The latest February 2020 report by the African Development Bank Group (AfDB) which assesses the business case for #4IR adoption is out and lists 6 key technologies expected to disrupt Africa. Blockchain is among them.
The largest market potential for 4IR however is in the IoT space. More than $100 million of venture capital was invested in African IoT start-ups by 2019, making it by far the most attractive 4IR technology for investors on the continent. The IoT market is projected to reach a $12.6 billion value by 2021 in #Africa and the Middle East.
The report offers a few recommendations:
Develop a unified vision to seize 4IR opportunities
Create incentives (financial, fiscal) for technology adoption
Start to prepare the next generation Africa 4.0 workforce
Develop collaborative and adaptive regulation
Nurture inclusive institutions promoting widespread innovation to adopt 4IR technologies
Increase investments in training
Raise awareness on the potential and the markets for 4IR
Support and finance pilot and research projects in 4IR