New Venture Competition

In this session, we will hear from experts across sectors to posit how we can take an interdisciplinary approach to accelerating Africa’s development in the next decade and beyond. Grounded in an understanding of the largest opportunity gaps, this session will focus on innovative solutions for inclusive growth. In addition to looking at on-the-ground enablers, such as technology, education, and public-private partnerships, we will focus on how the diaspora can support Africa’s growth journey.

There continues to be a significant gap across the African continent with regards to increasing access to high quality and affordable healthcare. Brick and mortar healthcare solutions continue to play a major role in improving access to care, accelerated by the push toward Universal Healthcare Coverage. Technology has demonstrated the ability to strengthen health systems, leveraging existing platforms to increase access. These innovative strategies such as digital health are needed to ensure long term success in the continent. However, their successful deployment on a wider scale faces several challenges on the continent. We will be discussing the opportunities, the risks and myths associated with digital health transformation and the successes achieved to-date.

At the center of long-standing debate is whether emigration from Africa has caused the continent more harm than good. According to reports, more than 70,000 skilled people leave the continent annually yet foreign inflows to the continent from Diasporan remittances have grown exponentially in the last decade to reach more than $50 billion each year. Beyond remittances, research has also shown that continuous engagement with the Diaspora can accrue additional benefits to the continent through increased trade, investment and knowledge transfer. Moreover, the Diaspora is also believed to have played a major role in promoting the adoption of African music and shaping the narrative of Africa on the global stage. This panel will discuss how Africa can strengthen its ties with the large Diasporan community around the world and foster deeper connections for mutual benefit. Does every country need a “Beyond the Return" campaign like Ghana or are there other creative levers the continent can pull to better engage its Diasporan community?

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