Tag: innovation

World Bank approves $50 million to boost Kenya’s development plans

World Bank approves $50 million to boost Kenya’s development plans

Technology
The World Bank today approved a $50 million International Development Association (IDA)* credit to increase scale innovation and productivity amongst Kenya’s enterprises. The Kenya Industry and Entrepreneurship project (KIEP) is expected to benefit some 33,050 individuals and 2,393 firms. It will support the ambitious development targets outlined in Kenya’s Big Four development agenda and Vision 2030 that require significant growth in private sector jobs and overall productivity. The Ministry of Industry, Trade and Cooperatives, through the Kenya Industrial Transformation Program, prioritizes technology and innovation as the cornerstone for national industry development and the role that private sector firms play in driving Kenya’s industrialization. “We are committed to suppo
Africa’s Youth Poised to Drive Innovation

Africa’s Youth Poised to Drive Innovation

Technology
Technological innovation is becoming a major economic and social development accelerator on the African continent. The world’s population is set to increase from the 7.6 billion people we currently have. According to the UN, the world population will increase by another four billion people by 2100. What is the main reason for this? It’s not because more children will be born, It’s because there will be more adults. The youth of the world are set to mature. How these young people will be distributed around the world is even more interesting. Africa’s demographics are unique from the rest of the world in the sense that we are continent of young people. It is predicted that within a period of three generations, 41 per cent of the world’s youth will be Africans. It is also expected t
Innovation Is The Key To Keep Africa’s Growth

Innovation Is The Key To Keep Africa’s Growth

Internet, Technology
According to the African Development Bank, Africa is the continent with the world’s second fastest growing economy. There’s little doubt that our vibrant continent is making great strides towards a bright future, with our economy expected to grow by 3.4% in 2017 and 4.3% in 2018, according to research in the African Outlook Report. Children across Africa’s rural communities are being left behind – and with more than 70% of the continent’s population living in rural areas, this is a major problem. The same report shows that at least half the population resides more than 25km from the nearest fibre connection. It’s clear that while we may be celebrating the growth of connectivity in cities, last-mile connectivity is still a major stumbling block. While the Internet School contai
Solar revolution in Africa set to rival cellphone novelty

Solar revolution in Africa set to rival cellphone novelty

Startups, Technology
A "solar revolution" is coming to Africa, comparable in scale and importance to the rapid surge in cellphone use on the continent two decades ago, predicts the head of the International Renewable Energy Agency (Irena). This is being accelerated by the fast-dropping costs for solar power, combined with plenty of sun in a continent that has more than half of it’s population not connected to electricity, meaning solar has huge potential in Africa. New reports show that Africa’s electricity problems continue to limit the continent with only 40% of Africans enjoying reliable power supply. The continent gets 117% more sunshine than Germany, which today has the highest installed solar power capacity. Both grid-connected solar power and off-grid solar energy now offer cost-competitive means to
Huawei opens $6m Innovation Center in Lagos

Huawei opens $6m Innovation Center in Lagos

Internet, Mobile
Chinese OEM company, Huawei, has opened its first Innovation and Experience center in West Africa in Lagos, Nigeria. It said it has invested US$6 million in the center which will provide access to global best practice. According to the company, users of the facility will be able to exchange ideas, explore business solutions through innovation; it is also aimed developing the Nigerian ICT ecosystem. The Huawei Innovation and Experience Center occupies 500 square meters and was set up based on the concept of cloud. It allows users to access and share Huawei’s global resources. Frank Li, the Managing Director of Huawei Nigeria, said the center is a demonstration of Huawei’s dedication to investment of industry innovation driven by both customer needs and new technologies. “Huawei will