The following sectors will see innovation opportunities in Africa in coming years as the consumer base increases and the continent becomes richer with higher purchasing power. In some areas like energy and education, the innovation spark is already taking place. These sectors offer avenues for innovators and entrepreneurs to create wealth as they provide solutions […]
10.2 – Major Technology Villages
As technology continues to redesign industrial competitions and shapes lives, new ecosystems have emerged. One of those ecosystems is called a Technology Village. A technology village is a built real estate that provides tenants with different services that include collaborative supports, customized lease, equipment, networking opportunities and community organizations, education programs, lending networks, tax incentives, […]
10.1 – Key Elements of Frontier Cities
The following elements are major indicators that define Africa’s innovation frontier cities, making them attractive from the competitiveness viewpoint for innovators to operate therein. They are also things other cities have to watch if they want to attract innovators. Economic Growth: Africa is expected to continue to enjoy buoyant economic growth resulting to expanding middle […]
10.0 – Africa’s next innovation frontiers
Africa is on the rise and opportunities are emerging daily as foreign direct investment flows and the middle class continues to expand. Besides commodities, growths in finance, retail, ICT and manufacturing are transforming African cities. In industrial sectors and cities, frontiers are forming, and together they will define Africa’s future competitiveness, productivity and innovation capabilities. […]
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 […]