9.1 – Building Innovation Ecosystems

9.1 – Building Innovation Ecosystems
Though six of the ten fastest-growing economies in the world are in Africa[1], the youth unemployment hovers around 60% of the total unemployed Africans. To absorb new entrants into the labor market, the continent must create at least 95 million new jobs by 2020 and another 160 million by 2030[2]. Reliance on minerals and hydrocarbons despite the GDP growth has not created sustainable opportunities for the youth and the general citizens. The roadmap will be to create innovation ecosystems to transform the economics through the ingenuities of the citizens and not just relying on multinationals and foreign firms. Rather, innovations…
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