Browsing: investing in Africa

The African continent has been portrayed in most literature as the “Dark Continent”, with not many expectations from it. This degrading view is slowly fading from the trending news globally, as the continent continues to headline great achievements. 

 

There has not been a shortage of millionaires as well, with new six-figure worth individuals being added each year impacting the socio-economic outlook on the continent.  

An educational approach especially one that combines study in key areas like Science, Technology, Engineering and Mathematics (STEM) is critical to achieving lasting change in the continent. 

An educational-based development model is a revolutionary tool in the economic sector as it fosters innovation, problem solving and creativity in real-life situations.  

 The approach has been adopted in most countries globally, as well as in the African continent. It has a significant impact on society, the economy and the way people relate to the natural environment.

A survey conducted in 34 African countries between 2016 and 2018 shows that people are chiefly concerned about the future of work, be it job availability, quality, or growth. The gig economy is essential for the people of Africa because of its ability to provide a source of income to the inexperienced and unemployed majority. Formal jobs are only available to a few, while most people work in the informal sector as subsistence farmers, vendors, small-scale traders and numerous other roles. 

Africa has a growing youth population that will need to be absorbed into the productive sector. An estimated 122 million new entrants are expected to join the labour market in the next two years, and it is impossible for an equal number of formal jobs to be created for these people.