June 16, 2018 IBOMLLC Team

The African Tech Hubs pioneering innovation: How digital transformation can drive growth and job creation across emerging economies

The African Tech Hubs pioneering innovation How digital transformation can drive growth and job creation across emerging economies

Innov8tiv
Innov8tiv – Blacks In Technology in USA, UK, Caribbean Islands & Africa

Innovation and entrepreneurship play an ever-increasing role in growing Africa’s emerging technology ecosystem. According to research by the GSMA Ecosystem Accelerator, over the past two years alone. Africa has seen the number of innovation hubs double. Whilst the big 3 cities; Nairobi, Lagos, and Cape Town, have been dominating the sub-Saharan growth narrative, the next wave of incubators are arriving from the new ecosystem cities in North Africa. And the cities driving this growth, Casablanca, Cairo, Sousse, and Algiers are serious about generating sustainable operating models in the fast evolving ICT landscape to overcome core business challenges around viability, future-proofing the business and most importantly, producing continuous success stories.

Funding in North Africa is shifting from relying on public spending

According to the

Rabeh Arezki, Chief Economist for Middle East and North Africa Region (MNA) at the World Bank stated: “When it comes to sustainable funding. African tech hubs tend to focus on demand-driven service models that solve problems and support the specific needs of an ecosystem. To succeed, a modern innovation hub needs to pinpoint a niche in growth areas and deliver that …read more

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