ROLE OF AFRICAN GOVERNMENTS IN FOSTERING HUMAN CAPITAL DEVELOPMENT FOR A BETTER TOMMOROW

This week; the Learning and Development Africa Conference went down in Nairobi's Safari park hotel  spotlighting a fair share of Africa's L&D professionals.

I had the fair chance to speak on: ROLE OF AFRICAN GOVERNMENTS IN FOSTERING HUMAN CAPITAL DEVELOPMENT FOR A BETTER  TOMMOROW alongside my Internet friend called Kwesi.

Here are my insights;

Introduction and Objectives

In looking at the role of African Governments in fostering human capital development for a better  tomorrow, factoring that governments have access to all regions which would position them to foster  Human Capital Development for better tomorrow and do some More Effectively, we need to look at  Human Capital in a 360 degrees’ approach;

i. Modern Threats in human capital development such as Covid 19 and its impacts. 

ii. What depletes Human capital (addressing longevity and health, Financing/investment quantum)

iii. What drives Human capital and consequences (migration and impacts, skills acquisition,  population growth and spread)

iv. What is the formation of human capital and what are its determinants (health, skills and  education, fertility)

Methodology

What exactly Should African Governments concentrate their results on in ensuring the achievement of  this objectives are achieved with speed; 

1. There is the place of legality in the journey to developing human capital and thus African  governments should embrace supporting policy reforms to overcome legal and regulatory  constraints which become a stumbling block to the progress recorded. 

2. Technology is a corner stone in the efforts to advance human capital development thus  governments in Africa should consider leveraging the use of Tech, Internet of things (IOT)  technology and innovations in projects to further human capital and growth overall.

3. Human Conflict Solution at scale aimed at preventing and or reversing damage to human capital  in settings, communities and environments affected by human violence, fragility and conflict.

4. The Finance Gap; African Countries should consider analyzing and Increasing budgetary  allocations and financing for human capital in Africa overall.

Data 

100 million children in Sub-Saharan Africa over the past 20 years. Gender Parity is positive and  education spending almost doubled between 2009 and 2021. Projecting as at 2035, the African working  age is projected to grow by over 450million. And one out of three people will be working by 2075. 

Expected Results. 

A long term ripple effect is to be felt that;

a. Balances gender equality in both resource allocation and Human capital  spread. African governments will prioritize accelerating the demographic transition by empowering more women, girls and youth in particular to  capitalize on the ballooning youthful workforce in Africa.

b. Aims to strengthen the human capital demand side and knowledge base,  where governments choose to start off by advancing research advocacy by  allocating more funding and push initiatives to position industry take off.

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