Tag: Entrepreneurship

Adding value to Africa’s capacity

Adding value to Africa’s capacity

Insights on ways to efficiently improve skills for Africa’s industrialisation development.

There are a number of effective ways to improve skills for Africa’s industrialisation development with focus on entrepreneurship, training and corporate social responsibility programmes.

1. Integrate entrepreneurship in the school curriculum.

Challenge: an underfinanced education system; relatively few companies within and beyond borders allocate resources to act socially responsible specifically for the education and training sector.

Outcome: Increased chance for local small-medium sized enterprises to trade globally, a vast pool of a skilled and emerging workforce, attract international business and foreign direct investments.

Do you know of the Integrated Entrepreneurship Education (IEE)?
The IEE covers the teaching of knowledge and skills that will enable the individual student to plan, start and run his/her business, delivered as an integrated part of the curriculum at an acknowledged education and training institution within the national education system. It’s an initiative funded by and supported by enterprises and organisations.

The IEE is constantly on a mission to upgrade school curriculums with a focus on entrepreneurship as one of the subjects of instructions. Botswana, Kenya and Uganda have already successfully integrated entrepreneurship and skills development in their school curriculum with a focus on administration, ICT, engineering and agribusiness.

2. Prioritise training programmes and apprenticeships to match skills with jobs on a global scale.

Challenge: acute skills shortage in leadership, marketing, sales and artisan work

Outcome: Match skills demand and supply of industry and education. Develop the capacity to manage and solve problems; drive the performance of individuals, businesses and the society as a whole.

There is no such thing as a useless university degree. In fact, each countries priorities lie in different companies. Occupations in health and manufacturing, such as mechanics, welders and electricians are high in Africa’s demand. Perhaps you can supply?

The apprenticeship system within the DACH region is world renown and often regarded as the potential model for developing countries. Apprenticeship brings some benefits including self-employment, adequate job security, and skill development for those with no education. On the flip side, apprenticeship systems can carry risks if not standardised, which leads to limited skill transfers or underpaid employment.

Have you heard of the Green industrialisation?
It’s another coined description of becoming industrial to meet energy demands and preserve the environment. Renewable energies, financial and education technologies present great opportunities for Africa’s youth to drive green industrialisation forward. All it takes is an investment, private sector involvement and the right policies to drive training and apprenticeship programs forward.

3. Engage private sector to help shape skills development policies

Challenge: Competition poaches trained workers after all the invested efforts of training. This misfortune happens across all sectors and corners of the business world.
Outcome: Develop skills of the local workforce to match international standards. Partnerships with enterprises, business, industry, craft associations, unions, and other formal and informal stakeholders to make training more relevant to the labour market (AfDB/OECD, 2017).

Corporate social responsibility initiatives across borders

Today’s global marketplace increasingly explores opportunities to trade with Africa’s emerging markets through profitable sustainability programs and corporate social responsibility programmes.

Complex questions have arisen on how to execute international corporate social responsibility programmes without relieving the public sector from its duties. Who is responsible for solving today’s pressing issues? What role does technology play in launching a sustainability program? What are the benefits and pitfalls?

Frontiers of Dialogue, part of an event series started in Vienna, is a vigorous discussion among a distinguished panel and audience to address these questions and more. On September 7th, 2017, a distinguished panel and audience discuss Corporate Social Responsibility Across Borders in view of Kenya, Nigeria and South Africa. Click here for more info.

How Business Regulates Migration

How Business Regulates Migration

The private sector’s capacity to regulate migration 

Migration is a key driver of sustainable development in all aspects of our lives. And yet, most governments across Europe and the USA shun away from publically announcing integration initiatives to avoid political discontent.

Unnecessary time and money are wasted on policies to stem migration which will only encourage human smugglers and benefit business who employ undocumented migrants and refugees to avoid complying with existing pay and working conditions.

Civil societies and think tanks have been servicing governments with data, insights and proposals. In recent years, social enterprises and CSR-driving initiatives have emerged to absorb the migration flow. Take for example the Hotel Magdas in Vienna, which offer jobs and training to multilingual ex-refugees. Other exemplary companies among many, which offer internships and scholarships to young migrants are Siemens, the Deutsche Telekom and Bosch Group.

Meanwhile, there is a number but enough recruitment agencies specialising in trending jobs for refugees such as cleaning, mechanical engineering and nursing.

Shrinking Europe. Expanding Africa

Did you know that in the 1950’s, Italy had a population size of 47 million and Nigeria less than 30 million? Fast forward to present times, Italy expanded to 60 million and Nigeria to a whopping 180 million people.

Despite the proximity to Europe and Africa, both continents face contrary issues regarding population and economic lifecycle. In Europe, it appears that people are giving up on sex. Despite a rising life expectancy, the average population are too busy to procreate. Africa seems to demonstrate the correlation between being idle, low life expectancy and increasing fertility rate; so much so that most of the continent may not be able to create enough jobs to absorb emerging talents.

What can businesses in Europe do to help reverse the exodus?

Civil societies, governments and businesses in Europe need to collude in finding solutions to absorb the migration flow. Creating a gated European community will not work in the long run. A more proactive approach, among others, would be to incentivise CSR initiatives that extend beyond borders.

We already know the reasons for the migration phenomenon including consistent climate change and people wanting a better life without having to shed blood, etc.

Small and medium enterprises and entrepreneurs can help with inventions and profit from supplying sustainable goods and services, such as cleantech solutions, low-cost off-grid energy generators and overall skill development to empower the youths in developing countries.

Multinationals have the corporate muscle to contribute to sustainable economic development, and to improve the quality of life for employees, their families, their communities at home and beyond borders.

According to Alessandro Cenderello, Managing Director of Ernst & Young Europe: “If managed well, migration can play a decisive role in economic development and civil society. Many economists argue that migration presents a potential solution to the impending challenge of Europe’s ageing population. [..] Furthermore, the inflow of new talent and skills can stimulate growth in entrepreneurship and the establishment of new businesses, as evidenced in North America and elsewhere.” You can read more about the EY perspective by clicking here.

Throughout the history of humanity, the migration phenomenon had a tendency to ebb and flow. Back then, immigration was controlled by integration through the help of a Marshall plan, assistance of neighbours, balance of education and welfare. Just think of Ireland, Singapore and Hong Kong.

It’s just my view. An Aphropean View.

Waste Business is Serious Business

Waste Business is Serious Business

Waste management is not a new concept in Africa. In fact, recycling and disposing of waste for profit is rather a promising business opportunity for a continent of more 1.2 billion people. In Europe, where waste disposal and water treatment is centred on economic impact, Africa weighs its focus more on economic (profit) and social impact (health).

European entrepreneurs and businesses have made substantial progress in turning waste into a resource. Some initiatives are promoting sustainable ways of waste management, along with frameworks that drive environmental performance. Europe INNOVA estimated that resource efficiency improvements all along the value chains could represent an overall savings potential of €630 billion per year for European industry.

We do not have a clue what the saving potentials are for African industries. Nobody has figured it out. We can agree the abundant opportunities for job creation and poverty reduction by creating new markets for recycling products for as long as possible. In addition to an improved environmental performance of Africa’s biodiversity and water quality, people reap the health benefits from appropriate waste disposal and water treatment.

On 4 May, #FOD17 Frontiers of Dialogue panellists share insights on the role of technology driving environmental performance, key trends, the opportunities and challenges this presents in African countries. Get inspired and engage with Vienna’s international community by reserving your place.

Looking forward to your comments and a fruitful debate at the upcoming #FOD17 Frontiers of Dialogue.

Sincerely,

Rita Isiba
Your Aphropean Partner

PS.: Don’t forget to follow us on LinkedIn or Facebook for updates, news and views.

JOIN OUR VIPLIST

Get exclusive updates and event specials.

You have Successfully Subscribed!