Two things that can greatly alleviate poverty and other socio-economic disparities on the African continent are youth employment and entrepreneurship1. The fourth industrial revolution is presenting opportunities for youth innovation and entrepreneurship. It is imperative that Africa’s youth be empowered to enable them to overcome technology skill shortages and competencies1. South Africa is facing one of its biggest challenges yet,...
Innovation and Intellectual Property Systems in Africa The United Nations projected that by 2050, Africa’s population would more than double and increase from 1 billion in 2019 to 2.4 billion in 20501. This will be a young population as half of it will be under 25 years of age1. Concerns have been raised about the capacity of the African economy...
Small and medium enterprises (SMEs) are the engines of the world economy. Over 90% of businesses worldwide are SMEs and 70% of people that are employed in the private sector, work at an SME. SMEs are key drivers to job creation, innovation and growth. According to the World Bank, “relative to large firms, SMEs enhance competition, entrepreneurship, job growth...
What came first, the chicken or the egg? Do intellectual property rights promote more innovation and technological advancements or is necessity indeed the mother of all invention? In other words, with or without the incentive of Intellectual Property Rights (IPR), would we still have rapid advancements in technology and other fields? These questions become even more pertinent in these times...
