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"Capacity continues to be the missing link for the continent to successfully drive its industrialization ambitions," says Kagiri. "This means that African governments need to focus on performance of the economy as well as capacity-building. It goes hand-in-hand."

"But with so many aspects of American economic ingenuity, high-tech startups have now truly gone global. The past decade or so has seen the dramatic growth of startup ecosystems around the world, from Shanghai and Beijing, to Mumbai and Bangalore, to London, Berlin, Stockholm, Toronto and Tel Aviv."

"But not all have already or are projected to recover by next year. China is the only major economy that has recovered already to pre-pandemic output levels, thus its 8 percent growth rate will look high due to the low base this year," she said.

"China has come a long, long way. It's been credited for that," he added.

"China has done much to promote gender equality, especially in the science sector."