
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
-
Why can’t Ghanaians be on time in Ghana?
58 seconds -
James Gyakye Quayson to serve as Special Guest of Honour at Ghana–Australia Trade and Investment Forum 2026
15 minutes -
Flood reporting must go beyond disasters to demand accountability – Jacqueline Ansomah Yeboah
17 minutes -
Woman found dead, mother unconscious with 12-year-old girl in critical condition at Effiduase
18 minutes -
Poor maintenance, not poor engineering alone, is driving Accra’s flooding – Engineer
25 minutes -
BoG calls for industry-wide system to fight fraud across banks, fintechs and mobile money platforms
27 minutes -
Flood-damaged Aflao Market road prompts temporary intervention as calls grow for permanent fix
39 minutes -
Recurring floods expose growing humanitarian crisis in Agbozume as hundreds receive emergency relief
46 minutes -
Margins delivers first GAM ID – President Barrow is inaugural recipient
55 minutes -
Drug Abuse and Ghana’s Human Security Crisis: The silent destruction of a generation’s potential
1 hour -
Floods ravaged Ghana could generate GH¢556 in economic benefits for every GH¢1 invested in sanitation
2 hours -
Digital payments can formalise Ghana’s informal economy, but fraud threatens uptake – Economist
2 hours -
Gov’t pays $700m Eurobond bill ahead of schedule, total hits $2.1bn
2 hours -
‘Suspend it now’ – FABAG appeals directly to Mahama to halt new import verification programme
2 hours -
Gov’t cannot talk ease of doing business while adding more costs – FABAG rejects Ghana Easy Pass
2 hours