African Companies Skyrocket Despite Economic Uncertainty - IT News Africa - Up to date technology news, IT news, Digital news, Telecom news, Mobile news, Gadgets news, Analysis and Reports

Amidst global economic uncertainty, African companies are placing innovation at the forefront of their strategies for 2023., a staggering 83% of African executives consider innovation as one of their top-three priorities, surpassing the global average of 79%.

Justin Manly, a BCG managing director, partner and co-author of the report, highlights the increasing correlation between innovation, growth, and competitive advantage. Amazon remains a strong contender at third place. Notably, the rankings include nine new entrants, showcasing the dynamism and resilience of innovative companies.While there are no African companies among the top 50 innovators, African firms demonstrate a similar level of innovation readiness compared to their global counterparts. The transportation, durable goods, and materials sectors in Africa exhibit superior average i2i scores, indicating a higher level of innovation output.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

72% of South African companies don't file annual returns - TechCentralSome 72% of companies in South Africa don’t submit annual returns and therefore don’t meet basic legal requirements.
Source: TechCentral - 🏆 8. / 71 Read more »

Companies hesitate on quick fix to lower cow methane emissionsFeed additive can slash the greenhouse gas from cattle by 30%
Source: BDliveSA - 🏆 12. / 63 Read more »

Private companies team up to tackle pothole crisis in South AfricaDiscovery Insure and Avis have partnered with the Johannesburg Roads Agency to tackle potholes in the city that are estimated to cost R500 million in damages every month.
Source: BusinessTechSA - 🏆 24. / 61 Read more »

Mining companies eye the last unspoilt strip of the Western Cape’s west coast | BusinessSRK Mining wants to prospect for diamonds and Nekwana Trading Enterprise wants to prospect for heavy minerals, kaolin and gemstones. | GroundUp_News
Source: News24 - 🏆 4. / 80 Read more »

Mining companies eye the last unspoilt strip of the Western Cape’s west coastThe last, relatively pristine section of the Western Cape coastline between the Olifants River and the Northern Cape border is threatened by two new mining-related applications.
Source: mailandguardian - 🏆 2. / 92 Read more »