However, the region leads the world in the number of people with mobile money accounts. Nevertheless, the number of people who do not have access to banking services is still high presenting a genuine need and an opportunity for banking technology innovation and investment.
These technologies are expected to change the way that we travel, learn, and transact. However, this forecast is less clear for the least developed countries LDCs. According to a United Nations studyscience and technology and resource and development remain limited in LDCs—several of which are in Africa.
So, the question is: In latethe U.
General Assembly and Member States operationalized a new mechanism that may provide an answer to this question.
This mechanism is called the Technology Bank. The Technology Bank is a new entity guided by a Council of thirteen independent experts in science, technology, and innovation STI and development cooperation.
Set to begin operations inthe Technology Bank could present a window of opportunity to tap into and expand innovation in Africa. Important for stakeholders, here are three key features of the Bank: Member States in the Addis Ababa Action Agendanegotiated the Technology Bank as one of over one hundred concrete measures for implementing the sustainable development goals SDGs.
Sustainable Development Goal 17 specifically envisions the Technology Bank as a means to build robust STI bases by improving technology access, acquisition, and utilization SDG target Cooperation would also focus on the development, transfer, dissemination, and diffusion of environmentally sound technologies on favorable terms SDG target The Technology Bank also advances collaboration to support other sustainable development goalswhich include: In this way, the Technology Bank is designed with an eye towards long-term collaboration and technological change.
It will also foster collaboration between LDC researchers, research institutions, and public entities. C Coordination though the Management Support, Partnerships and Coordination Unit This third unit aims to ensure synergies and coherence across the different work streams of the Technology Bank, and coordinate with relevant stakeholders on Bank activities.
With effective management of IP rights through the IP Bank, there may be more opportunity for businesses in computer technology and pharmaceuticals, to engage with African entrepreneurs.
Meanwhile leveraging knowledge networks and facilitating technology transfer in STIM may present an opportunity to make technological building blocks more widely available, while supporting human and institutional capacity to innovate. All three units are designed to work in concert to achieve the action items in the Strategic Plan.
As part of the host and contribution agreements, Turkey pledged to contribute approximately USD 2 million annually for five years, and provide personnel and offices for the premises in Gebze.
Under the Charter, these and other contributions will be kept in a Trust, subject to audit by the U. Additional resources, however, require input from Member States. Therefore, the overall sustainability of the Technology Bank, may be determined by stakeholder contribution.
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Nine Technological Innovations from Africa In recent years, the African Union has concentrated on better ways that to solve local problems.
Facing a lot of challenges, the continent is raising a generation of innovators who are making a big investment in Africa technology development taking a creative approach and non-standard thinking. Can Organic Farming Feed Us All? The only people who think organic farming can feed the world are delusional hippies, hysterical moms, and self-righteous organic farmers.
Right? Actually, no. A fair number of agribusiness executives, agricultural and ecological scientists, and international. Technological Innovations and Banking in Ghana: An Evaluation of Customers’ Perceptions JOSHUA ABOR University of Ghana, Legon Abstract In Sub-Saharan Africa, developments in information and communication technology are radically changing the way business is done.
The Sixteenth Annual International Conference on Policy Challenges for the Financial Sector, co-hosted by the World Bank Group, the International Monetary Fund, and the Board of Governors of the Federal Reserve System, took place on June , in Washington, D.C..
The central theme of this year’s conference was “Finance in Flux: The Technological Transformation of the Financial Sector”. JoziHub Kenya is one of the leading technology innovators, however this noted hub is in Johannesburg, South Africa. The JoziHub incubator helps kick start and accelerate innovation in the tech and social spheres.