Summary of discussions: Deloitte breakfast at the World Economic Forum on Africa
Innovation as a New Driver of Growth in Africa
Many African states require structural change for significant economic improvement. The impact of structural change is however only felt in the long term, taking up to a generation in order to see a turnaround, as was the case with Asia’s development model. With complex socioeconomic challenges across the continent, questions about how long it will take African economies to structurally change and whether the required change can be fast-tracked through innovation were raised at the Deloitte breakfast during the World Economic Forum on Africa in Kigali earlier this year.