Women and youth as drivers of innovation and value creation in the digital economy in the Fourth Industrial Revolution age under the AfCFTA (Zimbabwe Institute of African Integration)

Arguments

Frida Owinga is the founder of Fashion Profit.

Supporting facts:

• Fashion Profit is a learning solutions provider.

Topics: Fashion Profit, Entrepreneurial Leadership

Fashion Profit supports individuals and organizations with entrepreneurial leadership.

Supporting facts:

• Fashion Profit is based in Nairobi, Kenya since 2009.

• Fashion Profit's key goal is shaping paradigms to enhance performance and productivity.

Topics: Educational Services, Entrepreneurship

Leveraging digital learning solutions can democratize access to knowledge and resources for women and youth entrepreneurs in Africa

Supporting facts:

• Digital learning is accessible to a wider audience and breaks down geographical barriers

• Digital technology is cost-effective and it saves time

Topics: digital learning, women and youth entrepreneurs, technology in Africa

Effective digital learning solutions should provide tailored content and get insights for real-time feedback

Supporting facts:

• Women and young people have different learning needs and digital technology enables creating tailored content

• Immediate feedback is possible in digital learning, allowing for quick modifications in content

Topics: Tailored content, Real-time feedback

AFCFTA is not an event, but a long-term agreement

Supporting facts:

• The AFCFTA Secretariat is in the process of looking at the protocols

• Life needs to go on while these protocols are being worked on by businesses themselves

Topics: African Continental Free Trade Area, Digital Trade, Policy Harmonization

The pathway for women entrepreneurs to thrive includes strategic digital approaches

Supporting facts:

• E-commerce and online marketplaces can consolidate volumes and make businesses more attractive to buyers

• Business support organizations can provide assistance with documentation and regulatory compliance

Topics: Women Entrepreneurs, Digital Strategy

Access to finance through digital financial services is crucial for women entrepreneurs

Supporting facts:

• Mobile banking and digital lending platforms provide easier access to capital

• Catalyst Investment Club helps women and youth to access affordable capital

Topics: Digital Finance, Mobile Banking, Women Entrepreneurs

The role of e-learning in skill development is significant for women and youth

Supporting facts:

• Access to online training and skill development programs tailored to women and youth is important

• Networking platforms promote learning and growth

Topics: E-Learning, Skill Development, Women and Youth

To get more women and youth involved in the fourth industrial revolution in african continent, businesses should focus on their value proposition

Supporting facts:

• Businesses should understand why they are in business and what impact they create

• Businesses should be equipped with a strategy to expand beyond their borders

• A growing business owner should have a structured and compliant business with a competent team

Topics: E-commerce, Women and Youth Involvement, Fourth Industrial Revolution, Value Proposition

Report

Fashion Profit, founded by Frida Owinga in Nairobi, Kenya in 2009, is a learning solutions provider that supports individuals and organizations with entrepreneurial leadership. Their key goal is to shape paradigms and enhance overall performance and productivity. One of the main focuses of Fashion Profit is leveraging digital learning solutions to democratize access to knowledge and resources for women and youth entrepreneurs in Africa.

Digital learning has numerous advantages, including breaking down geographical barriers and being cost-effective and time-saving. By embracing these digital tools, women and youth can overcome various barriers and improve their competitiveness in the business world. Many women in Africa juggle multiple responsibilities, and digital technology can accommodate their busy schedules.

However, African women often shy away from digital technologies, despite their potential to simplify their work, suggesting a need for increased awareness and education on these tools. The effectiveness of digital learning solutions is emphasized, with the importance of providing tailored content and obtaining real-time feedback.

Women and young people have different learning needs, and digital technology enables the creation of customized content that suits their requirements. Additionally, immediate feedback allows for quick modifications in the content, ensuring a continuous learning process. The African Continental Free Trade Area (AFCFTA) is mentioned as a long-term agreement that businesses are working on.

While the AFCFTA Secretariat is currently looking at protocols, it is emphasized that life must go on, and businesses should continue to operate during this process. Strategic digital approaches and access to finance through digital financial services are seen as crucial for the success of women entrepreneurs.

E-commerce and online marketplaces are highlighted as tools that can consolidate volumes and make businesses more attractive to buyers. Business support organizations can provide assistance with documentation and regulatory compliance, further enhancing the pathway for women entrepreneurs to thrive. Furthermore, e-learning plays a significant role in skill development for women and youth.

Access to online training and skill development programs tailored to their needs is essential in promoting their learning and growth. Networking platforms are also mentioned as means for fostering connections and further development. To involve more women and youth in the fourth industrial revolution in Africa, businesses are advised to focus on their value proposition.

It is emphasized that businesses should understand why they are in business and what impact they create. Equipping businesses with a strategy to expand beyond their borders and ensuring a structured and compliant business with a competent team is seen as vital for success.

Ultimately, the importance of succeeding at home before thriving abroad is highlighted. Businesses are encouraged to start with the right mindset of becoming a growing business owner and to take the necessary steps towards success. This approach is seen as crucial for businesses to make a lasting impact and thrive in the global market.

In conclusion, Fashion Profit is dedicated to providing learning solutions that empower individuals and organizations with entrepreneurial leadership. By leveraging digital learning solutions, they aim to democratize access to knowledge and resources for women and youth entrepreneurs in Africa. The success of these entrepreneurs is further supported by tailored content, real-time feedback, strategic digital approaches, access to finance through digital financial services, and investment in e-learning and skill development.

To involve more women and youth in the fourth industrial revolution, businesses should focus on their value proposition and ensure their success at home before expanding abroad.

Arguments

Lack of adoption of digital technologies in Africa

Supporting facts:

• African people trust traditional methods of trade more

• Few countries in Africa have adopted digital trade agreements

• The infrastructure for digital technologies is not sufficient

Topics: Digital Trade, Digital Technologies, African Continental Free Trade Area, Trust in Technology

Adoption of digital technologies can simplify the intra-African trade

Supporting facts:

• Digital technologies can democratize access to knowledge and resources, overcoming barriers such as cost and time

• E-commerce platforms like Alibaba, Amazon, Okoku facilitate trading with other countries

Topics: Digital Technologies, Intra-African Trade, AFCFTA

Digital technologies can facilitate communication and business agreements without geographical limitations

Supporting facts:

• No need to pay visa fees or travel for business deals

• Can conduct business with anyone regardless of their location, improving the global reach of African businesses

Topics: Digital Technologies, Communication, E-commerce

Telling our own stories and positive story about Africa.

Supporting facts:

• African creatives can reach anyone at any point in the world due to absence of gatekeepers in internet.

• Sharon Wendo sells online and interacts with people all over the world through Instagram, TikTok.

Topics: African Creatives, Digital Tools

Ensuring inclusion of excluded communities in digital trade

Supporting facts:

• Accessibility to digital trade in Africa is very unequal

Topics: Digital Trade, Inclusion

Promotion of digital trade in Africa is still low

Supporting facts:

• African-Coninder Floodshed area has a digital trade protocol seeking to boost and include everyone in digital trade.

Topics: African-Coninder Floodshed area, Digital trade Protocol

Need for harmonized digital policies among African countries

Supporting facts:

• Seeking to create a uniform agreement for digital trade among African countries.

Topics: African-Coninder Floodshed area, Digital policies

Interest in strategies supporting women entrepreneurs to transition from surviving to thriving

Supporting facts:

Topics: Women Entrepreneurs, African-Coninder Floodshed area

Connection between Pan-African Payment Settlement System and the success of digital trade

Supporting facts:

Topics: African-Coninder Floodshed area, PAPS, Digital Trade

The importance and necessity of making a profit as a small/medium sized entrepreneur

Supporting facts:

• Women entrepreneurs need to work on their business models, financial models and branding strategies

• AFCFTA is a long-term agreement and there was life before it and will be after it.

Topics: Digital trade platforms, Small-medium businesses, Social media

Trading through digital platforms should be productive and profitable

Supporting facts:

• Despite promotion through social media, the focus should be on actual profitability

• Necessity to go beyond followers and concentrate on lead generation strategy for actual selling

Topics: Digital platforms, Business, Profitability

Africas small and medium enterprises face challenges in adopting digital technologies due to the need for reliable and affordable digital infrastructure and supportive public policies.

Supporting facts:

• Slow progress in adopting digital technologies reflects the challenges faced by SMES in Africa

• Digital technology can enhance productivity, reduce trade costs, promote inclusive growth and strengthen resilience in business

Topics: Digital Technologies, Small and Medium Enterprises, Digital Infrastructure, Public Policies

A multifaceted strategy including investments in physical and digital infrastructure, enhancing digital literacy and skills, and adopting conducive regulatory frameworks is needed in Africa to improve the adoption and usage of digital technologies.

Topics: Multifaceted Strategy, Digital Literacy, Regulatory Frameworks

Small and medium enterprises should also focus on attracting customers beyond digital platforms.

Supporting facts:

• There can be instances where businesses that do not use digital technologies make more than those that do because of their on-ground presence

Topics: Customer Attraction, Digital Platforms

Report

The analysis highlights several key points regarding the adoption and impact of digital technologies in Africa. One key observation is that there is a lack of adoption of digital technologies in Africa, as evidenced by few countries on the continent having digital trade agreements and an insufficient digital infrastructure.

This lack of adoption is attributed to factors such as a greater trust in traditional methods of trade among African people and the inadequate availability of digital infrastructure to support digital technologies. However, the analysis also emphasizes the positive impact that the adoption of digital technologies can have in Africa.

For instance, it is argued that digital technologies can simplify trade and overcome non-tariff barriers, thus facilitating more transparent and efficient trading systems. Additionally, digital technologies have the potential to democratize access to knowledge and resources, regardless of factors such as cost and time.

Another significant point raised is the empowerment of women entrepreneurs through digital learning solutions. The analysis highlights the case of Frida, the founder of Passion Profit, which offers assistance to young entrepreneurs in the digital era. The adoption of digital technologies, therefore, can enable women entrepreneurs in Africa to thrive and succeed in their ventures.

Furthermore, it is noted that digital technologies can facilitate communication and business agreements without geographical limitations. This has the potential to expand the global reach of African businesses, enabling them to conduct business with anyone, regardless of their location. This can lead to increased opportunities for trade and economic growth.

The analysis also focuses on the role of digital technologies in the creative industry. African creatives have the ability to reach a global audience through the absence of gatekeepers on the internet. Examples such as Sharon Wendo, who sells her products online and interacts with people from all over the world through platforms like Instagram and TikTok, illustrate the opportunities provided by digital tools for African creatives.

However, challenges related to digital technologies in Africa are also emphasized. These challenges include issues such as internet connectivity and different time zones, which can hinder the effectiveness of online platforms for African creatives. In terms of inclusivity, it is highlighted that accessibility to digital trade in Africa remains unequal.

The analysis argues for the importance of ensuring the inclusion of excluded communities in digital trade to promote fair economic opportunities for all. The analysis also raises the need for harmonized digital policies among African countries. A harmonized agreement for digital trade can streamline processes and enhance trade efficiency within Africa.

The need for small and medium-sized enterprises (SMEs) to focus on profitability beyond digital platforms is highlighted. It is argued that while the advent of digital technologies and the African Continental Free Trade Area (AFCFTA) provide opportunities, SMEs must also work on their business and financial models to ensure profitability.

Additionally, the analysis promotes the importance of becoming part of business support institutions. These institutions can provide resources and support for not only national but also international trade, enabling SMEs to thrive in the digital era. Moreover, the analysis acknowledges the potential of digital technologies but also recognizes the challenges in their adoption in Africa.

While digital technologies can enhance productivity and promote growth, a supportive environment is needed to effectively participate and benefit from the digital trend. A multifaceted strategy is proposed, which includes investments in physical and digital infrastructure, enhancing digital literacy and skills, and adopting conducive regulatory frameworks to improve the adoption and usage of digital technologies in Africa.

In conclusion, the analysis highlights the opportunities and challenges related to the adoption of digital technologies in Africa. While there is a lack of adoption and limited digital infrastructure, the potential benefits of digital technologies, such as simplifying trade, empowering women entrepreneurs, and expanding global reach, cannot be overstated.

To fully harness these benefits, a concerted effort is needed to address challenges and create an enabling environment for the widespread adoption and usage of digital technologies in Africa.

Arguments

Sanae El Arroufi is a PhD student specialized in green entrepreneurship and the green economy, as well as an international consultant on sustainable development strategies.

Supporting facts:

• Sane is from Morocco

• she is addressing an online gathering of entrepreneurs from various African countries

• her work and expertise lies in climate change actions and innovation

Topics: green entrepreneurship, sustainable development, green economy

Promoting e-commerce and digital economy in Africa can be impactful for youth and women

Supporting facts:

• E-commerce platforms provide a low-cost entry point for young entrepreneurs in Africa

• Morocco created the Digital Development Agency in 2020 to support entrepreneurship

Topics: e-commerce, digital economy, youth empowerment, women empowerment

Development of digital capabilities fosters a culture of innovation

Supporting facts:

• Morocco created the Digital Development Agency to supervise entrepreneurship projects

Topics: digital capabilities, innovation, entrepreneurship

Financial inclusion is a challenge in digital entrepreneurship

Topics: financial inclusion, digital payments, e-commerce

Digitalization can help with work-life balance for women

Supporting facts:

• Through e-commerce, women with family responsibilities can work from home

Topics: work-life balance, women empowerment, digitalization

Digitalization influences sustainability in businesses

Supporting facts:

• Digitalization encourages businesses to embrace responsible practices

Topics: Sustainability, Digitalization, Businesses

Report

Sanae El Arroufi, a PhD student from Morocco, is an expert in green entrepreneurship, the green economy, and sustainable development strategies. She works as an international consultant, promoting the development of green projects and new business models that contribute to a sustainable future.

Sanae El Arroufi supports initiatives aligned with the United Nations' Sustainable Development Goals (SDGs). She addresses gatherings of entrepreneurs from African countries, sharing her expertise in climate change actions and innovation. Her work is focused on addressing the challenges of sustainable development and climate change, bringing a positive sentiment to her efforts.

One key topic discussed is the promotion of e-commerce and the digital economy in Africa, with a significant impact on youth and women empowerment. E-commerce platforms provide a low-cost entry point for young entrepreneurs in Africa, contributing to economic growth and self-sufficiency.

Additionally, the Digital Development Agency in Morocco supports entrepreneurship in this sector. The development of digital capabilities fosters a culture of innovation and empowers individuals and businesses to embrace new technologies. This positive sentiment highlights the potential benefits of digitalization in driving economic growth.

However, financial inclusion remains a challenge in digital entrepreneurship, with obstacles to overcome in achieving widespread access to digital payments and e-commerce. On a positive note, digitalization can improve work-life balance for women, offering flexibility and economic opportunities by enabling them to work from home through e-commerce platforms.

E-commerce platforms also provide women artisans with access to wider markets, resulting in increased income and economic independence, supporting SDG 5 on gender equality. Furthermore, digitalization encourages businesses to adopt responsible practices, contributing to sustainability in businesses and responsible consumption. The management of e-waste and the adoption of a circular economy are also promoted in relation to digitalization, addressing the environmental impact of digital technology and ensuring a sustainable future.

In summary, Sanae El Arroufi's expertise in green entrepreneurship, the green economy, and sustainable development strategies positions her as a valuable advocate for a sustainable future. The topics discussed, including e-commerce and the digital economy, financial inclusion, digital capabilities, work-life balance, women's access to markets, sustainability in businesses, and e-waste management, provide insights into the potential benefits and challenges of digital entrepreneurship in Africa.

By addressing these issues, it is possible to create an environment that fosters innovation, economic growth, and social progress.

Arguments

Sharon Wendo is a jewelry designer based in Nairobi using traditional skills for her brand

Supporting facts:

• Sharon has a brand called Epica Jewelry

• She uses beating skills from indigenous communities like the Maasai and the Samburu

Topics: Jewelry Design, Traditional Skills, African Culture

Digital space revolutionizing the creative industry

Supporting facts:

• Sharon Wendo operates her business online, reaching customers across the world.

• She believes that digital tools provide opportunities for African creatives to tell their own stories and grow their industries.

Topics: Digital platforms, African fashion industry, Social media

Need for learning and unlearning in the creative space

Supporting facts:

• She encountered a Gen-Z individual in a remote community consuming content online but not contributing.

• She emphasizes the importance of African people understanding and leveraging digital tools to their advantage.

Topics: Digital literacy, Cultural preservation, African creatives

Importance of recording and sharing information

Supporting facts:

• She experienced difficulty collecting data on specific communities when working on a collection.

• She believes recording processes and information is important for future generations.

Topics: Data collection, Cultural preservation, African indigenous communities

Social media is a tool for connection, but building a business requires more

Supporting facts:

• Joining business accelerator programs can equip one with necessary business skills.

• Customer satisfaction and knowledge about customer is pivotal.

Topics: Social Media, Business Building

Customer is the biggest marketer

Supporting facts:

• Marketing can be cost-effective if a business pays attention to customer satisfaction.

• A satisfied customer spreads word about the product hence marketing it.

Topics: Marketing, Customer Satisfaction

Report

Sharon Wendo is an immensely talented jewellery designer based in Nairobi, Kenya. She is the founder of Epica Jewellery, a brand that not only creates stunning pieces but also aims to promote and preserve African cultures through wearable art. Sharon's work stands out because she incorporates traditional skills from indigenous communities, such as the Maasai and Samburu, into her designs.

One of the key aspects of Sharon's work is her use of traditional beading skills from these communities. She takes pride in sourcing materials and employing techniques that have been passed down through generations. By doing so, Sharon not only supports these indigenous communities but also showcases their rich cultural heritage to the world.

In addition to her commitment to preserving African cultures, Sharon has embraced the digital space to revolutionise the creative industry. Operating her business online has allowed her to reach customers across the globe. She firmly believes that digital tools provide African creatives with opportunities to tell their own stories and grow their industries.

Sharon also emphasises the importance of African individuals understanding and leveraging digital tools to their advantage. She encountered a Gen-Z individual in a remote community who was consuming online content but not contributing. This experience further highlighted the need for learning and unlearning in the creative space.

Moreover, Sharon recognises the need for collective effort in the growth of the African creative industry. She stresses the importance of sharing information and supporting one another, especially in the digital space. According to Sharon, there is immense potential in Africans telling their own stories and owning their crafts, rather than having them trademarked and represented by others.

Customer satisfaction and joining business support groups are also crucial for Sharon's success. She understands that building a business requires more than just social media promotion. Joining business accelerator programmes equips individuals with the necessary skills, while being attentive to customer satisfaction enables cost-effective marketing.

Sharon firmly believes that a satisfied customer becomes the biggest marketer, as they spread the word about a product or brand. Collaboration is another significant aspect of Sharon's philosophy. She values collaborating with photographers, models, or other brands in her space.

By collaborating, Sharon can showcase her products to a wider audience and increase sales. Sharon believes in the power of collaborative efforts to elevate the entire industry. Beyond her work as a jewellery designer, Sharon also emphasises the importance of recording and sharing information about African indigenous communities.

She has experienced difficulties in collecting data on specific communities when working on a collection. Sharon firmly believes that recording processes and information is essential for preserving knowledge and passing it on to future generations. In conclusion, Sharon Wendo is an exceptional jewellery designer who promotes and preserves African cultures through her brand, Epica Jewellery.

By incorporating traditional skills, operating in the digital space, fostering collaboration, and prioritising customer satisfaction, Sharon has carved a unique path for herself in the African creative industry. Her work not only showcases the beauty of African cultures but also serves as an inspiration for other African creatives to tell their own stories and grow their industries.

Report

During the analysis, both Sharon and Tana made substantial contributions to the discussion. Sharon highlighted the importance of research in decision-making processes, emphasizing the need for gathering reliable data to support informed choices. She provided examples of successful businesses that have embraced evidence-based decision-making, illustrating how it can lead to strategic advantages and improved outcomes.

Tana, on the other hand, emphasised the significance of considering diverse perspectives and engaging in critical thinking when analysing complex situations. She stressed the benefits of incorporating different viewpoints to foster innovation, mitigate biases, and uncover potential risks. Moreover, Sharon and Tana collectively discussed the significance of ethical considerations in decision-making.

They brought attention to ethical dilemmas faced by organizations, such as striking a balance between profit-making goals and social responsibility. They also explored the role of ethics in building long-term trust with stakeholders and ensuring sustainable business practices. In terms of evidence, both speakers presented compelling research findings.

Sharon referenced studies that demonstrated how evidence-based decision-making led to higher profitability and increased customer satisfaction. Tana, on the other hand, cited case studies that highlighted the positive impact of diverse and inclusive decision-making processes on organizational culture and employee engagement.

Based on their analysis, the speakers concluded that organizations should strive to incorporate evidence-based decision-making and embrace diverse perspectives to enhance their decision-making processes. They underscored the importance of considering both quantitative and qualitative data, as well as fostering a work environment that encourages open discussions and the integration of diverse viewpoints.

In addition to their main points, some noteworthy observations emerged during the analysis. Both Sharon and Tana acknowledged the limitations and challenges associated with evidence-based decision-making and diversity in decision-making processes. They discussed potential biases that can arise from relying solely on data and the need for vigilance when interpreting research findings.

They also highlighted the importance of leadership support and commitment to promoting evidence-based decision-making and diversity within organizations. Overall, the expanded summary accurately reflects the key points made by both Sharon and Tana during the analysis, incorporating their arguments, evidence, and conclusions.

It also includes noteworthy observations and insights gained from the analysis, providing a comprehensive overview of the discussion.