The pandemic presents opportunities for the economic transformation of the continent.
The Covid-19 pandemic presents opportunities for the economic transformation of Africa through innovation, digitalization, and regional collaboration, but countries need policies to enable this, a new think-tank report says.
The pandemic could make businesses in Africa adopt digital-first operating models and make the continent’s manufacturing sector resume focus on innovation, local production, and self-reliance, says the report by the Accra-based African Center for Economic Transformation (ACET), an economic policy institute.
“These three areas we’ve identified are binding constraints that if tackled together and effectively across boarders could create a real opportunity for transforming the economy to generate the employment and income we desperately need and also to enable us to compete globally,” Mavis Owusu-Gyamfi, the executive vice president of ACET, tells Quartz.
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