A new report released Tuesday ranked Kenya as the 78th most innovative economy in the world and third in Sub-Saharan Africa.According to the “Global Innovation Index 2018,” South Africa takes the top spot among all the economies in Sub-Saharan Africa at position 58th globally, followed by Mauritius and Kenya at position 75th and 78th respectively.
The report noted that a number of Sub-Saharan African economies perform relatively well on innovation, when comparing performance to level of economic development.
“South Africa takes the 58th position this year. It shows strengths in its sophisticated market and business sector. Other strong indicators: access to credit, market capitalization, university and industry research collaborations, cluster development and intellectual property payments,” stated the report issued in Nairobi.
South Africa is improving in the quality of its science papers and its universities, especially for the University of Cape Town, the University of Witwatersrand and Stellenbosch University.
Mauritius came in second in the region because of strong political, business and credit environments. Other particular strengths included political stability and safety, government funding of secondary students, efficiency of energy use and trade.
Kenya, the report noted, achieved high levels of innovation relative to its level of development – a continuous performance since 2011.
Strengths for Kenya are access to credit (especially microfinance loans), innovation linkages and exports of creative services, such as research and development financed from abroad, workforce efficiency and printing and other media.
China broke into the world’s top 20 most-innovative economies as Switzerland retained its number-one spot in the GII ranking published annually by Cornell University, INSEAD and the World Intellectual Property Organization and GII Knowledge Partners.