27/12/2022
4 Thing Africa should Improve and develop in 2023
Africa is growing and developing in some of their economic, with business environments improving, regional integration centered around the African Continental Free Trade Agreement progressing, and the transformational technologies of Fourth Industrial Revolution spreading, never before has the region been better primed for trade, investment, and mutually beneficial partnerships.
1. Voting wisely: The most important thing Africa Should ensure is voting their president and government of their country wisely, is a country really want to develop their leader must be honest and faithful. Without this all-other statement or words of encouragement is nothing. (But always remember that no is perfect)
2.Job creation, skills development, and urbanization policies: Among the top challenges facing the continent continues to be the mismatch between demographic trends and job creation. With rapid population growth and urbanization, African leaders must fashion and implement policies to encourage job creation and maintain service delivery.
Structural change is taking place in Africa, but with a pattern that is distinct from the historical experience of industrialized countries and contemporary East Asia. Export-led manufacturing is playing a much smaller role in the structural transformation of Africa’s economies. In fact, on average, the share of manufacturing in Africa’s GDP has fallen since 1980.Instead, services—some with quite low productivity—absorb the bulk of African workers leaving agriculture and moving to cities. These changes reflect the impact of technological progress, a changing global marketplace, and natural resource endowments on Africa’s industrialization prospects.
For Example, South Africa has been in a low-growth trap since the onset of democratic rule in 1994. Between 1994 and 2017, real GDP per capita grew at an average rate of only 1 percent per year. As a result, the country has achieved only modest reductions in household poverty levels, coupled with high and rising inequality. The labor market is a primary driver of inequality, as there are a significant number of zero earners in the income distribution, marked prominently by high youth unemployment rates. South Africa’s youth unemployment rate—at close to 40 percent in 2022, Like in many countries across Africa, South Africa’s current growth path has failed to provide sufficient jobs for the low-skilled unemployed. The post-apartheid South African economy has been characterized by an eroding primary sector and a stagnant manufacturing sector—a concerning trend.
3.A regional and national agenda (technologies): African countries face numerous health challenges exacerbated by climate change, limited physical infrastructure, and a lack of qualified professionals. 4IR technology can help mitigate these threats and build sustainable health care systems, especially in fragile states.
Mobile technology has become a platform for improving medical data and service delivery: About 27,000 public health workers in Uganda use a mobile system called mTrac to report medicine stocks. The SMS for Life program, a public-private partnership, reduces medicine shortages in primary health care facilities by using mobile phones to track and manage stocks levels of malaria treatments and other essential drugs. It does not appear that Africa has yet claimed the 21st century, as it still lags behind in several indicators essential for a successful digital revolution
Rwanda became the first country to incorporate drones into its health care system, using autonomous air vehicles to deliver blood transfusions to remote regions. Technology has also improved disaster response: During the West African Ebola outbreak in 2014, WhatsApp became an easy method of dispersing information, checking symptoms, and communicating under quarantine.
However, Africa build their first Robot in 2022 Somewhere in Mabuchi, a crossroad area between the inner and outer districts of Abuja, Nigeria, UNICCO Group, a two-year-old Nigerian technology firm, has built a humanoid: a 6-foot-tall multilingual human-like robot called Omeife. From an idea that was conceptualized in 2020 to a back-and-forth construction—slow wins and quick-succession learning—that stretched across two years, Omeife, built as a female Igbo character that understands and speaks eight different languages, is now a product ready to meet the world.
4. Makes the global governance system work better for Africa: The provision of global public goods (GPG)—such as mitigating climate change, fighting tax avoidance, or preserving and extending fair rules-based international trade—is even more important for Africa than for other parts of the world. And yet, Africa could be sidelined from the decision-making process for the foreseeable future in a global governance system dominated by the G-2 (the United States and China) or the G-3 (should the European Union succeed in acting cohesively).
Mitigating climate change: A prime example of a GPG in which Africa has an outsized stake is climate protection given the region’s high exposure to climate change. In fact, according to the Intergovernmental Panel on Climate Change, given Africa’s geographic position, high dependence on ecosystem goods and services, and weak adaptation capacity, no continent is more vulnerable to the effects of climate change that come with worsening drought conditions, increased water stress, and sea level rise. (For more on the impacts of climate change on Africa.
Protecting corporate tax bases: Given Africa’s challenge with domestic resource mobilization, another important example of a GPG for the region is the protection of corporate tax bases—in other words, preventing large corporations from shifting their accounting profits to the countries with the lowest tax rates.
Ensuring a fair and stable system for international trade: trade-dependent economies where export-led strategies are necessary for economic success, a fair and stable system of rules governing international trade is a third example of a GPG vital for Africa. Sidelining the World Trade Organization would not be in the interest of African countries. In these as well as other domains of global governance, Africa’s mostly small nation-states have a great interest in a rules-based multilateralism rather than an international order based on ad hoc “deal-making,” where the very large players can exert their weight in each case.
Reporter: -pelumiupdate.com.ng
