Informing & Fostering Meaningful conversations that empower the Young African Professional.
What is HDI? HDI stands for Human Development Index, which is a measure of a country’s overall development based on three dimensions: health, education, and standard of living. The HDI is calculated by the United Nations Development Programme (UNDP) and is used to rank countries based on their level of human development. For instance, the
In 2017, World Bank figures revealed that just under 43% of sub-Saharan Africans over 15 years old possessed a bank account, lagging behind other regions. This statistic paints a vivid picture of the enormous potential for growth in Africa’s banking sector. Before the pandemic, McKinsey ranked the continent as the world’s second-largest market for growth
STEM in Ghana Commencing from the academic year 2017/18, the government implemented free secondary school education in Ghana. As higher education experiences significant growth, there is a growing acknowledgment and support for vocational education as a strategic approach to mitigating unemployment, backed by various initiatives. Notably, STEM subjects, encompassing science, technology, engineering, and mathematics, are
Introduction Visa-free travel within a continent has been a long-cherished dream, and Europe has successfully achieved this through the Schengen Agreement. This agreement, in effect since 1995, created a borderless area between several European countries, promoting economic growth, increased mobility, improved mental health, and increased tourism. However, Africa has lagged behind in this regard, with
Grok is a chatbot but the product child of xAi – Elon’s new company and a competition to OpenAi chatbot. It is modeled after The Hitchhiker’s Guide to the Galaxy and is intended to answer “spicy questions” that other AI chatbots refuse. Grok is powered by a large language model called Grok-1, which has surpassed
Background Africa is undergoing a digital transformation fueled by urbanization, population growth, and increased digitization of services. Investment in network infrastructure by governments, telecom companies, and startups is enhancing connectivity. Yet, the digital landscape varies across the continent, with leading countries and others facing challenges, influenced by factors such as government policies, investments, technology, and
The United States will end the participation of Gabon, Niger, Uganda, and the Central African Republic in a trade program. What is The African Growth and Opportunity Act (AGOA) AGOA, the African Growth and Opportunity Act, is a U.S. trade initiative offering duty-free access to the American market for specific products from qualifying sub-Saharan African
Introduction Around 80% of local transactions are in U.S. dollars due to low confidence in the Zimbabwean dollar. The government has decided to extend the multi-currency system, centered around the U.S. dollar, until 2030. Zimbabwe abandoned its inflation-ravaged dollar in 2009, opting instead to use foreign currencies, mostly the U.S. dollar. The government reintroduced the
Nairobi, Kenya – President Ruto: Kenyans will transact using fingerprints and iris by December 2023 “I have been assured by all the stakeholders led by the Ministries concerned that by December we will be able to launch the digital IDs where every Kenyan don’t have to carry any paper plastic or otherwise as an ID,”
What It Entails Over the next two years, Airbnb aims to collaborate with African governments and tourism organizations to discover and harness fresh tourism prospects, aid hosts and guests, bolster their communities, encourage emerging tourism entrepreneurs, and facilitate investments in the tourism ecosystem. “This pledge is an important demonstration of Airbnb’s continued commitment to a
