Browsing: Human Capital Index

HCI World Bank Human Capital Human Capital in Africa Africa Human Capital Heads of State Summit

Unlocking Africa’s human capital for lasting prosperity

Industry and Trade
  • The central role of human capital in development is fast catching up with the developing world.
  • Tanzania President Suluhu Hassan says there is no right time to deliberate on the human capital issue than now.
  • President Ruto of Kenya says Africa must deliberately to make it possible for the youth to access job opportunities.

The vital role of Africa’s human capital is indispensable. It is a powerful tool in driving the growth of economic investments in the continent of 1.3 billion people. Africa has a combined GDP of nearly $3.1 trillion and over 40 percent of the population is under the age of 15 years and younger. It is therefore important that Africa’s human capital is aligned optimally to foster growth.

The central role of human capital in development is fast catching up with the developing world. It is in light of this that the just ended Africa Human Capital …

Human-Capital

Investing in Africa’s human capital

Investing
  • 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 …