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Innovations in Emerging Economies - Africa

  • March 2014
  • -
  • Frost & Sullivan
  • -
  • 47 pages

Summary

Table of Contents

The 21st century is called the African century, a nod to the potential the continent holds for cultural, political and industrial revival. The global interest in Africa is powered by recent innovations in healthcare, information technology, automation and chemical markets. This report highlights sheds lights on some of the recent trends in these markets


Key Findings


Healthcare: Innovations in healthcare are a result of enthusiastic local as well as foreign aid and support. Locally, innovations circle around developing cheaper and sustainable devices and services, whereas, global funding is focussed on research and development and infrastructure development amounting to billions of dollars. Areas of interest include: malaria treatment and vaccination, HIV/AIDS research, effective distribution of drugs and devices and long term investments in hospitals, research centres and educational institutes.


Information & Communication Technology: There is a lot of untapped potential in Africa for the sensors and microelectronics technologies. Data is key for developing a sustainable environment in which sensors can play a pivotal role. The need is for low cost solutions which cater to specific needs of the African consumer. Manufacturing is a key sector in Africa which can benefit from modernization.


Materials & Coatings: Innovations in materials and coatings are aligned along the need for cheaper and sustainable materials for industry and consumer products. Innovations include thin films for solar cells, biomaterials, ceramics and protective coatings for agriculture and farming.


Automation & Electronics: Major Multinational companies such as Philips, IBM, and General Electric (GE) are investing in manufacturing and innovation centres in Africa. In A&E, the focus is on developing low cost solutions that has a higher chance of penetration than technologically advanced high cost solutions

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