The World's Most Innovative Cities Might Not Be Where You Think

The World's Most Innovative Cities Might Not Be Where You Think

3 years ago
Anonymous $f-b3Pf4iLZ

https://www.entrepreneur.com/article/368132

When one thinks of business growth and innovation hubs, some of the hot spots that immediately come to mind include Silicon Valley, New York, Tel Aviv and Berlin. What about Addis Ababa, Ethiopia? Or Mogadishu, Somalia? Such cities and other parts of Sub-Saharan Africa are still falling behind the developed world, but they don’t need to be. The technology to significantly boost the continent’s business infrastructure exists — it’s time we put it to use.

Africa's population is growing at a rate of 2.7 percent a year, which is more than twice as fast as those of South Asia and Latin America. That means Africa is growing by the size of France’s population every two years. By 2030, it will be home to nearly 1.7 billion people. Rising political stability in recent years, combined with improvements in regional integration, is making market access easier for businesses worldwide. Naturally, business expansion in the continent will generate jobs for the vast majority of its population.