gvA Update

Even though Africa lags behind much of the world in research and technological change, the evidence suggests that African consumers and modern entrepreneurs appear to be tuned to what is happening globally. And this is seen in the readiness and even eagerness on the part of consumers and the general populace to embrace some of the latest technologies, as we see in telecommunications and renewable energy. And since Africa is starting from scratch in many areas of technology, it would not have the problem of determining what to do with legacy or orphan companies that may arise when existing companies go through break up in transitioning. And fortunately, many of the new technologies are becoming more affordable, as it is happening in the renewable energy sector and in the sharing economy. In the sharing economy for example we are seeing the likes of Uber and Airbnb. As we all know the idea of Uber is creating many home-grown rivals. The sharing economy in Africa is rising, seen in the growing number of networks that can now enable many small single-owner businesses to seek work or trade outside of their own localities. We have seen what digital connectivity is doing with mobile money use in countries like Kenya and Ghana. If internet and wifi technology can be promoted and with optimal regulations by governments and supported by large African NGOs, it can be remarkable how Africa can rise even higher. I believe that Africa offers a fertile ground for new and positively disruptive technologies that can mitigate some of the continentâs political, financial and even security risks and open doors for deeper and stronger investments in agriculture and industry. African innovators and young investors need access to capital, but perhaps even more importantly they need access to local research and development. As a people let us pay attention to these. I am Magnus Kpakol, and that is my view.


Posted: Mar 13th, 2018 @ 02:22:22 AM