Are State -State-owned Enterprises in Developing Countries Poised to Exploit the Benefits of the 4IR for the Desired Economic Transformation?

Lucy T Chamba and Felix Chari

Africagrowth Agenda, 2023, vol. 20, issue 4, 16-21

Abstract: The Fourth Industrial Revolution (4IR) has resulted in a slew of technical advancements, including artificial intelligence, robotics, big data, and augmented reality. These developments are expected to accelerate economic transformation through increased efficiency and effectiveness in service delivery and assist African nations in alleviating the developmental challenges in their midst such as hunger and delivery of basic amenities. Notwithstanding that the 4IR is on the horizon in Africa, its benefits in the public sector remain elusive to most African citizens due to a number of adoption obstacles. This article seeks to establish the challenges faced by State-Owned Enterprises (SOEs) in Africa in leveraging 4IR technologies to deliver the economic transformation desired by the developing states.

Date: 2023
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