing the 3D printer to become
a shareable asset within its community.</p>



<p><strong>3. Digital economic catalysts</strong></p>



<p>Digital platforms increase levels of transparency,
which combined with the network effect of connecting communities and
frictionless transaction flow, is reviving sectors that have lost their appeal
due to a lack of transparency, reduced levels of trust and relevance to
specific demographic groups, and tedious or complex manual processes. These
sectors are being revived by digital platforms that economically empower
micro-entrepreneurs – or allow them to further empower other
micro-entrepreneurs. StokFella and Livestock Invest are good examples of
platforms that have shaken up entrenched concepts.</p>



<p>Digital technologies present both risks and potential.
The way forward is not fixed nor will it be easy, but with the right leaders,
and a mindset of urgency, curiosity and a preparedness to challenge existing
paradigms, we have a good chance of achieving an abundant future.</p>



<p>We also need citizens and entrepreneurs that see
opportunity in this new era open to doing things that have never been done
before – in ways not previously considered, leveraging technology never before
available.</p>


Op-Ed: Why leaders need to embrace, not fear, the digitised future of work

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<p>With the Fourth Industrial Revolution taking centre stage, organisations need to prepare themselves for what&#8217;s coming next as well as overcoming challenges between people and machines. Valter Adão, Chief Digital and Innovation Officer at Deloitte joins CNBC Africa for more.</p>


Is your organisation ready for the future of work?

By <span><a href="https://theconversation.com/profiles/alison-gillwald-458374">Alison Gillwald</a>, <em><a href="http://theconversation.com/institutions/university-of-cape-town-691">University of Cape Town</a></em></span>

<p>In the three short years that the <a href="https://www.weforum.org/">World Economic Forum (WEF</a>) has been punting the concept of the Fourth Industrial Revolution (4IR) as the route to prosperity for digitally savvy nations, it has become global policy conventional wisdom. </p>

<p>South Africa has <a href="https://www.timeslive.co.za/politics/2019-05-25-in-full-president-cyril-ramaphosas-inauguration-speech/">not been immune </a>to the hype. The government has shifted its focus and resources to the 4IR. And it’s been prioritised over more mundane, but essential, policy interventions aimed at ensuring the more equitable inclusion of the populace into a modern, digital economy. </p>

<p>This diversion of resources is not by government only. International donor agendas and funding have pivoted to the 4IR. This has mostly been to Artificial Intelligence (AI). In the process, critical research on creating the necessary conditions in developing countries for inclusive digital economies and societies, and implementation projects, have been left stranded. These would include ensuring broadband extension, affordable access, education and digital skills.</p>

<p>Without public investment in independent, local multidisciplinary digital policy research there has been no base to prepare policy makers for 4IR. Public interest research in this area has long been dependent on the vagaries of donor funding. It is therefore not surprising that South Africa relies on the blueprints of international lobbies, global industry associations and private foundations representing the interests of what have become global monopolies.</p>

<p>Government’s response to the lack of policy research on 4IR has been the <a href="https://www.csir.co.za/south-africa-and-world-economic-forum-announce-intention-establish-4ir-affiliate-centre">establishment</a> of the WEF Centre for the 4IR based at the Council for Scientific and Industrial Research (CSIR). </p>

<p>Various government departments have developed policies in their sectoral silos. But there is no overarching digital policy to achieve the co-ordination required across the state and between the public and private sectors. </p>

<p>A <a href="https://www.dtps.gov.za/index.php?option=com_content&amp;view=article&amp;id=811:president-cyril-ramaphosa-appoints-commission-on-fourth-industrial-revolution&amp;catid=13&amp;Itemid=138">commission appointed</a> by President Cyril Ramaphosa earlier this year is meant to provide some of this overview. Can it, with the industry-dominated working groups, provide a public interest outcome? And why are the industry-led working groups replicating the protracted six-year integrated White Paper process that has yet to be implemented? </p>

<h2>Wrong assumption</h2>

<p>The <a href="https://theconversation.com/south-africa-is-caught-in-the-global-hype-of-the-fourth-industrial-revolution-121189">adoption by South Africa</a> of 4IR models and policy designed by WEF partner consultants is based on a number of assumptions that don’t apply to developing countries. These include mature, competitive markets and functioning democracies, capable institutions and educated and healthy populations. As a result, the proposed policies are unlikely to contribute to economic growth, job creation and the empowerment of women envisaged by President Ramaphosa in his <a href="https://www.timeslive.co.za/politics/2019-05-25-in-full-president-cyril-ramaphosas-inauguration-speech/">inaugural address</a>.</p>

<p>Unlike most other African countries, South Africa has already developed some cutting-edge public and private sector 4IR technologies. The CSIR, for example, owns the largest 3D <a href="https://www.google.com/url?sa=t&amp;rct=j&amp;q=&amp;esrc=s&amp;source=web&amp;cd=3&amp;cad=rja&amp;uact=8&amp;ved=2ahUKEwidtY7zkMbjAhV1XRUIHf_3C6sQFjACegQIDBAI&amp;url=https%3A%2F%2Fwww.businessinsider.co.za%2Fsouth-africas-largest-3d-printer-is-so-big-that-it-takes-up-to-r75-million-in-titanium-powder-to-fill-it-2018-7&amp;usg=AOvVaw0PC-BT-RfE83aFHkfVIjKd">printer</a>.</p>

<p>But public investments have done little to deal with the country’s extreme digital inequality. The productive use of these enabling new technologies is only being enjoyed by a relatively small elite. Half of the country’s population doesn’t have even basic access. And for those barely online due to affordability or skills challenges, digital use is <a href="https://researchictafrica.net/after-access-south-africa-state-of-ict-2017-south-africa-report_04/">entirely consumptive</a>.</p>

<h2>Uneven disruptions</h2>

<p>There is little doubt that the inevitable rise of the advanced technologies of artificial intelligence, blockchain and drones will disrupt economies and societies. But when this happens, the degree to which it will happen will be highly uneven. Like other industrial revolutions, this one will be characterised by evolution as much as by disruption. Unless something dramatically different is done, one of the continuities will be the perpetuation of inequality. And the primary determinant of inclusion is education and digital skilling.</p>

<p>The layering of advanced technologies over existing inequalities won’t contribute to digital inclusion. It will simply worsen inequality within and between nations. How quickly South Africa is able to redress existing inequalities will determine the degree to which it is able to harness the potential benefits of advanced technologies for equitable development. </p>

<p>This is not to suggest that South Africa should eschew all international good practice. The country’s shortage of resources, particularly skills and expertise, requires it to use private investments for the delivery of public goods such as the Internet. But this doesn’t mean abdicating digital policy to the private sector, international or domestic. </p>

<p>And 4IR is distracting government from the unfinished business of previous policy and institutional failures, as well as regulatory bottlenecks. While government continues to deal with digital policy in sectoral silos it will not be able to deal with the cross-cutting nature of “digitisation” and “datafication” of the economy and society.</p>

<h2>What’s needed</h2>

<p>To fulfil its social contract with the citizenry, South Africa requires a capable state. The state must create the enabling conditions for the public and private sector to harness the opportunities arising from technological developments. </p>

<p>But to do so it must complete the multitude of policies and regulations that have not been implemented, or are not been implemented according to policy intent. Examples include the five-years-overdue connectivity for all public buildings and installation of public wi-fi at them. Another is a decade-long failure to release high-demand spectrum. And there’s the incomplete market concentration review as well as the two-decade failure to complete the digital migration. </p>

<p>It is true that the country can’t wait around while this being done. Integration into the global economy is happening at a faster and faster pace. But it’s not automatically beneficial. What’s needed is data and analysis to inform policy through genuinely consultative multistakeholder processes that represent the diverse interests and expertise within the country. Otherwise South Africa won’t be included on its own terms or on those of its partners.</p>

<p>South Africa needs to institutionalise digital data gathering together with the national statistical system which underpins multidisciplinary policy research in its universities and policy formulation. Only then will it be able to develop organic, alternative policy and regulatory strategies to those that have failed in developing country contexts. </p>

<p>To this end public investment in universities is needed. This will enable knowledge and skills to be developed to undertake research and implement policy. </p>

<p>This will necessitate a shift from the sectoral silos in which digital policy has traditionally been formulated. In its place a national policy enabling the necessary integration is required across the public sector. In addition, there needs to be coordination between the public and private sectors.</p>

<p>Governments have no control over the biggest players operating in their jurisdictions. These near-monopoly global platforms are largely unaccountable to anyone. Platforms that are offering millions of people social value services are also – wittingly or not – exposing them to mass surveillance, public and private. This is popularly referred to as <a href="https://www.google.com/url?sa=t&amp;rct=j&amp;q=&amp;esrc=s&amp;source=web&amp;cd=13&amp;ved=2ahUKEwjAk93rj7DkAhVR_KQKHWZjD0sQFjAMegQIABAB&amp;url=https%3A%2F%2Fwww.theguardian.com%2Ftechnology%2F2019%2Fjan%2F20%2Fshoshana-zuboff-age-of-surveillance-capitalism-google-facebook&amp;usg=AOvVaw3t-BRvhH70kImuASnSrF6i">“surveillance” capitalism</a>.</p>

<p>So at the same time as creating affordable access to the internet, South Africa must find ways of effectively mitigating risks and preventing potential harm. Two events have brought this into sharp relief. The first was the attack on national databases. The second was the <a href="https://www.google.com/url?sa=t&amp;rct=j&amp;q=&amp;esrc=s&amp;soure=web&amp;cd=14&amp;cad=rja&amp;uact=8&amp;ved=2ahUKEwiAzNzyoKjjAhVESBUIHTOrD10QFjANegQIBBAB&amp;url=https%3A%2F%2Fwww.wired.com%2Fstory%2Fcambridge-analytica-facebook-privacy-awakening%2F&amp;usg=AOvVaw3QIR7DyGAADiTAv3-8Ed11">Cambridge Analytica</a> debacle. This involved the personal details of approximately 60 million South African Facebook users being exposed.</p>

<p>South Africa does not have the luxury of dealing with these problems  sequentially. Adaptive regulation is needed to ensure the country reaps the benefits of digitalisaition and datafication that will integrate it more into the global economy. And limiting harms will require complex, adaptive regulation. </p>

<p>This will be a challenge for the country’s historically weak sectoral policy and regulatory institutions. It will also require cross-sectoral coordination between communications, international affairs, trade, defence, science and technology.<img loading="lazy" decoding="async" src="https://counter.theconversation.com/content/121191/count.gif?distributor=republish-lightbox-basic" alt="The Conversation" width="1" height="1" style="border: none !important; box-shadow: none !important; margin: 0 !important; max-height: 1px !important; max-width: 1px !important; min-height: 1px !important; min-width: 1px !important; opacity: 0 !important; outline: none !important; padding: 0 !important; text-shadow: none !important" /></p>

<p><span><a href="https://theconversation.com/profiles/alison-gillwald-458374">Alison Gillwald</a>, Adjunct Professor, Nelson Mandela School of Public Governance, <em><a href="http://theconversation.com/institutions/university-of-cape-town-691">University of Cape Town</a></em></span></p>

<p>This article is republished from <a href="http://theconversation.com">The Conversation</a> under a Creative Commons license. Read the <a href="https://theconversation.com/south-africa-must-harness-technology-in-a-way-that-helps-fix-its-problems-121191">original article</a>.</p>

How can South Africa harness technology in a way that helps fix its problems?

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<p>Fourth Industrial Revolution (4IR) and the internet of things, A.I were noted as the main drivers of innovation and future economies at the recent World Economic Forum. For that to happen, availability of internet infrastructure is key. CEO of one of the major providers of internet infrastructure in Africa, Seacom, Byron Clatterbuck joins CNBC Africa for more.</p>


Seacom looks inland in internet infrastructure expansion across Africa

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<p>African companies are urged to future proof their businesses for the breakthrough of new technologies that are being brought on by the Fourth Industrial Revolution (4IR). For more on unlocking Africa’s business strategies for Industry X.O, Kabelo Makwane, Managing Director of Accenture Operations in Africa joins CNBC Africa for more.</p>


Why technology is a pivotal tool for businesses to store leverage data

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<p>With the coming of the Fourth Industrial Revolution (4IR), the impact of A.I and tech is expected across various industries. Our own, the media industry won&#8217;t be shielded from this revolution. To discuss the future of media and upcoming trends, Dr. Laila Macharia, Founder and CEO of Africa Digital Media Academy in Nairobi joins CNBC Africa for more.</p>


Where the future of media trends are heading

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<p>CNBC Africa spoke with the Chairperson of Transnet, Popo Molefe about the challenges that face the industry due to advancements that have been brought on by the fourth industrial revolution.</p>


Popo Molefe on challenges facing SA’s railway industry

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<p>As the World Economic Forum on Africa focuses on shaping inclusive growth and shared futures in the Fourth Industrial Revolution – to explore ways the continent can mitigate headwinds like xenophobia to advance trade in its shared future, Commissioner for Trade and Industry at the African Union Commission (AUC), Albert Muchanga joins CNBC Africa&#8217;s Chris Bishop and Kenneth Igbomor for more.</p>


Albert Muchanga on how mutual tolerance is key in trade, xenophobia & Africa’s shared future

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<p>There have been numerous headlines coming out of the country this week. Rwanda will name 25 baby gorillas during the 15th edition of the annual naming ceremony; Kwita Izina. Moreover, 28th World Economic Forum on Africa will take place from the 4th to 6th September in Cape Town, with key conversations on inclusive growth in the Fourth Industrial Revolution. Finally, Makutano Forum is set to happen in the DRC to boost growth and competitiveness. Arnold Kwizera joins CNBC Africa for more.</p>


Rwanda to name 25 baby gorillas in 15th Kwita Izina ceremony

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<p>The World Economic Forum (WEF) held a pre-meeting press conference with South Africa&#8217;s Minister of Finance, Tito Mboweni. CNBC Africa’s Head of Programming Chris Bishop unpacks events that unfolded.</p>


4ir

Africa Investment Forum: Ambroise Fayolle outlines EIB’s plans for Africa

Africa Investment Forum: AFCORP’s Gregory Boyd on Africa’s changing investment landscape

Africa Investment Forum: Atha Group’s Triphathi gives update on the iron ore project in Limpopo

Africa Investment Forum: BUA’s Abdul Samad Isyaku Rabiu on the importance of such an investment platform

Africa Investment Forum: Dhruv Jog on East Africa’s construction industry outlook

Africa Investment Forum: TDA’s Tom Hardy on why Africa is an important investment destination for American companies

Understanding the role of STEM education ahead of NEF Africa Science Week

Op-Ed: Why leaders need to embrace, not fear, the digitised future of work

Is your organisation ready for the future of work?

How can South Africa harness technology in a way that helps fix its problems?

Seacom looks inland in internet infrastructure expansion across Africa

Why technology is a pivotal tool for businesses to store leverage data

Where the future of media trends are heading

Popo Molefe on challenges facing SA’s railway industry

Albert Muchanga on how mutual tolerance is key in trade, xenophobia & Africa’s shared future

Rwanda to name 25 baby gorillas in 15th Kwita Izina ceremony

Shaping inclusive growth and shared futures in 4IR: WEF Africa holds media briefing ahead of WEF 2019

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4ir

Africa Investment Forum: Ambroise Fayolle outlines EIB’s plans for Africa

Africa Investment Forum: AFCORP’s Gregory Boyd on Africa’s changing investment landscape

Africa Investment Forum: Atha Group’s Triphathi gives update on the iron ore project in Limpopo

Africa Investment Forum: BUA’s Abdul Samad Isyaku Rabiu on the importance of such an investment platform

Africa Investment Forum: Dhruv Jog on East Africa’s construction industry outlook

Africa Investment Forum: TDA’s Tom Hardy on why Africa is an important investment destination for American companies

Understanding the role of STEM education ahead of NEF Africa Science Week

Op-Ed: Why leaders need to embrace, not fear, the digitised future of work

Is your organisation ready for the future of work?

How can South Africa harness technology in a way that helps fix its problems?

Seacom looks inland in internet infrastructure expansion across Africa

Why technology is a pivotal tool for businesses to store leverage data

Where the future of media trends are heading

Popo Molefe on challenges facing SA’s railway industry

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