The COVID-19 pandemic has crippled much of the global economy, with potentially disastrous impacts for many African nations. But there are signs of hope, too. Fred Swaniker, a Ghanian entrepreneur and leadership expert, says that a generation of young entrepreneurs is already working across the continent to develop new and innovative enterprises in the face of hardship.
“If we reimagine how we live and do business on the continent, we can actually turn this into an opportunity and not a crisis,” Swaniker said during Tuesday’s TIME100 Talks.
While Swaniker recognizes that a global economic recession will make it harder for African countries to grow their economies and create jobs, he believes that the constraints posed by the virus “will drive innovation.” The shift toward online, remote work, for example, could open up new employment opportunities for some of the best-educated Africans, without them needing to leave the continent.