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Can Africa Explore Benefits of Autonomous Governance For Development?

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Can Africa Explore Benefits of Autonomous Governance For Development?

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Blockchain and other emerging technologies are providing humankind with different options in the way that tasks are executed. The deployment of smart technologies is also helping the global community in achieving efficiency, reducing costs and eliminating many of the vices that are associated with traditional governing systems.

Developing parts of the world like Africa have begun to take advantage of these technological provisions in finding solutions to certain perennial problems. These technologies are also providing these regions of the world with a leapfrogging opportunity that will enable them to move closer to their counterparts in other regions.

What Is Autonomous Governance?

Georges Remboulis, an Executive Governance expert, explains to QBITtimes that Autonomous Governance entails the deployment of technology such as Blockchain and AI in governance. These technologies can deliver validated transparency based on policies that are federated on a multi-jurisdiction basis across Continental Africa.

He Notes that this implies that the process of policymaking and technology is significant and will require time. While considering how Africa can benefit from innovations like Autonomous Governance, Remboulis decries the static condition that the continent has remained for a very long time.

Comparing the continent to other parts of the world, it is clear that we are far behind. He indicated:

“Whilst the world is faltering with free trade agreements, Africa is moving forward with the African Continental Free Trade Area. This is 54 countries, a population of 1.2 billion people and a total GDP of $2.5 trillion.  This is the perfect opportunity to leverage Autonomous Governance in a multi-jurisdiction effort of Mama Africa.”

Using Autonomous Governance To Fight Corruption

Remboulis continues by remarking that this new development has to cover policies supporting social good, green investment, capital flow, equality, economic inclusion and more. Autonomous Governance with targeted opportunities & investments combined with clear inter-jurisdiction policies will provide transparency for evolution towards greater prosperity.

The level of corruption that exists across the African continent is high. Meanwhile, everyone sees the apparent acts of leaders of nations.

On the other hand, the real problem lies in the fabric of societies. Among the citizens, corruption seems has become a way of life so much that anything contrary appears to be abnormal.

Hence, this is a problem that must be solved if the continent will move forward. Remboulis believes that Autonomous Governance can lead the continent out of this dungeon.

Notwithstanding, he thinks there must be long-term commitment towards this to achieve an evolution that is based on the rewards of growth. “Autonomous Governance doesn’t yet mean Autonomous Trust,” he says.

“The good thing about Autonomous Governance, designed specifically around the ACFTA, is that this will happen together across Africa. This reminds me of a well known African proverb “If you want to go quickly, go alone. If you want to go far, go together,” Remboulis maintained.

Africa Rising Can Become A Reality 

Georges Remboulis, an Executive Governance expert, explains to QBITtimes that Autonomous Governance entails the deployment of technology such as Blockchain and AI. These technologies can deliver validated transparency based on policies that are federated on a multi-jurisdiction basis across Continental Africa. 

He Notes that this implies that the process of policymaking and technology is significant and will require time. While considering how Africa can benefit from innovations like Autonomous Governance, Remboulis decries the static condition that the continent has remained for a very long time. 

Comparing the continent to other parts of the world, it is clear that we are far behind. He indicated: 

Whilst the world is faltering with free trade agreements, Africa is moving forward with the African Continent Free Trade Area. “This is 54 countries, a population of 1.2 billion people and a total GDP of $2.5 trillion. This is the perfect opportunity to leverage Autonomous Governance in a multi-jurisdiction effort of Mama Africa.

Using Autonomous Governance to fight corruption

Remboulis continues by remarking that this new development has to cover policies supporting social good, green investment, capital flow, equality, economic inclusion and more. Autonomous Governance with targeted opportunities & investments combined with clear inter-jurisdiction policies will provide transparency for evolution towards greater prosperity.

The level of corruption that exists across the African continent is high. Meanwhile, everyone sees the apparent acts of leaders of nations. 

On the other hand, the real problem lies in the fabric of societies. Among the citizens, corruption seems has become a way of life so much that anything contrary appears to be abnormal. 

Hence, this is a problem that must be solved if the continent will move forward. Remboulis believes that Autonomous Governance can lead the continent out of this dungeon. 

Notwithstanding, he thinks there must be long-term commitment towards this to achieve an evolution that is based on the rewards of growth. “Autonomous Governance doesn’t yet mean Autonomous Trust,” he says. 

“The good thing about Autonomous Governance, designed specifically around the ACFTA, is that this will happen together across Africa. This reminds me of a well known African proverb “If you want to go quickly, go alone. If you want to go far, go together,” Remboulis maintained.

Africa Rising can become a reality 

Despite the underdeveloped of African infrastructure, Remboulis believes that Autonomous Governance can play a significant role in changing the narrative. Putting Africa in the perspective of an emerging continent will help us to appreciate the part of innovation. 

With this mindset, Autonomous Governance can then play a meaningful role in defining this new narrative. Accordingly, it will revolve around providing extreme diligence that will send confidence to investors to build the networks & infrastructure to make #AfricaRising a reality.

In terms of resources, Remboulis perceives that Africa has the women and men with the drive, technology know-how and the heart to make things happen. According to him, the ACFTA will provide continental and international investment to implement Autonomous Governance and everything that needs to happen. 

It is already clear that foreign direct investment is on the rise, and that the courting has begun with major economic players. In conclusion, Remboulis regards there is a major move worldwide towards the Digital Economy. 

This phenomenon includes cryptocurrencies, Central Bank Digital Currencies (CBDC), and the Token Economy. He also points out that developed countries need to mitigate this as they have much at stake with long-standing monetary systems. 

Continental Africa and the ACFTA, has a relatively clean slate with much lower incumbent risk and regulatory issues to deal with. It is a factor that he thinks can provide agility, through Autonomous Governance, for all African countries within the upcoming ACFTA 54 country block.

 

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