The World Economic Forum’s Regional Action Group for Africa recently published an important report examining the impact of digital transformation in Africa and the role of policymakers and investors. Titled “Attracting Investment and Accelerating Fourth Industrial Revolution Adoption in Africa,” the report aims to stimulate a more considered approach by policymakers and investors for accelerating the region’s digital transformation and spurring investment that aligns with environmental, social and governance (ESG) aspirations.
The report includes contributions from Vital Capital Managing Partner Nimrod Gerber, who discusses how strong access to financing can assist African businesses in rising to the challenge of the Fourth Industrial Revolution. In particular, Gerber states that the lack of an investment regulatory framework can be prohibitive to funding projects and can lead to uneven competition between investors who are ESG compliant and those who lack ESG credentials.
The full report is available on the World Economic Forum website, here.