Posts Tagged ‘GDP growth’

Are the tides turning? Africa is finding her growth pulse

Wednesday, June 9th, 2010

The end of armed conflicts, improved macroeconomic conditions and microeconomic reforms to improve the business climate are some of the key reasons given in a recently published article from McKinsey & Company (sign-up required) 

for Africa’s solid economic performance. Surprisingly, the article points out that the commodities boom is just a partial answer to the Africa’s GDP growth – other sectors such as manufacturing, telecommunications, and transportation have played an equally important role.

The more poignant points of the article (at least with respect to the work we do at Leadership Africa USA) included:

  1. the importance of ‘non-economic’ factors such as conflict resolution in being a contributor to charting Africa’s growth. Our work in conflict-affected environments is premised on that the fact that conflict inhibits development at the social, economic and human levels. Therefore it is of little surprise to us that the end (or marked reduction) of armed conflicts is one factor for Africa’s positive growth progress.
  2. The need to focus on educating the continent’s youth population as this cohort is a primary contributor to the region’s labor force expansion. Making education and skills training a priority will positively impact the probability of long term growth in Africa.

I believe we are experiencing a unique opportunity to make dramatic progress in Africa through quality education and leadership training to help raise living standards especially focusing on African youth (especially girls) – the new generation of change. Leadership training is critical — what do you think?