These have been identified as the main hindrances to Africa fulfilling its potential as a global innovation hub. WIPO’s Global Innovation Index (GII) 2022 tracked the current state of innovation globally and their most recent report lists Kenya, Morocco and South Africa as some of Africa’s most innovative nations. In South Africa, the Reserve Bank has adopted regulations around the currency, formalising its use. “It will encourage the growth of blockchain and crypto businesses, I do believe, in South Africa,” Mallam said. Zoho South Africa is lauded as one of Zoho’s fastest growing teams in the Middle East and Africa.
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