Faced with record unemployment of 32.8%, the South African government, supported by its partners, has launched a $53 million fund to stimulate technological entrepreneurship within universities. This initiative follows on from the TIMBUKTOO initiative presented at DAVOS, aimed at countering the effects of business relocation and productivity challenges.
In the wake of the COVID-19 crisis, African leaders have realised the importance of digitisation in revitalising their national economies and optimising tax revenue collection. Start-ups in search of growth are turning to investment funds, with a focus on the digital economy and financial inclusion.
In the current context of digitalisation, African nations, supported by international bodies, are placing digital development at the heart of their continental strategies, thereby catalysing the transformation of education.