<p>Intellectual Property Rights are often considered as serious obstacles to trade and the transfer of technologies related to the conservation of biological diversity, which just exactly identifies with one of Albert Einstein&rsquo;s statement &quot;Imagination is more important than knowledge.&quot; <br />

African countries are rich in biodiversity and indigenous knowledge which has flowed freely to the developed countries. However global market trends are such that Africa must urgently address issues pertaining property rights if they have to fit into the global economy and also stimulate inventions and innovations. The challenge facing Africa is how to produce high quality goods and services while at the same time tackling aspects of poverty and unemployment. Africa is seen to participate in IPR as late comers already faced with other priority issues and lacking capacity to enforce IPR regimes.<br />

Intellectual property (IP) and intangible asset (IA) issues abound throughout the business world, touching nearly all aspects of a company, from product development to human capital, and staff functions such as legal, accounting, finance to line operations( <a title="stone production line" href="http://www.china-crusher.com/stone-production-line.html">stone production line</a> ) such as R&amp;D, marketing and general management. This wide diversity of IP applications and stakeholders is a leading contributor to the complexity of managing IP, as each field has its own legal, regulatory and practitioner history.<br />

Intellectual Property rights is the term that describes ideas, inventions, technologies, artworks, music and literature that are intangible when first created, but become valuable in tangible forms as products. The list of inventions and innovations rarely indicates participation from Africa, falsely creating an impression that Africans are not creative and innovative. On the contrary however, long before the colonialist came to Africa, the African people had started ventures in medicine, iron smelting, arts, music, house building, and bead making and curving. The power of innovation was also exhibited in the way they preserved fire for later use, stored foodstuffs and the very fact that they could light a fire by rubbing two sticks together.<br />

&nbsp;</p>