Browsing: employment

• 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 …

In this context, it is only intelligent and strategic for any country, especially developing economies, to start laying down foundations on how they will work in the coming future.  We take a look at Tanzania. 

The WEF argues that new technologies, demographic shifts, and the impact of COVID-19 on the labour market have been radically transforming how organizations conduct business and the type of skills their human capital needs to support them thrive in this new era of work. 

“Nearly 50 per cent of companies expected that by 2020, automation will lead to some reduction in their full-time workforce, while more than half of all employees will require significant re-skilling and upskilling,” notes WEF. …

Since the advancement of the standard of living, most parts of the world have experienced a relatively rapid population growth than ever before which can be hugely beneficial for economic development if utilized strategically.  

Population growth is rapidly occurring in Africa, with Tanzania now hosting more than 59 million people in its vast, arable and mineral-rich land. This increase puts the East African country, which ascended last year to a low-middle-income status, in a much more advantageous position to move forward or experience a decline. 

The World Bank (WB) – one of Africa’s (and Tanzania’s) close development partner argues that Africa’s population is rising rapidly and will likely double by 2050. 

 READ:It’s a jumbo task as elephant population in Africa soars

“Africa will soon pass one billion people (it may already have) and could reach up to two billion people by 2050. This makes it the fastest-growing continent, and …

Synergetic Trees is embarking on a drive to invest in people, jobs, and the economy. The benefits of trees will increase exponentially if properly invested in. We can call upon nature’s power to build the resilience of the Earth and its inhabitants.  In the not-so-distant past, we have created thousands of entrepreneurs through vehicle such as The Institute 4 Success, Working on Fire, The First National Bank Incubator, to name a few.  With Synergetic Trees serving as our global platform, we plan to create millions of jobs, according to Dr. Bahadur CEO of Synergetic Trees. 

“Someone is sitting in the shade today because someone planted a tree a long time ago.”

― Warren Buffett, American investor and philanthropist

Making a difference starts from within, starting with one job created at a time. As national governments worldwide grapple with the devastating consequences of COVID-19, policies are being implemented that …

Recruitment in any industry requires due diligence and fact-finding so that a firm ends up with a suitable or better candidate than the previous one if recruiting for a vacated position. 

There are various ways to recruit including LinkedIn profiles, employee referrals, industry networking events, college recruitment fairs and the most popular one in Kenya, recruitment agencies. 

We will look at the last one because it seems to be the one tasked in recruitment by almost all insurance companies in this country. When these agencies get to work, they will of course look at previous experience for the position they are supposed to fill, and if it is a CEO’s job they will look at someone who has held that position before or a position very close to that. That is exactly where the problem starts. 

Most of these recruitment agencies are not specialists in insurance matters and most do …

Following COVID-19 pandemic-related travel restrictions, it is predicted that up to millions of African jobs will be lost in the aviation and aviation-related industries, according to a report by Air Transport Action Group.  The report revealed that 4.5 million jobs out of Africa’s 7.7 million aviation-related employment would be lost. Up to 172,000 jobs in the aviation sector alone have been lost by the end of 2020. 

Subsequently, the aviation sector in Africa is estimated to fall by 58 percent, that is US$37 billion, compared to pre-pandemic levels. 

Moreover, the Organisation for Economic Co-operation and Development (OECD) Employment Outlook indicates that the effect of the containment measures is worse than the 2008 financial crisis. The result of the current crisis has led to “an exceptional drop in activity and unprecedented job losses. Up to 10 times fewer hours were worked in some countries, compared with …

Africa is great and has the potential to be greater—economically. The youngest continent in the world stands to garner billions in the trade as its youngest generation present a potential to transform, the continent’s economic pillars, from agriculture to investment.

The region has more than 1.3 people and nearly 60 per cent of its population is under 25 years, according to United Nations Data for World Population Prospects 2017. This means that Africa can fetch healthy intra-regional and international trade growth if it utilizes its existing potentials.

As the African Continental Free Trade Area (AfCFTA) is around the corner to be domesticated (postponed due to virus outbreak), the trade pact could ignite Africa’s industrialization and boost income generation.

The trade pact connects more than 1.3 billion Africans in 55 countries with a combined gross domestic product of nearly $ 3.4 trillion while lifting more than 30 million people from extreme …

Many people have lost their jobs and means of sustenance while industrial production and wholesale-retail sales have plummeted in some sectors.…