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Browsing: WEF
- 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 …
- Region economic communities such as East African Community (EAC) are opening doors for citizens to expand their hands across various economic opportunities.
- The movement of people over space and time is the bloodline of the modern world’s economies.
- South Africa, Africa’s highest ranked passport, was position 54 globally with South Africans having visa-free access to 106 nations.
A recent World Economic Forum (WEF) report revealed that an American passport holder can access 43 percent of the global GDP without a visa while a United Arab Emirates (UAE) passport gives access to 70 percent of the global GDP.
In contrast, the Nigerian (top African economy) passport holder can access 20 percent of the world, equivalent to 1.5 percent of the global GDP. The measure of access is a wake-up call on assessing strategies and measures regarding the movement of people over space and time in Africa.
Since the launch of the …
Climate change in Africa costs a lot, and climate extremes hit the region hardest. Between 2014 and 2018, roughly $5 per year, a person was the adaptation funding to each African – standing on less than $5.5 billion per year (World Economic Forum).
It is more than fair to say without financial support, climate change will probably push Africa’s impoverishment to a whole new level, as millions of Africa might be into extreme poverty by 2030.
The latter proves Africa to be at a relatively disadvantageous position as it contributes the least to global emissions and climate change. Yet, it receives minor financial support towards adaption.
READ: COP26 All Talk, No Walk
The previous 26TH United Nations (UN) Climate Change Conference of the Parties (COP26), dubbed “the world’s best last chance”, provided the global stage with failure.
Despite promising to double funding, high-income countries (and high global emitters) failed …
