Audio By Carbonatix
The CEO of the Chamber of Bulk Oil Distributors, Senyo Hosi, has expressed worry that as the general economic performance of Africa improves, the quality of life of many Africans is lagging behind.
“Africa since 2000 has been outperforming the world’s economy, so yes Africa is rising,” he said at the ALM Africa Dialogue in London.
He added: “But if you look at the human development indices and the quality of education, for example, there’s one thing we can be certain about: Africa is rising but Africa is not rising with its people.”
This he explained by indicating that Africa outperforms the world in its economic growth but not in its human development indices.
Mr. Hosi said as Africa positions herself to become the next economic frontier, the continent risks coming to be “a great bed for everyone elsewhere to come and sleep [in] and go.”
He said Africans risk being left out of the economic benefits on the continent and bemoaned the lack of capacity of Africa’s labour force which is largely made up of young people.
Mr. Hosi said the rising numbers in Africa’s youth population could be advantageous if African countries invest in the quality of education.
He charged African leaders to invest in the development of their people, saying “we won't be able to harness our potential if we don’t invest right in the future and that’s the quality of education.”
Beyond this, Mr. Hosi advised that corruption and lack of proper planning must be addressed for the continent to thrive.
Other speakers at the event included Ugandan President Yoweri Museveni, Chief Executive Officer of SEAGAL Group (Liberia) Momo Cyrus, and Nirmala Rewa from the Economic Development Board of Mauritius.
Others were the former UK Foreign Office and Cabinet Minister, Jim Murphy and UK businessman Sir Richard Heygate. The event was on the theme “Harnessing Africa’s Global Economic Appeal”.
He said Africans risk being left out of the economic benefits on the continent and bemoaned the lack of capacity of Africa’s labour force which is largely made up of young people.
Mr. Hosi said the rising numbers in Africa’s youth population could be advantageous if African countries invest in the quality of education.
He charged African leaders to invest in the development of their people, saying “we won't be able to harness our potential if we don’t invest right in the future and that’s the quality of education.”
Beyond this, Mr. Hosi advised that corruption and lack of proper planning must be addressed for the continent to thrive.
Other speakers at the event included Ugandan President Yoweri Museveni, Chief Executive Officer of SEAGAL Group (Liberia) Momo Cyrus, and Nirmala Rewa from the Economic Development Board of Mauritius.
Others were the former UK Foreign Office and Cabinet Minister, Jim Murphy and UK businessman Sir Richard Heygate. The event was on the theme “Harnessing Africa’s Global Economic Appeal”.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
GRA assures it will meet GH¢225bn target for 2026 despite tax reform concerns
4 minutes -
Ofori-Atta Saga : Ex-appointees must face probes when invited – John Darko
10 minutes -
Haruna Mohammed rules out removal of names from NPP album
13 minutes -
Volta House of Chiefs nullifies enstoolment of Roland Adiko as paramount chief of Tanyigbe, affirms rotational succession
13 minutes -
FACT CHECK: Kennedy Agyapong’s claim that Adenta is a traditional NPP seat and that Bawumia did not campaign there is false
14 minutes -
Iran: Videos from mortuary show how deadly protests have become
17 minutes -
Over 2,000 screened as Ashanti Region Police recruitment exercise progresses
26 minutes -
Mallam Market chaos: Traders flout rules, crippling Accra-Kasoa Highway
26 minutes -
Preparations for NPP presidential primaries nearly complete — Haruna Mohammed
44 minutes -
AFCON 2025: the dominance of African coaches
47 minutes -
31 granted bail over illegal mining in Apramprama forest reserve
1 hour -
Son of Iran’s exiled late monarch urges supporters to replace embassy flags
1 hour -
Gold Empire Resources applauds gov’t crackdown on illegal mining; calls for prosecution of financiers and sponsors
1 hour -
Western North NPP raises alarm over cocoa sector neglect, cites lack of funds and jute sacks
2 hours -
Government still owes IPPs over $700m in legacy debt — JoyNews Research
2 hours
