Browsing: Human Capital Development

• The Senegal 2050 plan seeks to address the economy’s weaknesses and position the West African nation as a diversified and dynamic economy in the coming decades.
• At the heart of the Senegal 2050 plan is a commitment to green energy and infrastructure advancement.
• The strategy encompasses substantial enhancements in healthcare, guaranteeing that a healthier populace boosts productivity and innovation.

Over the last decade, Senegal’s economy has remained strong, supported by major sectors, including agriculture, mining, and services. The country’s GDP growth has remained consistently strong compared to regional averages.

Infrastructure projects, enhanced business regulations, and robust regional trade connections are among the pillars contributing to Senegal’s stable GDP. As a member of the West African Economic and Monetary Union (WAEMU), Senegal also benefits from a stable currency hedged to the euro, which helps control inflation and provides a reliable investment environment.

Like many African countries, Senegal grapples with …

• Tackling poverty in Africa remains one of the primary goals of policymakers and institutions globally, including the World Bank.
• As the world’s economic powers focus on Africa for a share of its vast resources, the stars could be aligning for Africa to deal a body blow to the ghosts of poverty.
• One of the key cogs of this endeavor, however, is tapping on human capital and technology to drive change at scale, as advised by the UN.

One of the most vexing questions for policymakers internationally is how to make sustainable progress in tackling poverty in Africa. In this endeavor, which often draws in actors from across the globe, one thing remains clear: combating poverty in Africa requires empowering the continent and its people to make the most of its abundant resources.

With vast mineral resources and an increasingly educated and informed leadership and workforce, one wonders: Why is Africa …

• In rebuilding back better post-pandemic, governments, investors, and policymakers must harness one of Africa’s greatest resources: youthful human capital.
• Africa’s human capital is the engine behind the high rate of entrepreneurship cited at 22 percent of Africa’s roughly 1.4 billion population.
• To reap maximum dividends, the governments in Africa must however roll out robust healthcare systems to guarantee optimal productivity of the workforce.

Africa’s journey to economic development has seen various countries achieving certain milestones previously thought impossible for nations caught up in a number of growth-limiting challenges. The continent has made significant strides in its agricultural economy, leading to the development of various innovations such as Kenya’s mobile cash transfer service M-PESA and novel agri-based technologies.

Data transformation has also steadily grown in countries such as Kenya, which fintech firm Fluttterwave has recognized as an East Africa’s hub. Even with these trailblazing tech breakthroughs, human capital remains the continent’s …