Africa at WEF 2025: Shaping the continent's destiny
The World Economic Forum on Africa is tackling a pivotal issue this year: 'Connecting Africa's Resources through Digital Transformation'. This theme explores how digital transformation can propel economic growth, enhance livelihoods, and foster a more sustainable future for Africa. CNBC Africa’s Godfrey Mutizwa sat down with Punki Modise, Chief Strategy and Sustainability Officer at Absa Group.
Thu, 23 Jan 2025 16:26:52 GMT
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AI Generated Summary
- The importance of finding common solutions and tangible progress in addressing challenges faced by Africa.
- The opportunity for Africa to lead in digital transformation due to its young population and rich mineral resources.
- The significance of cost-effectiveness and leveraging existing investments to drive digitization and promote societal well-being.
The World Economic Forum on Africa is currently addressing a crucial issue in 2025: how to connect the resources of the continent through digital transformation. This theme aims to explore how digital advancements can drive economic growth, improve livelihoods, and promote a more sustainable future for Africa. CNBC Africa's Godfrey Mutizwa recently spoke with Punki Modise, the Chief Strategy and Sustainability Officer at Absa Group, to delve deeper into this topic. Modise emphasized the importance of finding common solutions to challenges and making tangible progress. She highlighted the opportunity for Africa to lead in the digital transformation space due to its young population and abundant critical minerals necessary for technological advancements.
When discussing the theme of collaboration for the intelligent age at this year's forum, Modise emphasized the significance of cost-effectiveness for the continent. With digitization offering cost-effective solutions, Africa can leverage investments made by other countries and capitalize on the available opportunities for the greater good of society. The forum is also focusing on sub-themes such as reimagining growth and the impact of technology on shaping industries of the future.
The potential for Africa to dominate the digital transformation agenda is clear, especially with its rich mineral resources and youthful population that is tech-savvy. By harnessing these advantages and promoting collaboration in the digital space, Africa can position itself as a leader in the global technological landscape.
As discussions continue at the World Economic Forum on Africa, stakeholders are encouraged to explore innovative ways to drive digital transformation, spur economic development, and ensure sustainable practices for the continent's future. The forum serves as a platform for meaningful dialogue and strategic partnerships that can propel Africa towards a brighter and more prosperous tomorrow.