Former Vice President, Dr.

Mahamudu Bawumia has underscored the transformative power of "smart formalisation" in driving Africa's economic growth and resilience.

He believes that embracing digitalisation is the most viable path for the continent to achieve sustained high growth rates and lift millions out of poverty.

He said this when he gave the keynote address at the Cambridge Africa Business Conference themed 'Africa's Digital Transformation: Building Resilient Economies Through Innovation,' Saturday May 17, 2025.