THE STANDARD By Charles Onyango | February 21st 2021 at 00:00:00 GMT +0300 President Uhuru Kenyatta and Public Service CAS Rachel Shebesh wave to residents after opening Ushirika New Hospitals in Dandora. [Boniface Okendo, Standard] African leaders have publicly recognised the importance of investing in research and development (R&D). In 2007, the AU Heads of State summit endorsed a target to allocate one per cent of their GDP to R&D. In 2018, ten African heads of state and government committed to increasing investments in education, science and technology. The leaders have also drawn up a continental blueprint for science, the African Union’s Science, Technology and Innovation Strategy for Africa (STISA 2024) and adopted the Sustainable Development Goals and the African Union’s Agenda 2063, both of which recognise the importance of investing in science, technology and innovation.
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Inna Braverman CEO of Eco Wave Power The report, titled Innovation Outlook, Ocean Energy Technologies, states that of the oscillating body category of wave energy converters, the largest share are point absorbers, such as Eco Wave Power’s onshore wave energy technology, and that future projections suggest Point Absorbers will dominate the wave energy sector. According to the report, “Point absorbers is the technology that has been tested and deployed with the most operational projects in the water. This is due in part to their universal nature, as they can be scaled down to very small few-kW, purpose-built projects . . . up to large-scale units of 1 MW.”
That’s according to Solomon Tesfaye, the vice president of business development and capital markets at tZero Group Inc, a subsidiary of Medici Ventures, the venture capital arm of Overstock.com Inc (NASDAQ:OSTK). After spending a career in investment banking, venture capital, and operations within the industrials, technology and health care industry, Tesfaye told Benzinga he joined tZero to bring high-quality assets onto the firm’s private secondary market platform and to form strategic partnerships. Liquidity Is Key: Liquidity is the core differentiator between public and private assets, Tesfaye said. “Two times more capital is deployed in the private market space as opposed to the public markets but there’s 330 times more liquidity in the public space.”