Zambia ranked politically and economically stable by the Global Innovation Index

Zambian President Edgar Lungu
Zambian President Edgar Lungu.

The Global Innovation Index (GII) has ranked Zambia as a politically and economically stable country standing at 54 of the 126 countries that have been graded in political and economic stability in 2018.

Zambia, lower middle income country has also been categorized as one of the countries with a record of adherence to the rule of law and has been ranked 80 from among the 126 countries that have been graded by the Global Innovation Index.

According to the Global Innovation Index, Zambia is among the countries in the Sub-Saharan Africa that has performed relatively well in innovation and that the region and Africa as a whole has been urged to preserve its current innovation momentum.

The 2018 edition Global Innovation Index themed; “Energising the world with Innovation,” is prescribing a holistic approach to innovation for developed and emerging economies particularly in the energy sector.

The 2018 GII edition states that in today’s connected world, increasingly driven by technology, communication and super human intelligence, energy has become the fundamental element that makes everything possible and that Zambia has shown strength in general infrastructure development including investment in the energy sector.

The report says innovation in technology, energy, agriculture and other sectors often does not need one to be politically correct to be innovative as the degree of freedom to be innovative has the potential to reduce inequalities in developed and emerging economies.

The report was launched at the side event which was organized by the World Intellectual Property Organisation (WIPO) at Cornell University Campus at Roosevelt Island during the ongoing High Level Political Forum (HLPF) at the United Nations (UN) in New York.

According to the report, Zambia has shown strengths in the category of ease of starting business and ease of resolving insolvency.

In Sub-Saharan Africa, South Africa, Mauritius, Senegal, Rwanda and Kenya are leading the way in innovation while China has also shown the way exceeding the United States and that China’s innovation is being felt by many economies across the globe.

Zambia has generally posted some strengths in governance institutions under the categories of political environment, regulatory environment and business environment.

The GII further reveals that Zambia has shown strengths in infrastructure under the categories of information and communication technologies, general infrastructure and ecological sustainability.

The GII explains that energy demand is reaching unprecedented levels as a result of growing world population, rapid urbanisation and industrialization and that higher levels of technological and non-technological innovation are required to meet the global energy demand.