According to estimates, Africa's population will reach 2.4
billion by the year 2050. This will, in turn, create considerable
opportunities in terms of economic growth which also creates
opportunities in terms of innovation and a knowledge economy.
Countries in Africa that have achieved rapid and sustained
economic growth rates, which are projected to continue, include:
Uganda, Benin, Kenya, Tanzania, Senegal, Ivory Coast, Ghana,
Rwanda, Ethiopia and Libya.
As the African continent presents a large market with huge
potential for economic growth and development, multi-national
corporations are actively filing patents across the African
continent. With a rapidly growing and evolving market in Africa,
foreign intellectual property (IP) owners are extending their IP
protection to Africa and commencing business operations here.
