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.

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