The initiative is a big boost for African technology and start-up firms after venture capital inflows plummeted last year.
Development Programme, African governments and the private sector plan to raise US$1-billion and open a string of technology hubs across the continent to boost start-up innovation.
“It’s a key milestone in the journey towards sparking a start-up revolution on the continent,” said Ahunna Eziakonwa, assistant secretary-general and director of the UNDP Africa Bureau.Other tech hubs to launch in 2024 include a Healthtech hub in Kigali, Rwanda, an Agritech hub in Accra, Ghana and a Minetech hub in Lusaka, Zambia, the UNDP said.
Africa is home to the fastest-growing and most youthful population in the world, with tech-savvy youngsters increasingly using their mobile phones to bridge gaps in services.
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