When Knowledge Isn’t Power

“I wanted to be here because Africa is on the move,” US president Barack Obama told an energetic crowd at the Global Entrepreneurship Summit in Nairobi in July.

The president’s visit underscored his support for the idea that investment in technology and innovation can propel African economies forward in ways that agriculture, manufacturing and natural resources have not.

Yet two decades after the OECD began promoting the idea that reorienting Africa’s economies towards knowledge generation could fast-track development, none of the region’s 54 nations are yet able to compete on a global scale.

Read the full article at The Financial Times’ This Is Africa blog.