• Business
  • Markets
  • Politics
  • Crypto
  • Finance
  • Intelligence
    • Policy Intelligence
    • Security Intelligence
    • Economic Intelligence
    • Fashion Intelligence
  • Energy
  • Technology
  • Taxes
  • Creator Economy
  • Wealth Management
  • LBNN Blueprints
  • Business
  • Markets
  • Politics
  • Crypto
  • Finance
  • Intelligence
    • Policy Intelligence
    • Security Intelligence
    • Economic Intelligence
    • Fashion Intelligence
  • Energy
  • Technology
  • Taxes
  • Creator Economy
  • Wealth Management
  • LBNN Blueprints

Fourth Industrial Revolution, Africa again been left behind

Simon Osuji by Simon Osuji
May 24, 2024
in Technology
0
Fourth Industrial Revolution, Africa again been left behind
0
SHARES
4
VIEWS
Share on FacebookShare on Twitter

    • Africa must invest in human development to catch up to the 4IR
    • There is a need for policy commitment to developing Africa’s human resources.
    • Investing in education is the only way Africa will catch up to the 4IR.

    Fourth Industrial Revolution

    The Fourth Industrial Revolution (4IR) is in progress, and Africa has been left behind. Digitalization is the core of the Fourth Industrial Revolution (4IR), which includes innovations like artificial intelligence (AI), cloud computing, robotics, and 3D printing, to name a few digital technologies.

  • With the majority of its workforce unskilled, Africa is again left behind. At the same time, the rest of the World moves forth in the fourth Industrial Revolution (4IR).“African countries must support skills training and put in place the right policies to tap the benefits of the fourth Industrial Revolution,” advises Raymond Gilpin.The economist believes that by investing in its most significant resource, Africa can strategically catch up with the Fourth Industrial Revolution (4IR).It requires dedicated policymaking focused on raising a generation of skilled labour capable of participating in and innovating digital revolutions in all sectors. By investing in transforming its human skills, Africa can reap the rewards of the 4IR in the coming decades.” The fourth industrial revolution is not exclusively about industrialization in Africa; it is about how a shift in the adoption of technology could disrupt, revitalise, and influence exponential growth,” the economist explained.

    Read Also: Integrating Adoption of  Artificial Intelligence in healthcare

  • Sharing similar sentiments, Mavis Owusu-Gyamfi, Executive Vice President of the African Center for Economic Transformation (ACET), says,”…the fourth industrial revolution requires a rethink on adopting new technologies, which is an opportunity, not a threat.”

    “We like to talk about progress, but what we have done is leapfrog from low-productive agriculture to low-productive services. That will not generate the jobs we desperately need,” the ACET executive vice president cautions. He warned that African policymakers need a deeper understanding of the 4IR to harness its benefits. Additionally, he said that; “Much of Africa is reverting in transformation, according to ACET’s recently launched Africa Transformation Index.”

    Labour skills required to scale-up fourth industrial revolution

  • Research covered 30 countries representing 86.5% of the continent’s GDP and revealed that transformation challenges facing Africa include low labor productivity, mainly due to low skill levels. 
  • Mavis Owusu-Gyamfi, Executive Vice President of the African Center for Economic Transformation (ACET), noted that there is a dire mismatch between skills and education systems in Africa. Africa is producing a labour force that needs to meet what companies need. In the future, this disparity will only worsen as the continent experiences a population explosion that needs to be trained to meet the skill levels of the 4IR.Despite its current export increase, Africa needs to diversify its export products to match the global competitiveness of other third-world countries.

    Only by investing in skills development can Africa hope for accelerated industrialisation and a chance to reverse its profound low-skill labor force.

    “Additionally, Africa needs to invest in formal jobs that can be scaled up, and improve the quality of service to be globally competitive,” comments Natalie Jabangwe, the Chief Digital Officer at Sanlam, a globally recognized financial services firm.

    Africa must put more emphasis on its people; this only happens after some time. School syllabuses must be changed and universal education provided to increase its literacy level.

  • It is not enough to have a literal population anymore; the workforce must be trained to adopt digital technologies. If the current and future generations in Africa are to get employment in the companies of the future, they must be tech-savvy.
  • He believes Africa must focus on creating what he described as ‘sustainable work of world-class platforms.’

    Understanding Africas’ manufacturing value

  • Unlike the widespread view that Africa has increased productivity as a merit of its growing economies compared to the rest of the World, the expert said that Africa’s productivity has not increased in manufacturing as purported but rather in exporting raw materials as has been the norm.

    “… Africa’s manufacturing value has declined over the past 40 years.” Noted,  Rita Babihuga-Nsanze, the Chief Economist and Director of Research and Strategy at the Africa Finance Corporation (AFC).

    According to her, in the early 1980s, manufacturing’s share of GDP was around 18%, but this value has declined to 10% of GDP as of 2011, and the trend is worsening. We are seeing a downward curve, not a growing trajectory for manufacturing.

    “This has been attributed to a lack of capital, poor infrastructure, energy and intentionality, and poor industrial policies,” she detailed.

    In her explanation, she said the AFC has promoted the establishment of Special Economic Zones (SEZs) that serve as development models for African countries to ramp up industrialization.

    However, she cautions that African policymakers must use the SEZs as models for their more extensive national productivity plans. On the contrary, she said, countries are operating as usual and leaving the SEZ models as isolated production camps.

    If Africa is to catch up to the rest of the World and, in particular, meet the requirements and benefit from the 4IR, then the SEZ models should be rolled out as national strategies.

    Understanding Industry 4.0, the Fourth Industrial Revelation

    Fourth industrial revolution
    Understanding the components of the Fourth Industrial Revolution. [Photo/redeweb.com]

  • Fourth Industrial Revolution (4IR), is seen as the next stage in the digitisation of the manufacturing sector.Pazion Cherinet, CEO and founder of OrbitHealth explains that “Encouraging trends, like increase in data and connectivity, analytics, artificial intelligence, and improvements in robotics, drive Co and Orbit Innovation Hub, the  fourth industrial revolution.”

    Read Also: Artificial intelligence (AI) could create a turning point for financial inclusion in Africa

  • He explains that Industry 4.0, refers to today’s technological era of connectivity, advanced analytics and automation in manufacturing.“The fourth industrial revolution has been changing business for years globally…this wave of transformation in the manufacturing sector started in the mid-2010 and has great potential for operations and the future of production,” writes Enno de Boer, a senior partner in the research company McKinsey.

    He explains that while steam propelled the original Industrial Revolution, electricity powered the second, and automation and machinery engineered the third, now intelligent computers are shaping the Fourth Industrial Revolution.

    “Fourth industrial revolution stands on the foudations of the Third Industrial Revolution and digital revolution which unraveled from the 1950s and to the early 2000s and brought forth computers, different kinds of electronics and, the Internet,” he writes.

    Africa has again been left behind, but there is a chance to catch up. As the experts have explained, what is needed is policy commitment to human development. Africa must invest in its people, prioritize education, and ensure that the current and coming generations are educated at par with the rest of the World, that is to say, educated in digital systems.

  • Source link

    Related posts

    AstraZeneca begins trading on the New York Stock Exchange

    AstraZeneca begins trading on the New York Stock Exchange

    February 4, 2026
    Pharma’s wins and losses in the budget bill

    Trump signs funding bill with PBM reforms, hospital-at-home and telehealth extensions

    February 4, 2026
    Previous Post

    Rosatom Announces The Results Of The 7th “Atoms Empowering Africa” Online Video Competition

    Next Post

    A wildflower is teaching the non-Native public about food sovereignty

    Next Post
    A wildflower is teaching the non-Native public about food sovereignty

    A wildflower is teaching the non-Native public about food sovereignty

    Leave a Reply Cancel reply

    Your email address will not be published. Required fields are marked *

    RECOMMENDED NEWS

    The Best Printers for Home and Office: Brother, HP, and More

    The Best Printers for Home and Office: Brother, HP, and More

    7 months ago
    Matrixport Predicts SEC will Approve Multiple Spot Bitcoin ETFs

    Matrixport Predicts SEC will Approve Multiple Spot Bitcoin ETFs

    2 years ago
    From minutes to milliseconds: How CrateDB is tackling AI data infrastructure

    From minutes to milliseconds: How CrateDB is tackling AI data infrastructure

    5 months ago
    Tax Diversification: Smart Ways to Preserve Your Nest Egg

    Tax Diversification: Smart Ways to Preserve Your Nest Egg

    11 months ago

    POPULAR NEWS

    • Ghana to build three oil refineries, five petrochemical plants in energy sector overhaul

      Ghana to build three oil refineries, five petrochemical plants in energy sector overhaul

      0 shares
      Share 0 Tweet 0
    • The world’s top 10 most valuable car brands in 2025

      0 shares
      Share 0 Tweet 0
    • Top 10 African countries with the highest GDP per capita in 2025

      0 shares
      Share 0 Tweet 0
    • Global ranking of Top 5 smartphone brands in Q3, 2024

      0 shares
      Share 0 Tweet 0
    • When Will SHIB Reach $1? Here’s What ChatGPT Says

      0 shares
      Share 0 Tweet 0

    Get strategic intelligence you won’t find anywhere else. Subscribe to the Limitless Beliefs Newsletter for monthly insights on overlooked business opportunities across Africa.

    Subscription Form

    © 2026 LBNN – All rights reserved.

    Privacy Policy | About Us | Contact

    Tiktok Youtube Telegram Instagram Linkedin X-twitter
    No Result
    View All Result
    • Home
    • Business
    • Politics
    • Markets
    • Crypto
    • Economics
      • Manufacturing
      • Real Estate
      • Infrastructure
    • Finance
    • Energy
    • Creator Economy
    • Wealth Management
    • Taxes
    • Telecoms
    • Military & Defense
    • Careers
    • Technology
    • Artificial Intelligence
    • Investigative journalism
    • Art & Culture
    • LBNN Blueprints
    • Quizzes
      • Enneagram quiz
    • Fashion Intelligence

    © 2023 LBNN - All rights reserved.