Kenyans have been ranked second in Africa for being the most innovative people on the continent. According to a report by World Intellectual Property Organization, Kenya was beaten to the top position by South Africa.
Countries are ranked according to investments made on innovation and based on an index dubbed the Global Innovation Index (GII) 2021. In the current report, countries heavily invested in innovation despite the pandemic that was brought by Covid-19.
“Many sectors have shown remarkable resilience – especially those that have embraced digitalization, technology and innovation,” said WIPO Director General Daren Tang as quoted by its official website.
Top-ranked countries are those that heavily invested in scientific output, research and development in intellectual property. In Africa, South Africa was followed by Kenya (2nd) while Tanzania came in the third position.
Globally, the three were in positions 60, 86 and 90 respectively. Other African countries that were ranked highly include Namibia (100), Rwanda (102), Madagascar (110), Zimbabwe (113) and Burkina Faso (115).
It is worth noting that Kenya and Tanzania are the only countries to have maintained their position in the top 100 globally while at the same time improving tremendously over time.
Mauritius leads venture capital leads while South Africa are the best in the African continent when it comes to market capitalization.
Countries that were ranked top five in the world include Switzerland, Sweden, the United States of America, the United Kingdom and the Republic of Korea in that order.
WIPO Director also noted that Africa is the continent with the highest number of overperforming economies in innovation.
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