Top Stories
Africa development_GBO_Image

Paul Kagame emphasise on tech investment to drive Africa’s growth

Smart Africa Alliance programme will fulfil Rwanda's quest to invest in technology including Africa’s development

Rwanda’s president Paul Kagame believes that tech investments will drive Africa’s economy, media reports said. He addressed world leaders such as Israeli Prime Minister and Colombia’s President Ivan Duque through a virtual event organised by World Economic Forum.

Mr Paul Kagame shared many important events including Rwanda’s ambitions towards the establishment of a steady economic growth through investments in the technology space. It is reported that the country has continued to prioritise investment in technology, broadband and digital skills over the last 20 years.

Technology has the potential to solve the continent’s social and economic problems which have dragged Africa behind other continents in terms of development. That’s why Mr Paul Kagame supports investment in technology and infrastructure.

It is reported that the Smart Africa Alliance programme will fulfil Rwanda’s quest to invest in technology including Africa’s development.

Mr Paul Kagame, told the media, “The Smart Africa Alliance which we have created with other countries on the continent brings together the private sector and government leaders to play a central role. It will harmonise the regulatory environments across Africa so that countries know what to expect from each other. Rwanda has enjoyed partnership with technology companies, highlighting the case of Zipline which has partnered with the government to deliver medical supplies to rural hospitals. The country has extended partnership with countries including Israel and Singapore that have enabled the country to build technological capabilities.”

Africa has abundant natural resources such as crude oil and many others which can boost the continent’s economy growth but lack of technology has hindered the development for many years.

Related posts

Koscom acquires 92.66 percent stake in HSBC Fund Services Korea

GBO Correspondent

Moody’s affirms Kuwait’s rating at ‘A1’ on strong fiscal buffers

GBO Correspondent

Silicon Valley Bank plans to take over Boston Financial for $900 mn

GBO Correspondent