Last updateMon, 16 May 2022 12pm

Tech Start-ups Key to Africa’s Digital Transformation but Urgently Need Investment

Start-up funding in Africa topped $1.2 billion in 2020 – a six-fold increase in five years, but still less than 1% of the value that US start-ups raised. The continent’s research and development (R&D) investment is only a quarter of the global average
Africa is trailing behind the world in developing a knowledge-based, digital economy
Governments can change this by fuelling tech start-ups and other small businesses through incentives and investment in workforce skills
A survey of 188 government incentives for business across 32 African countries found fewer than 10% facilitated investment in Fourth Industrial Revolution technology


 Japan has committed to support the EAC regional integration agenda and to strengthen areas of cooperation between herself and the East African Community. This was revealed today during a consultative meeting between representatives of the Government of Japan and the EAC Secretariat held at the EAC Headquarters, in Arusha.

On Africa Industrialization Day, Ban warns gender inequity, youth unemployment risk continent's progress

Marking the Africa Industrialization Day, United Nations Secretary General Ban Ki-moon is calling for job creation in small and medium enterprises (SMEs) for women and youth to eradicate poverty and achieve sustainable industrial development on the continent.

North Africa Cloud Managed Services Market Worth 3,248.8 Million USD by 2020

According to a new market research report, "North Africa Cloud Managed Services Market by Service Types (Business Services, Network Services, Security Services, Data Center Services, Mobility Services) - Global Forecast to 2015 - 2020", published by MarketsandMarkets, North Africa Cloud Managed Services Market to grow from USD 1,353.4 Million in 2015 to 3,248.8 Million by 2020, at a CAGR of 19.1% during the forecast period of 2015-2020.

African economies grew by 3.9% GDP in 2014 amid global and regional shocks

African economies registered 3.9% average GDP growth in 2014 compared to the 3.7% in 2013. This reflects resilience to global and regional shocks which affected the continent last year, according to the African Development Bank Group's Annual Report, which was released Wednesday, May 27 in Abidjan.

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