Connect with us

Hi, what are you looking for?

Capital Business
Capital Business
Google.org, has announced a Sh100 million grant to promote safe internet use by children, young people and families in Africa/FILE

Kenya

Africa should increase investments in technology: Zambian experts

Experts say China and Israel are classic examples of how deliberate efforts to invest in technological advancements can turn around economic fortunes of a country.

LUSAKA, Dec. 29 (Xinhua) — Zambian experts have urged African countries to intensify efforts aimed at advancing the use of modern technology if the continent is to fully realize its potential.

The experts who spoke in separate interviews said a lack of adequate investments in technology and natural science based fields has kept many countries on the continent from realizing their economic potential.

Stephen Manchinshi a bio-scientist told Xinhua in an interview Sunday that Africa would do well to focus more on initiatives that serve to bring about technology transfer. Manchinshi further implored developing countries to take a leaf from China and Israel, which according to him are classic examples of how deliberate efforts to invest in technological advancements can turn around economic fortunes of a country.

“The economies of countries like China and Israel are thriving because of massive investments in technology and natural science-based fields. Technological advancements are playing a key role the vibrancy these economies,” he asserted.

And, economist Misheck Mwanza said research centers in a number of developing countries continue to operate below par because they lack even basic equipment and financial resources. “Some research centers which are a key component of economic development do not even have simple things like test tubes. The human capital is there in abundance but the means to carry out research are almost none existent,” Mwanza said.

He further stated technology is the driver of development and that developing countries risk remaining underdeveloped if they do not adequately invest in technological advancements.

Click to comment
Advertisement

More on Capital Business

Executive Lifestyle

NAIROBI, Kenya, Mar 12 – The country’s super wealthy individuals are increasing their holding of bonds, gold and cash, a new report by Knight...

Ask Kirubi

NAIROBI, Kenya, Mar 9 – Businessman and industrialist Dr. Chris Kirubi has urged members of the public to exercise extreme caution when making any...

Ask Kirubi

NAIROBI, Kenya, Mar 24 – Businessman and industrialist Dr. Chris Kirubi is set to own half of Centum Investment Company PLC, following a go-ahead...

Ask Kirubi

It is without a doubt that the COVID-19 pandemic has caught the whole world by surprise. Although its full impact is yet to be...

Headlines

NAIROBI, Kenya, Mar 18 – Commercial Banks have been ordered to provide relief to borrowers on their personal loans, with loans eligible from March...

Kenya

NAIROBI, Kenya, Jun17 – Kenya’s tea leaves manufacturer Kericho Gold, has been awarded the Superbrands Seal by Superbrands East Africa for their quality variety...

Coronavirus

NAIROBI, Kenya, Apr 13 – As the local telecommunications industry gears up to roll out 5G networks in the country, the Communications Authority of...

Coronavirus

NAIROBI, Kenya, Mar 22 – Airtel Kenya is offering free internet access for students in order to enable continued learning at home in the...