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For centuries, innovation has been the driving force behind societal evolution in Africa and globally.
We have seen it propel nations forward, providing solutions to problems, creating economic prosperity, and enhancing their people’s quality of life.
Interestingly, the truth is that innovation knows no borders.
The global enthusiasm for innovation has set the stage for a compelling competition for excellence.
Countries are vying to outdo one another, not just in terms of technological breakthroughs, but also in fostering inclusive growth, sustainable development, and social well-being.
African countries for instance have recognised the vital role innovation plays in unlocking their potential and are making significant strides in this regard.
In recent years, the continent has seen a surge in entrepreneurial spirit, investment, and a growing emphasis on education and research.
The World’s Intellectual Property Organisation (WIPO) recently released a report, “Global Innovation Index 2023: Innovation in the face of uncertainty”, presenting a comprehensive assessment of innovation ecosystems across 132 countries, shedding light on their strengths and weaknesses through the analysis of 80 indicators, including research and development expenditure.
This year’s report is unveiled against the backdrop of a world grappling with slow economic recovery from the Covid-19 pandemic, soaring interest rates, and geopolitical conflicts. — Business Insider Africa.
Online Reporter