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Africa urged to embrace innovations to spur economic growth

AFRICA’S Rockefeller Foundation has urged that innovation will play a pivotal role in securing the continent’s’ economic transformation.

In a statement over the weekend, it calls for harnessing innovation critical to building relevant solutions to complex development challenges in the 21st century.

The call followed a Nairobi meeting where the Foundation convened policy makers, academicians and the private sector from around Africa to discuss the pivotal role innovation will play in securing the continent’s economic transformation.

The Rockefeller Foundation continues to support innovative solutions to complex development challenges across Africa through its diverse network of grantees.

The Foundation’s initiatives on the continent are focused on building resilience to  shocks which impact the lives of poor and vulnerable people, as well as expanding  opportunity through more equitable growth.

Through its convening power, the Foundation is committed to encouraging the creation of partnerships and networks that promote innovation and a system-based approach to address persistent development challenges.Commenting on the convening, Eme Essien Lore, Interim Managing Director for the Foundation’s Africa Regional Office said:
“The Foundation continues to support a legacy of innovation on the continent; fresh and bold thinking in finding solutions to complex developmental challenges is becoming the norm rather than the exception.”

Dr Judith Rodin, President of The Rockefeller Foundation, opened the convening, calling on participants to engage actively in the conversations over the two-day session.

Ms Obiageli Ezekwesili, Senior Economic Advisor of the newly formed Africa Economic  Policy Development Initiative and former Vice-President, Africa Region, World Bank gave the key note presentation titled “Africa: Towards Strong, Sustainable and Inclusive Growth.”
Addressing the audience, Ms Ezekwesili reiterated the importance of indigenous solutions, saying that Africa is a continent rich in resources and ideas yet the poor have waited too long to see how this changes their daily life.

“We as Africans therefore need to develop solutions  that address our particular challenges in order to spur faster and more sustainable  economic growth.”

over 9 years ago