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Development Drivers in Africa: Role of Innovation

By: 
Hanson, Kobena; Léautier, Frannie A.
Publisher: 
ACBF
Date of publication: 
2011

Africa has recovered from the 2008-2009 financial crisis and posted high growth levels as seen before the crisis. The region has also been able to generate a sizable middle class of over 300 million people, who are educated, connected, and aware. Such success was possible partly because of the discipline in putting in place the right macroeconomic policies and managing to stick with difficult reforms despite the crisis. The key issue now is how to speed up development that reduces poverty and creates jobs in a sustainable manner. This paper argues that innovation in development is an additional factor underpinning Africa's development and that it is important to see how pro-poor innovation can further contribute to resolving the remaining challenges. We interrogate the work that is needed to spur innovation and conclude with the role of capacity development institutions such as the African Capacity Building Foundation to support innovation systems

Category: 
Occasional Papers

The remarkable achievements ACBF has registered over the past 26 years is not by accident in our opinion. They have come through hard work, dedication, commitment, purposeful leadership, support from the member countries as well as productive partnership building.


Mr. Lamin Momodou MANNEH, Director, UNDP Regional Service Centre for Africa , ,

The recognition of ACBF as the African Union’s Specializes Agency for Capacity Development launches the beginning of a new era for capacity building by ACBF, which will require an appropriate level of political commitment and financial support from all stakeholders.


H.E. Erastus Mwencha, Chair, ACBF Executive Board , ,

Ghana’s partnership with ACBF is a tremendous blessing for us and therefore the opportunity for Ghana to host the 26th ACBF Board of Governors Meeting is something that we treasure. 


Hon Ken Ofori Atta – Minister of Finance, Ghana , ,

Africa needs ACBF as much, probably more now, than at the time it was created in 1991.


Hon. Goodall Gondwe, Chair of the ACBF Board of Governors and Minister of Finance – Malawi , ,

ACBF has been granted the status of a specialized agency because of the potential to transform Africa through capacity development.

 


H.E. Thomas Kwesi Quartey, Deputy Chairperson, AU Commission , ,
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