In a bid to foster sustainable growth and economic development, African leaders have recognized the vital need for investment in the continent’s workforce. During the Africa Heads of State Summit on Human Capital held at The Julius Nyerere International Convention Center in Dar Es Salaam, President William Ruto emphasized the abundance of gifted human capital that Africa possesses, which has the potential to drive its transformation.
President Ruto stressed the importance of positioning Africa in a lane that capitalizes on its skilled, educated, and productive manpower. By consciously nurturing and investing in this human capital, the continent can accelerate its economic growth in a sustainable manner.
To achieve this goal, he called for collaboration with other countries and partners to design a comprehensive framework that yields high returns on human capital investment.
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The President expressed his belief that pursuing the right mix and sequence of policies will enable Africa to overcome both traditional and emerging crises. Moreover, he saw an opportunity to turn the continent’s population explosion and youth bulge into a demographic dividend, transforming Africa into a young, green continent that leads a new industrial revolution on the global stage.
The event, hosted by President of Tanzania Samia Suluhu, revolved around the theme of “Accelerating Africa’s Economic Growth: Boosting Youth Productivity by Improving Learning and Skills.” It aimed to reactivate timely investments in education and health to drive productivity, stimulate job creation, and unlock Africa’s vast untapped economic potential.
President Suluhu also emphasized the significance of investing in social services like education and health to enhance productivity. She recognized Africa’s greatest asset lies in its hardworking, multi-talented, and industrious workforce.
Warning against being preoccupied by existing crises, she urged leaders to prioritize investments in key areas, focusing on the workforce to secure a prosperous future for Africa.
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The summit’s deliberations stressed the critical role of human capital in shaping Africa’s destiny. By strategically investing in its people, the continent has a unique opportunity to harness its potential and emerge as a global driver of progress, prosperity, and sustainable growth in the years to come.
