Browsing: Human capital

poverty in Africa

The battle for Africa’s resources: Can the continent use it to break free from poverty?

Africa
  • 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 …

Faces of a vibrant economy

Africa's Development

Pursuing economic empowerment through purely legalistic and regulatory means has fatal shortcomings which defeat the premise of black or native participation in the economy because history has taught that such a strategy creates a very skewed distribution of the wealth that must be sustainably shared.

Black Economic Empowerment and Indigenization pursued solely from this strategy is a sophisticated form of socialism especially where there is little in the way of economic growth. Its process and eventual outcome create a skewed wealth distribution and novel kind of class structure. 

A vibrant economy is the most potent instrument of empowerment, inclusion, and participation of the people of that country. Vibrant economies are not the result of chance but are the result of deliberate pursuit and action.

Read: Three things TMEA brings to Ethiopia in expansion plans

Creating an economy that is enabling and empowers all citizens requires the development of the following

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Why rethinking the Human Capital Horizon matters? 

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Human Capital Horizon matters? 

The human population comprises of valuable elements necessary for the development of the modern world. As the world keeps to shake off the remnants of the coronavirus, there are some crucial ideas emerging and compelling vital changes in the way humans work. As stability is being restored, it is important also to rethink how to sustain the human capital value over space and time. The future of work is dependent on how human capital is dispersed globally and how it reacts to what we would call the development of the modern world.   

The current global crisis reveals holes in various sections of the workforce, including financial security and health coverage. With respect to Africa, the figures are heightened, and the "holes" as one would look at, in particular the formal employment sector, the numbers are astronomical.  

Africa alone has more than 24 million

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