Browsing: Education

• A report by the African Development Bank notes that today, at least a quarter of the continent’s population has internet access, a nearly fifty-fold increase in internet usage since the turn of the millennium.
• Mobile technologies alone have already generated 1.7 million jobs and contributed US$144 billion to the continent’s economy, or roughly 8.5 percent of GDP
• Accelerating digitalization, artificial intelligence (AI), cloud computing, robotics, and 3D printing – have obvious and important implications for education, employment, and the future of work

Leaders on the African continent must work harder to harness emerging technology to boost government performance, transparency, and inclusivity as the continent recovers from the Covid-19 pandemic.

They also need to ensure that the growing technological advancements across the continent are not used as a tool of repression, division, and conflict.

According to a study by the World Health Organization, 13 percent of all new or modified …

• Learning poverty is costing African young learners dearly
• Median international school fees in Africa span from US$4000 to US$10000 in Africa
• Free education in Africa is now available across most countries.

Education is the most valuable investment any country can have, but the COVID-19 pandemic places this priceless activity in a rather unprecedented position, threatening the fate of the next generation.

Various numbers and figures  make the latter clearer. According to International Schools Database, Median international school fees in Africa span from US$4000 to US$10,000 in Africa. According to a 2020 based study on 14 countries, the average spending mark on education in Africa was 4.77 per cent.

Out of 53 countries, at least more than 40 provide free education to children in Africa. These numbers are a glimpse of how education is crucial to developing economies, Africa to be specific.

Read: World Bank invests in East Africa’s vocational education…

Even though the Covid-19 pandemic has shown that the world is shifting from physical learning- in physical classrooms- to online learning, there still are numerous opportunities in providing infrastructure for learning to take place.

As has been the case in many African countries, there are rarely enough structures- classrooms and all- to cater to the schooling needs of the majority. As such, the government which has the land resources will need to expand and improve current structures to accommodate the evolving needs in education.…

Over 250 top-level speakers and panelists including a huge range of Africa’s most important investors, dealmakers, and business leaders, have been confirmed ready to attend the Annual AFSIC-Investing in Africa forum that is scheduled for October 11^th and 12th in London, These Key Figures in the Corporate world will unpack the increasing global investment momentum into Africa’s growing public and private sectors as well as highlighting new growth opportunities across the continent.

The agenda of AFSIC 2021, remains investment-focused, with several of the most experienced and successful asset management firms investing in Africa sharing insights into where the smart money is investing, and business leaders running some of Africa’s most exciting growth companies showcasing new investment opportunities, with focused streams in Banking, Building, Healthcare, Agriculture, Fintech, Education and Sustainable Growth.

With ABSA Corporate Investment Bank heading up an impressive group of supporting sponsors, the conference will also feature …

Tourism and education sectors are the prime areas that the government of Rwanda is looking forward to develop through cooperation with the government of Seychelles , this is according to the newly accredited high commissioner of Rwanda to the Island nation.

Major General Charles Karamba presented his credentials to President Wavel Ramkalawan at State House in the capital city of Victoria.

Speaking today April 27, Charles Karamba said that the two countries enjoy an excellent good relations adding that Rwandan President Paul Kagame was amongst the first to congratulate Seychelles’ head of state when he assumed power six months ago.

The high commissioner who was speaking to the media said that among other key areas of co-operation Tourism was the top most Agenda between the two African Nations.

“Seychelles is highly developed in the tourism industry. Rwanda is doing a great job. There is a lot that we need to …

Education Business

Exeo capital, an African alternative investment firm, has acquired the Pearson Institute of Higher Education. The acquisition, a joint initiative between EXEO Capital and Stellenbosch Graduate Institution, is set to widen availability and access to higher education in Africa, particularly South Africa. 

Person Institute Of Higher Education operates across 12 separate campuses in South Africa covering over 7000 students. 

The institute of higher learning was formed through the union of CTI Education Group and Midrand Graduate Institution in 2010. The institution offers academic and career-oriented learning programs. 

The investment aims to scale the operation of Pearson Institute within South Africa as well as expand into the pan African market. 

The demand for higher education remains high given the rising population and increasing middle class in Africa. The investment firm projects that the business of education in Africa is anticipated to quadruple in the next ten years. They are …

Continent-wide, over 640 million Africans have no access to energy which corresponds to an electricity access rate for African countries at just over 40 per cent. …

Digital education in Africa is a precondition for the continent’s socio-economic transformation and the survival of its people.…

Following recent announcements from the government, Mozambique’s BNI (Banco Nacional de Investimentos) is about to launch two credit lines to assist the country’s SMEs to mitigate the effects of the COVID19 pandemic.

Small and medium companies represent the core of the country’s formal/ informal economy and have been heavily affected by the pandemic. The new credit lines are due to be officially announced by BNI this week and will address specifically SMEs, hospitality and education with an expected interest rate below the market rates.

Also Read: Legal pointers for Mozambique SMEs

The credit lines are meant to assist companies affected by COVID-19 in the entire country and are being financed by the government and the INSS. BNI expect the credit lines to address such issues as maintenance, restitution and the increase of jobs and household income as well as to provide some much breathing room cashflow in affected companies.

Although …

World Bank Group, Tanzania’s biggest lender has approved a $500 million education loan, after a series of delays triggered by various concerns related to banning pregnant students from public schools, drawing harsh criticism from human rights activists and politicians.

The lender froze $1.7 billion in loans to Tanzania in 2018 following both the pregnant student ban and a harsh statistics law. It started releasing funds again to the East African country last September.

According to information from the World Bank, the $500 million Secondary Education Quality Improvement Project (SEQUIP) will directly benefit about 6.5 million secondary school students by strengthening government-run schools and establishing stronger educational pathways for students who leave the formal school system.

However, the terms of the loan, which is designed to improve secondary school access, give pregnant students – who were forced to drop out – a chance to complete their schooling through alternative public education …