The government will continue to support the Nairobi Innovation week as a national programme. The annual exhibition and conference seeks to bring together innovators, entrepreneurs, investors, private sector, development partners and research centers to engage in policies to support the ICT sector.
Themed ‘Innovating to solve pressing local and global challenges’ offers a platform to feature and encourage innovation over and above networking and sharing knowledge.
The ICT Cabinet Secretary, Mr Joe Mucheru, who officially opened event today, March 8 on behalf of the President started off by first congratulating the University of Nairobi for organizing this event and for consistently leading other partners in enhancing the program to a global scale.
“Innovation capacity has to be built early and be embedded in the development process. T he youth need to be encouraged to get into the innovators hub, develop innovations & earn an income to promote a job creating mentality instead of job searching,” Mucheru said.
He further added that government will support companies that exploit Kenya’s rich innovative culture as it continues to provide an enabling legal and policy environment, increase Research and Development (R&D) funding to enhance innovation in universities.
Mucheru also made it clear that the issue of Safaricom and M-Pesa split through a proposed legislative amendment is not supported by the government. M-Pesa platform is a national pride with over 26 million subscribers, and is often cited in global Fintech forums.
AfDB being present at the opening through its Regional Director Gabriel Negatu announced that it will set up a US$3 billion fund to support young African entrepreneurs.