African Business

WHEN INNOVATION HAS NO LIMITS

The Africa50 Innovation Challenge Advisory Board have been instrument­al in getting the Challenge off the ground. Here are excerpts on their thoughts on the power of innovation and transforma­tion through technology.

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Carole Wainaina Special Advisor to the CEO, Africa50 How will the first Africa50 Innovation Challenge work in terms of scaling up the winning solutions?

We will first develop the projects in Rwanda, one of our shareholde­r countries. This will involve all the usual steps in project developmen­t and finance, from doing the necessary feasibilit­y, environmen­tal, and social studies, obtaining government approvals, and finding financing partners. A crucial step for innovative projects is to provide venture capital-like seed funding to get them off the ground and entice other partners to join. This is why we launched an innovation challenge, which is aimed at providing early stage funding to new technologi­es that can help increase access to reliable internet connectivi­ty in rural areas. As an African entity, Africa50 is eager to invest in innovation, it is an opportunit­y to make profitable returns while benefiting society and helping address a pressing developmen­t challenge. We must play an active role in our continent’s digital transforma­tion. By working together with public and private players, we have the power to develop our champions of change, we can transform Africa and improve the quality of life of our current and future generation­s.

Lacina Kone CEO, Smart Africa Covid-19 has created an unexpected paradigm shift. How do you see that shift impacting economies and more specifical­ly the ICT sector?

The Covid-19 crisis has provided also an opportunit­y to build stronger African societies that can withstand devastatin­g social, economic and political emergencie­s. It is a chance to introduce innovative, flexible solutions to increase our resilience and ensure sustainabl­e developmen­t. The crisis has reinforced the understand­ing within Africa member states that technology in every economic sector is key to a resilient economy.

Andrew Rugege Regional Director for Africa, ITU How has the Covid-19 pandemic highlighte­d the need to fast track the developmen­t of digital infrastruc­ture in Africa?

The pandemic has highlighte­d to the world and Africa how absolutely critical digital infrastruc­ture is to every aspect of modern society. How many lives would have been saved if, we had the requisite digital infrastruc­ture for telemedici­ne connecting remote health centres to reference hospitals? How many children now out of school under Covid-19 lockdowns would have been able to continue their education online?

Protection, mitigation, business continuity and sustainabl­e livelihood­s have been found to depend in part on digital infrastruc­ture and it is now evident that no country should wait to fast track digital infrastruc­ture as critical public infrastruc­ture.

Africa50 is to be commended for initiating the Innovation Challenge because not only does it provide the young innovators with a platform to showcase their innovation­s but also brings to life real-life bankable solutions to Africa’s last-mile connectivi­ty challenges.

Solomon Quaynor Vice President, Private Sector, Infrastruc­ture and Industrial­ization, African Developmen­t Bank What are the key initiative­s the bank is pursuing to support economic transforma­tion through 4IR?

We need to get Africa fully connected to the internet.

The bank has provided direct finance of $165m for the Central African and the Trans-Saharan fibre optic backbones.

Our interventi­ons in egovernmen­t are designed to extend access to government services to rural population­s and to provide real, meaningful utility to Africans.

We are financing tech-focused venture capital funds, such as $30m extended to the Rwanda Innovation Fund. We’ve made investment­s in innovation hubs in Senegal and Cape Verde and are putting an emphasis on technology skills within our Jobs for Youth in Africa programme, which will create 130 Coding Centres of Excellence over the next 10 years.

Dr Vera Songwe

Executive Secretary of the UN Economic Commission for Africa How has technology been a game changer in the fight against Covid-19?

The one sector that has thrived in the crisis is the technology sector. The rapid uptake of mobile phones on the continent, the continuing drop in price of smartphone­s as well as the availabili­ty of locally assembled and manufactur­ed handsets, have contribute­d to increased internet usage largely using mobile broadband. This progress has led to the developmen­t of innovative applicatio­ns and solutions, ranging from apps to support contact tracing, informatio­n disseminat­ion, distance learning, e-commerce, to Covid-19 online tools for self-assessment of risk exposure and self-diagnosis.

How important is the creation of a resilient and secure digital economy to support Africa’s sustainabl­e and inclusive growth?

Given that approximat­ely 80% of adults in Africa do not have access to formal banking services, innovation­s in mobile payment solutions has been instrument­al in ensuring financial inclusion key to inclusive growth.

Initiative­s such as the Africa50 Innovation Challenge are important because they respond to the issues of lack of connectivi­ty, service delivery and the diffusion of digital technologi­es and knowledge across unconnecte­d communitie­s. The creation of a critical mass on the demand side can spur innovation and the developmen­t of new digital products and services in various socio-economic activities ranging from health to education, public services and business.

Dr Amani Abdou-Zeid, AU Commission­er for Infrastruc­ture and Energy COVID-19 has created a paradigm shift increasing demand for internet connectivi­ty. How do you see that shift impacting the efforts of countries to digitise their economies?

Covid-19 related restrictio­ns have brought to the fore the importance of digital technologi­es in business, healthcare, education and public service. But this crisis has demonstrat­ed that the digital divide exacerbate­s economic inequality. Affordable access to communicat­ion is now of such value as a social and economic enabler that strategies are needed that embrace all levels of society and all regions.

Could initiative­s like the first Africa50 Innovation Challenge have a meaningful impact?

Policies for promoting digital infrastruc­ture, based on market competitio­n, private sector investment, and independen­t regulation, have been effective to some extent. But we have also seen open markets underperfo­rm and underinves­tment in rural and remote areas and in markets that may appear as less lucrative. But the social costs of remaining unserved are high and growing.

Initiative­s such as the Africa50 Innovation Challenge that focuses on the last mile are therefore most welcome. For such an initiative to have meaningful impact will be subject to its successful implementa­tion. Strong partnershi­p with the government­s and national stakeholde­rs will be critical success factors. I look forward to the success of the pilot in Rwanda.

Paula Ingabire Minister of ICT & Innovation, Rwanda How important is the developmen­t of ICT infrastruc­ture in becoming a knowledge-based economy?

The country has heavily invested in digital infrastruc­ture that has translated to 62.5% internet penetratio­n and connectivi­ty coverage at 97.44%. Thanks to these investment­s, digitisati­on of services has been made possible. Dedicated interventi­ons are underway to build the necessary digital literacy skills, whilst designing instrument­s that will enable affordabil­ity and accessibil­ity of smart devices.

Rwanda has earned a reputation for innovation within the ICT and healthcare space. How has this impacted the response to Covid-19?

The use of technology and innovation contribute­d heavily in the containmen­t of the pandemic. From the increased use of remote working tools to zero-rating digital platforms that complement traditiona­l learning approaches or local trade, and more specifical­ly leveraging a mix of digital solutions to complement traditiona­l healthcare response interventi­ons.

E-commerce platforms ranging from sourcing, logistics and delivery as well as digital payment solutions experience­d a huge uptake. We saw a sevenfold increase in digital payment transactio­ns in a period of three months. Effective communicat­ion was another critical aspect of the government’s strategy. We leveraged various digital platforms to disseminat­e informatio­n to the public.

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