Developing countries should put more emphasis on science and technology education to better prepare the younger generation for the opportunities of the digital economy, according to Zimbabwe’s President Emmerson Mnangagwa.
Mnangagwa made the comments in Davos, Switzerland, where he is attending the 2022 World Economic Forum.
“The future of business, of development, of wealth creation, now depends on the digital economy,” he said.
“It is important that especially developing countries like us in Africa and perhaps in Latin America and parts of Asia, we now need to put more emphasis on our institutions of higher learning – our universities – to focus and promote science and technology in our schools, so that the younger generation embraces science and technology in order to be relevant in the digital economy of the future.
Mnangagwa’s comments came as the Digital Cooperation Organization (DCO) and the World Economic Forum (WEF) announced a new initiative to boost digital foreign direct investment flows around the world.
The agreement will see the DCO and WEF work together to identify methods to increase digital adoption, investment in new digital business and investment in digital infrastructure.
In his address, the Zimbabwean Head of State, all countries should embrace a digital economy for the future.
He stressed that his administration was trying to embrace the digital economy, and he urged others to do the same.
“We try to embrace e-government, e-commerce, e-education, e-construction. Everything is now digital,” he said.
The 2022 WEF meeting is the first in-person meeting since the start of the COVID-19 pandemic. It is due to last until May 26.
under the theme of History at a crossroads: government policies and business strategiesthe meeting will have 200 sessions attended by more than 2,500 leaders and experts.