Emerging markets specialist and economist Charles Robertson predicts that Africa is about to “boom”. According to Robertson, the per capita incomes in Africa have doubled since the year 2000, and life expectancy has increased by one year every three years for the last decade.
He predicts that household incomes and life expectancy will continue to increase sevenfold in the next few decades.
“Life expectancy is very much linked to job creation and economic growth,” says Jeremie Ferre, LRMG GM: Africa Channel and Junior Partner. “When the economy grows, health care and hospitals improve and this impacts on all aspects of life in developing countries.”
Ferre says it is significant that Africa has the highest growth rate in the world for self-paced eLearning products and services and this positively impacts social and health sectors.
“Since Africa became part of the global and online community we have seen considerable social growth helped along by NGOs starting up and offering services where there were previously none. There are many eLearning initiatives driven by NGOs across Africa that provide people access to information and education which allow greater awareness about how to live a healthy lifestyle,” says Ferre.
Education is therefore one of the crucial elements for Africa’s future boom.
“Kenya is a good example of an African country that is experiencing strong economic and social growth despite the fact that they have no major natural resources like many other African countries,” says Ferre. “Kenya is a country that reinvests in itself and which has a strong focus on developing its people through education.”
Developing people is something that talent management focus on and excel in.