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Challenges and Opportunities in Africa
A case of a Digital Economy Blueprint
8 - 9 September 2020 Live Online Eventfor ECO...
The global economy a year ago was projected to slow
down amid rising trade barriers, increasing geopolitical
tensions and ...
The health crisis of Covid-19 took
the world by storm in 2020! with
countries world over are struggling to
stablise their ...
The impact of Covid-19 is likely to be
severe on all world economies, and it
will hit harder in many countries
No easy exist from current uncertain
economic situation
Covid-19 impact in Africa is going to be
significantly large, wiping out most of
the gains made in reaching SDG goals
International readings indicate a
decline in GDP per capita in all African
countries, and an economic
contraction exceedin...
Best case scenario = 4 years;
Worst case scenario = 10 years,
to reach 2019 levels
Africa’s population is set to double in the next 30
years, with > 450 million in “working age” + another
400 million young...
Urbanization in Africa is forecasted to
increase to around 58% in the coming
30 years; putting further stress on
already i...
Price of powering a refrigerator for a year
as % of GDP per capita.. is more expensive
than the refrigerator!
Lots of resource crunch expected in African
countries in relation to food, water, power,
jobs, infrastructure, health, edu...
If current and future requirements are not
dealt with seriously, then issues may
accelerate into catastrophic consequences
Industries Without SmokeStacks (iWOSS);
a term that differentiates between
traditional and contemporary industries
iWOSS showcases that ICT offers enormous opportunities
by creating new industries like business services, tradable
service...
Global challenges need more
creativity and innovation if we
are serious to create impact!
The emergence of (iWOSS) industries will create
new jobs, lead to higher value-add per worker
and significantly contribute...
iWOSS industries could contribute close to
$1 trillion to GDP in Africa by 2030
Needs for plan..
or otherwise opportunities
will remain theories.
The Arab Economic Unity Council initiative is
designed to support better comprehension
and prioritization of economic deve...
The proposed blueprint bases its plan on
the effective utilization of 4th industrial
revolution technologies to address
ex...
7
Proposed Blueprint Architecture
Key recommendations included the need to establish
Digital Single Market in ECOWAS countries that
should accelerate the im...
Another critical recommendation was of the need to
develop a regulatory framework to stand as an
enabler to attract invest...
Today’s challenges cannot be
addressed with classical approaches..
because they will just not work!
https://www.youtube.com/watch?v=ajF-p2Gfc70
Email: alkhouriali@gmail.com
Slide Share: www.slideshare.net/alkhouri
Academia: http://independent.academia.edu/DrAliAlKho...
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A keynote delivered at Seamless East Africa - Virtual

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Challenges and Opportunities in Africa: A case of a Digital Economy Blueprint for ECOWAS Countries

  1. 1. Challenges and Opportunities in Africa A case of a Digital Economy Blueprint 8 - 9 September 2020 Live Online Eventfor ECOWAS Countries
  2. 2. The global economy a year ago was projected to slow down amid rising trade barriers, increasing geopolitical tensions and policy uncertainty
  3. 3. The health crisis of Covid-19 took the world by storm in 2020! with countries world over are struggling to stablise their economies
  4. 4. The impact of Covid-19 is likely to be severe on all world economies, and it will hit harder in many countries
  5. 5. No easy exist from current uncertain economic situation
  6. 6. Covid-19 impact in Africa is going to be significantly large, wiping out most of the gains made in reaching SDG goals
  7. 7. International readings indicate a decline in GDP per capita in all African countries, and an economic contraction exceeding half a trillion dollar.
  8. 8. Best case scenario = 4 years; Worst case scenario = 10 years, to reach 2019 levels
  9. 9. Africa’s population is set to double in the next 30 years, with > 450 million in “working age” + another 400 million young population joining the workforce.. THE CHALLENGE IS HUGE
  10. 10. Urbanization in Africa is forecasted to increase to around 58% in the coming 30 years; putting further stress on already inadequate infrastructure
  11. 11. Price of powering a refrigerator for a year as % of GDP per capita.. is more expensive than the refrigerator!
  12. 12. Lots of resource crunch expected in African countries in relation to food, water, power, jobs, infrastructure, health, education, etc.
  13. 13. If current and future requirements are not dealt with seriously, then issues may accelerate into catastrophic consequences
  14. 14. Industries Without SmokeStacks (iWOSS); a term that differentiates between traditional and contemporary industries
  15. 15. iWOSS showcases that ICT offers enormous opportunities by creating new industries like business services, tradable services, transport and logistics services, that all together can fuel and boost economic systems.
  16. 16. Global challenges need more creativity and innovation if we are serious to create impact!
  17. 17. The emergence of (iWOSS) industries will create new jobs, lead to higher value-add per worker and significantly contribute to overall GDP
  18. 18. iWOSS industries could contribute close to $1 trillion to GDP in Africa by 2030
  19. 19. Needs for plan.. or otherwise opportunities will remain theories.
  20. 20. The Arab Economic Unity Council initiative is designed to support better comprehension and prioritization of economic development priorities in ECOWAS countries.
  21. 21. The proposed blueprint bases its plan on the effective utilization of 4th industrial revolution technologies to address existing economic and social challenges
  22. 22. 7 Proposed Blueprint Architecture
  23. 23. Key recommendations included the need to establish Digital Single Market in ECOWAS countries that should accelerate the implementation of eTrade and eCommerce programs in the region..
  24. 24. Another critical recommendation was of the need to develop a regulatory framework to stand as an enabler to attract investment into the region; that should protect both consumers and investors.
  25. 25. Today’s challenges cannot be addressed with classical approaches.. because they will just not work!
  26. 26. https://www.youtube.com/watch?v=ajF-p2Gfc70
  27. 27. Email: alkhouriali@gmail.com Slide Share: www.slideshare.net/alkhouri Academia: http://independent.academia.edu/DrAliAlKhouri @DrAliAlKhouri Professor Dr. Ali M. Al-Khouri Advisor, Government of Guinea Advisor, Arab Economic Unity Council Chairman, Arab Federation for Digital Economy League of Arab States www.arab-digital-economy.org

A keynote delivered at Seamless East Africa - Virtual

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