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AfDB to begin 2-day summit on Fourth Industrial Revolution (4IR) today

All is set for the African Development Bank (AfDB) to hold a workshop on the ability of the emerging technologies of the fourth industrial revolution to overcome the challenges that Africans face at its headquarters in Ivory Coast.

A statement made available to Business Hilights said the workshop on the digital economy and the fourth industrial revolution in Africa is an offshoot of the recent launch of the report “Unlocking the potential of the fourth industrial revolution in Africa” by the Industrial and Trade Development Department of the bank.

The report addresses the current state of the fourth industrial revolution and the business case for specific technologies (Artificial Intelligence, blockchain, big data analytics, the Internet of Things, additive manufacturing and drones) in Africa.

The workshop will reveal the Bank’s support for the digital economy in Africa and provide participants with a forum to share challenges and explore relevant approaches to harnessing the potential of the 4IR in Africa.

The event also aims to deepen collaboration with other development partners, governments and the private sector; and create business-to-business (B2B) networking opportunities between the Bank’s technical experts and invited private sector players.

The workshop targets ministries in charge of the digital economy, industry and investments, the private sector, civil society organizations, development partners, the media and Bank staff.