UNCTAD eWeek 2023 | Women and youth as drivers of innovation and value creation in the digital economy in the Fourth Industrial Revolution age under the AfCFTA

Panellist at the session titled ‘Women and youth as drivers of innovation and value creation in the digital economy in the Fourth Industrial Revolution age under the AfCFTA‘ addressed key aspects of leveraging digital technologies for the empowerment of women and youth entrepreneurs in Africa. Speakers explored the challenges, opportunities, and strategies pivotal for sustainable growth and inclusivity in the continent’s digital economy landscape. The session concluded with a call for concerted efforts towards a digitally inclusive and culturally rich future for African entrepreneurs.

The digitalization landscape in Africa

Moderator Tanatsiwa Dambuza in her deliberation talked about 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.

Digital learning solutions ap

Frida Owinga emphasized leveraging digital learning solutions for women and youth. 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.

Preserving African cultures

Sharon 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.

Key Takeaways:

• Diverse Challenges: Addressing challenges like financial inclusion, connectivity, and policy harmonization for widespread digitalization.
• Empowerment & Inclusivity: Strategically empowering women and youth through e-learning, e-commerce, and tailored digital strategies.
• Cultural Preservation: The significance of preserving African cultures through digital platforms and collaboration among creatives.
• Ethical Considerations: Importance of ethical decision-making and evidence-based approaches for sustainable growth.