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Africa: Investor's paradise?

05 January 2014, 09:53

Africa's multi-trillion dollar economy is booming, many assume that the rising success of the continent can be attributed to natural resources. Surprisingly only 24% of growth is imputed from natural resources.

So what does this all mean?

The topography of the African continent's size can challenge the likes of United States, China, India and Eastern Europe. Therefore the scope of the worker potential is unlimited. It is China's large workforce that allowed for rapid expansion. In the year 2035, Africa's workforce will be greater than China. By 2050, Africans will account for 25% of the world's workers.

One of the bleak hardships currently faced by the African continent is its ability to utilize its great workforce. A stark reality is that despite massive expenditure on Education by African governments, the rate of primary school enrollment is higher than secondary school enrollment by a staggering 41%. In actuality African governments spend 9% more than OECD countries such as Australia, Israel, South Korea and United States. Therein lies the question, "What percentage of that expenditure actually reaches the educational sector?" Moreover, What is the quality of the educational institutions based on output and input?

The overlapping duality of the youth in a first world country vary according to the tribal expectations of African youth. Africa consists of multiple ethnicities, distinct in its tribal nations with many variations in ethos and beliefs. The power of African youth may be in their need to explore their true capabilities, such as new inventions or theories. It is this group of individuals that can start a movement whilst inspiring a nation of hopefuls.

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