Investing for innovation in Africa

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Africa possesses significant potential to realize its capabilities in the coming decades, particularly in technological and entrepreneurial innovation. There are strong opportunities for acceleration through international and cross-sectoral cooperation, as the realm of Science, Technology, and Innovation (STI) increasingly depends on collaboration. Understanding Africa’s key players, opportunities, and challenges is essential for the European Union and various European stakeholders to effectively contribute to and benefit from the continent's evolving innovative landscape. This report provides an overview of the innovative capabilities across Africa, from the Maghreb to the Serengeti, highlighting the roles of incubators and venture capital investors. It offers a detailed analysis of how different countries are positively influencing regional and global markets by examining core innovation indicators alongside insights into the opportunities they present. Considering the region's unique characteristics—such as its youthful, growing population, increasing internet usage, and the adoption of emerging technologies—it is evident that the future global market will be significantly shaped by the innovative solutions emerging from this dynamic continent.