Africa must prioritise private sector to absorb shocks, says IMF

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In the April issue of African Business, out now, we look forward to the Global AI Summit on Africa. Hosted in Kigali by Rwanda’s Centre for the Fourth Industrial Revolution and the Ministry of ICT and Innovation, in collaboration with the World Economic Forum, the major summit will gather heads of government, business leaders, investors, and international organisations in a bid to make progress on “shaping Africa’s role in the global AI economy”. The summit comes at a time when policymakers across Africa are increasingly attuned to the transformative potential of this groundbreaking new technology – but are still grappling with how best to maximise this potential while mitigating the risks. How much can they hope to achieve?