The mother-city is buzzing as South Africa concluded hosting the G20 Digital Economy Ministerial Meeting and the AI for Africa Summit, drawing ministers from G20 member states, guest countries, and African Union dignitaries.
As part of the South African delegation, I had the privilege of contributing to bilateral discussions that revealed an undeniable truth: Africa’s economic future hinges on the growth of Small, Medium, and Micro Enterprises (SMMEs), the vibrancy of our innovation ecosystems, and the equitable deployment of digital technologies such as artificial intelligence (AI).
Economic backbone:
SMMEs are the lifeblood of our economies, though their contribution is often understated. In South Africa, they contribute close to 40% of GDP, and provide about a third of formal employment.
Across the African continent, they represent around 95% of all registered…