CAPE TOWN - Africa needed more nimble policy making to allow entrepreneurship to flourish and the continent to take advantage of the Fourth Industrial Revolution, delegates at the World Economic Forum in Africa said on Wednesday.
"What you need is policy certainty, don't fiddle with policy forever," A.T. Kearney's managing director for Africa, Thebo Sibiya, said at a panel discussion of the Africa Growth Platform on the opening day of the WEF meeting in Cape Town.
"It can't take a year and a half with a white paper and a green paper and a yellow paper. By that time Uber has come and disrupted the taxi industry."
Sibiya was elaborating after earlier drawing laughs when he was asked what he considered a key factor to unlocking inclusive regional growth and replying: "It is about how you execute quickly ... One thing that would fundamentally move the needle: Let's remove politicians."
He quickly qualified that he meant an excess of policy strictures should be removed to give entrepreneurs the space to do what they want.