Ethiopia’s Prime Minister, Abiy Ahmed has challenged his peers, African leaders to invest in and promote the digital sector as a bailout from Covid-19 economic blow.
PM Abiy was addressing African Ministers of Finance yesterday during his opening remarks at the 53rd Conference of Ministers of Finance, Planning and Economic Development organized by UN Economic Commission for Africa, UNECA, holding virtually and hosted by ECA headquarters, Adis Ababa.
To the Nobel Peace Prize winner Abiy Ahmed, Africa may not be hardest hit in terms of Covid-19 infection but the continent is most devastated economically.
To move out of this trap, Abiy suggests African leaders should boost the ICT sector, invest in renewable clean energy and engage the private sector to catapult industrialisation.
Walking the talk, the PM used Ethiopia’s landmark achievements to inspire his peers to concrete actions.
“We identified four foundational building blocks for the digital economy; the establishment of national digital ID, building payment platforms that work across to strengthen e-government applications and enabling e-commerce” PM Abiy said.
“In parallel, we are also investing in digital skills, artificial intelligence and cyber security”, he furthered.
Africa accounts for more than half of the worlds population growth between 2019 and 2050. This gives Africa an urge over other continents in terms of workforce, innovation capacity and viability.
Should Africa take advantage of the Covid-19 challenges to invest in her innovative domain, Africa should champion economic narratives in decades to come.
For this happen, PM Abiy thinks that African leaders should put in place institutional frameworks which will vitalize the private sector; a task on the shoulders of African Ministers of Finance, Planning and Economic Development for resolutions that can propel African economies as deliberations end today.