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Over the weekend some 400 leaders from local Government, parastatals and the private sector headed to the Rwanda Defence Force Combat Training Centre for the 16th annual National Leadership Retreat dubbed, Umwiherero. The four day retreat, which is chaired by the President of the Republic, will address the quality of health and education, agricultural productivity, exports and investments and will reportedly feature a presentation on the implementation status of the 2018 leadership retreat recommendations. New Times Journalist, Julius Bizimungu joins CNBC Africa for more.</p>


Here’s what to expect from the 4-day Rwanda National Leadership Retreat

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<p>The World Economic Forum (WEF) says closing the overall gender gap across politics, economics, health and education narrowed for the first time in three years. This was in their latest Global Gender Gap report, where Sub-Saharan Africa (SSA) is reported to have closed 68 per cent of the gender gap so far. Roberto Crotti, Lead for the Centre for the New Economy and Society at the World Economic Forum joins CNBC Africa from Geneva for more.</p>


WEF: Overall gender gap narrows for first time in 3 years

WEF: Overall gender gap narrows for first time in 3 years, here’s how African countries fared

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<p>Adaptive learning and adaptive teaching perspectives are changing mind-sets and revolutionising the delivery and consumption of education to benefit the workplace, society and the economy. At the Future of Education Summit 2019 held in Sandton, Prof Seth Kunin, the Deputy Vice Chancellor, International at Curtin University, Australia spoke to CBC Africa’s Kopano Gumbi about the most important take-aways from the summit, as well as the importance of Public Private Partnerships in the education sector.</p>


Future of Education Summit: Seth Kunin on building private-public partnerships in education

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<p>At the Future of Education Summit 2019, held in Sandton, Dr Kingsley Nyarko, the Acting Executive Secretary of the National Accreditation Board of Ghana (NAB) spoke to CBC Africa’s Kopano Gumbi about the steps taken by the Ghana government to achieve a 6.7 per cent unemployment rate through a programme to absorb graduate youth into the job market.</p>


Future of Education Summit: NAB’s Kingsley Nyarko on how Ghana is tackling youth unemployment

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<p>The Role of Policy and Regulation in Improving Education came under the spotlight at the Future of Education Summit 2019 held in Sandton. Speaking on the panel was Prof Narend Baijnath, the CEO of the Council on Higher Education. CBC Africa’s Kopano Gumbi caught up with him afterwards to talk about progress that has been made in terms of regulation and policy in South Africa.</p>


Future of Education Summit: How can South Africa improve its education outcomes?

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<p>The theme for The Future of Education Summit 2019 was “The Future of Educations: Reactive vs Proactive”. Coming from Dubai to attend the summit was Dan Adkins, CEO of the Transnational Academic Group Middle East. He spoke to CBC Africa’s Kopano Gumbi about the gap between work-place ready and formal education.</p>


Future of Education Summit: TAG CEO Adkins on the importance of teaching employability skills at secondary

Future of Education Summit: TAG CEO Adkins on the importance of teaching employability skills at secondary, university level

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<p>One of the speakers at the Future of Education Summit 2019, held in Sandton, Omar Farooqui, the Founder and President of Coded Minds, spoke to CNBC Africa’s Kopano Gumbi about how Coded Minds has been able to disrupt the education system, starting in the Middle East.</p>


Future of Education Summit: How this former investment banker is disrupting the education system with an innovative curriculum

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<p>International and local experts in the education sector got together in Sandton for the Future of Education Summit 2019. With the theme “The Future of Educations: Reactive vs Proactive”, the Summit examined the significant changes in the education industry. Vice Chancellor and Principal of the University of the Witwatersrand, Prof Adam Habib, spoke to CNBC Africa’s Kopano Gumbi about the future of universities.</p>


Future of Education Summit: Adam Habib on the future of universities & the importance of a university degree in the workplace

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<p>Every year on November 14th, World Diabetes Day is universally celebrated to raise awareness about the condition. For this year, families are urged to learn more about the warning signs, support network of those affected, and promoting the role of the family in the management, care, prevention and education. Peter Munyasi, Country Chair Kenya and General Manager at EA Hub &#8211; Sanofi joins CNBC Africa to share on the role ICT has played.</p>


World Diabetes Day: How ICT can be used as a tool to mitigate diabetes in SSA


<p>LONDON, Oct 14 (Reuters) &#8211; The quality of education and training provided by African countries has worsened since 2014, leaving many of the continent&#8217;s growing population of young people ill-prepared to enter the job market, an influential report said on Tuesday.</p>



<p>The Ibrahim Index of African Governance (IIAG), the most comprehensive survey of its kind on the continent, found that on average enrolment and access to education was particularly low in the tertiary sector.</p>



<p>&#8220;This has resulted in the burgeoning youth population being faced with increasing struggles when entering the job market,&#8221; researchers at the Mo Ibrahim Foundation wrote in an interim update ahead of the full biennial report due to be published next year.</p>



<p>&#8220;The current pace of progress is going to fall behind demographic needs as the majority age group in Africa now is under-15.&#8221;</p>



<p>The report rates 54 African nations against criteria such as security, human rights, economic stability, just laws, free elections, corruption, infrastructure, poverty, health and education.</p>



<p>Demographic developments are a hot topic in Africa, which, according to United Nations data, is expected to account for more than half of the world’s population growth between 2015 and 2050. The continent&#8217;s population is projected to double by 2050, and could double again by 2100, the U.N. has said.</p>



<p>The IIAG interim report said that while African governments have made some progress in improving infrastructure since 2014, on average they were lagging well behind their ambitions to revamp their economies.</p>



<p>&#8220;African governments have on average not managed to translate GDP growth into economic opportunities for citizens,&#8221; it said. &#8220;Progress since 2014 runs behind the rapidly growing working age population.&#8221;</p>



<p>The report noted more progress in health and nutrition, saying countries were making strong strides in combating communicable diseases and child and maternal mortality rates.</p>



<p>However, providing affordable quality healthcare for all citizens was still far off and the rising spread of undernourishment was a major area of concern, it added.</p>



<p>Researchers also criticised the widespread lack of key data across the continent, which impedes the ability of policymakers to monitor progress and adapt accordingly, saying vital population statistics had deteriorated significantly in recent years.</p>



<p>The report said just eight African countries had a birth registration system that covered 90% or more of the population over the last decade, and only three countries had a corresponding death registration system.</p>



<p>&#8220;Africa&#8217;s &#8216;data gap&#8217; needs to be urgently addressed,&#8221; the report said. &#8220;This will create an environment conducive to sustainable and equitable development, ensuring no one is left behind.” </p>



<p>(Reporting by Karin Strohecker in London; editing by Jane Wardell)</p>


Young Africans are ill-prepared to enter the job market as education worsens

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<p>Limited access to education, finances and scarce employment opportunities are some of the challenges facing Africa’s youth. To share her thoughts on how these can be addressed, Rehema Dominick Sanga, Founder and CEO of Organization for Capitalizing Community Resources &#038; Initiative joins CNBC Africa.</p>


Dominick Sanga on how best African youths can be empowered for the future


<p>JOHANNESBURG (Reuters) &#8211; South African private education firm Curro Holdings will invest 223 million rand ($14.66 million) in opening four new campuses, it said on Wednesday, after reporting a 44% rise in half-year headline earnings.</p>



<p>Founded in 1998, Curro, which runs schools and tertiary institutions in South Africa, Botswana and Namibia, has been growing at a lightning rate as parents frustrated with under-resourced, over-crowded state-run schools splash out on private education.</p>



<p>For the six-months ended June 30, Curro’s pupil numbers increased by 13% to 57,173, increasing revenue by 19% to 1.48 billion rand.</p>



<p>Besides opening the new campuses, Curro also has major expansion and replacement projects underway, with an estimated investment of 1 billion rand in 2019, it added.</p>



<p>“The board believes Curro is positioned for growth and will focus on increasing utilisation of the existing school infrastructure capacity in the short to medium term,” it said.</p>



<p>“Curro will also reduce capital outlay on Greenfield schools over the medium term.”</p>



<p>Headline earnings, the main profit gauge used in South Africa that strips out some one-off items, increased by 44% to 50 cents from 34.8, whilst recurring HEPS rose by 7%.</p>



<p>Group earnings before interest, taxation, depreciation, amortisation and head office expenditure (EBITDA) rose by 21% to 415 million rand.</p>



<p>At 1125 GMT, shares in Curro were 7.98% firmer to 17.99 rand.</p>



<p>($1 = 15.2119 rand)</p>



<p>Reporting by Nqobile Dludla; Editing by Alexandra Hudson </p>


This African education firm is investing $14 million in 4 new campuses

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        Giving young people financial skills can lead to much better education and job outcomes.
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By <span><a href="https://theconversation.com/profiles/leila-patel-240768">Leila Patel</a>, <em><a href="http://theconversation.com/institutions/university-of-johannesburg-1275">University of Johannesburg</a></em>; <a href="https://theconversation.com/profiles/lauren-graham-251070">Lauren Graham</a>, <em><a href="http://theconversation.com/institutions/university-of-johannesburg-1275">University of Johannesburg</a></em>, and <a href="https://theconversation.com/profiles/zoheb-khan-274873">Zoheb Khan</a>, <em><a href="http://theconversation.com/institutions/university-of-johannesburg-1275">University of Johannesburg</a></em></span>

<p>The picture in South Africa is a bleak one for the average 15 – 24 year old. Many have finished their schooling with a qualification of little value in the eyes of employers. And they lack the basic skills that employers now need. The result is that a staggering <a href="http://www.statssa.gov.za/?p=12121">39,6% (narrow definition) or 55,2%</a> (expanded definition which includes those who have stopped actively looking for work) are unemployed.</p>

<p>South Africa has grappled with high unemployment for many years and the private sector, civil society and government have invested heavily in interventions to address the problem. Youth Employability Programmes (YEPs) are one such example. These programmes aim to help young people make the transition from school to work more seamlessly via skills training.</p>

<p>YEPs are part of a broad suite of programmes designed to drive growth and employment. But there seems to be a piece missing from existing schemes: giving young people basic financial skills. Other countries have found that giving young people these skills leads to much better education outcomes. For example, they’ve led to <a href="https://www.sciencedirect.com/science/article/abs/pii/S0272775712001409">better secondary schooling outcomes</a> in Ghana. And in Uganda they have been shown to <a href="https://www.ncbi.nlm.nih.gov/pmc/articles/PMC2976060/">increase financial security</a> in vulnerable households. In the US they have helped <a href="https://www.sciencedirect.com/science/article/abs/pii/S0272775712001355">promote transitions to college in poor communities</a>.</p>

<p>We <a href="https://www.uj.ac.za/faculties/humanities/csda/Documents/Siyakha%20Report%20June%202019%20Web%20LowRes.pdf">did a study</a> to find out whether including financial skills in existing programmes could help more young people find and keep work.</p>

<p>The answer is yes. We found that providing young people with financial capabilities does improve the picture. Those who got the training were 9 percentage points more likely to be employed than those who did not two years after completing the training.</p>

<h2>Tracking over six years</h2>

<p>The study, launched in 2013, tracked 1974 people who participated in one of eight YEPs at 44 sites across the country. Half of the training sites were randomly assigned to receive a short savings and basic financial management training module and access to a no-cost bank account.</p>

<p>We followed these two groups of young people as they entered the programmes and up to two years after completing their training to understand whether financial capability training should be a complementary intervention offered to young people.</p>

<p>The study participants were predominantly African (94,4%), women and from poor backgrounds, with an average per capita income of R527. This places them below the upper-bound poverty line. Most participants had experienced food insecurity in the year prior to joining the programme.</p>

<p>The majority of participants had a matric certificate – the equivalent of 12 years of schooling – and over half had some prior work experience, primarily short-term contract work, while a few had self-employment experience. Just under a third had started a post-secondary qualification. Despite this the vast majority were unemployed at the start of the study and 78% had been chronically unemployed (unemployed for longer than one year).</p>

<h2>What we found</h2>

<p>We tracked and interviewed the study participants before, during and after their training. During a period corresponding to between 12 and 24 months after their training, young people who received the financial capability training were 9 percentage points more likely to be employed than those who did not receive the intervention. </p>

<p>Importantly, the financial capability intervention also had positive effects for young people who remained unemployed. They were more likely to persist with work seeking than those who did not.</p>

<p>Interestingly, young people who received the training did not differ in their reported savings behaviour from those in the control group. From this we can see that the effect of the intervention is likely due to the financial literacy training, and not the saving account.</p>

<h2>What next?</h2>

<p>We cannot definitively say why young people who received the financial literacy training showed better employment outcomes. One hypothesis is that improved financial literacy helps young people manage what little money they have better and this in turn helps them manage the <a href="https://theconversation.com/a-south-african-case-study-how-to-support-young-job-hunters-110511">high cost of work-seeking</a>, especially in low-income households. </p>

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  <em>
    <strong>
      Read more:
      <a href="http://theconversation.com/south-africas-youth-speak-out-on-the-high-cost-of-finding-work-61024">South Africa&#8217;s youth speak out on the high cost of finding work</a>
    </strong>
  </em>
</p>
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<p>Another possibility is that the financial literacy training promotes belief in oneself, which in turn facilitates improved job search. It certainly appeared to be the case that those who received the treatment did have slightly higher levels of self-esteem after the intervention than those who did not receive the intervention.</p>

<p>The possibility of growth in self esteem supports other research which shows that improved financial literacy is associated with a greater sense of <a href="https://journals.sagepub.com/doi/abs/10.1111/j.1467-9280.2009.02309.x?journalCode=pssa">future orientation</a>, <a href="https://www.sciencedirect.com/science/article/pii/S019074091100291X">increased motivation</a> and the <a href="https://openscholarship.wustl.edu/cgi/viewcontent.cgi?article=1319&amp;context=csd_research">desire to achieve their own goals</a>.</p>

<p>The outcomes from the study are compelling. Although it’s unclear exactly how financial literacy training works, this kind of programme does seem promising as a complementary intervention to existing programmes for young people.<img loading="lazy" decoding="async" src="https://counter.theconversation.com/content/118860/count.gif?distributor=republish-lightbox-basic" alt="The Conversation" width="1" height="1" style="border: none !important; box-shadow: none !important; margin: 0 !important; max-height: 1px !important; max-width: 1px !important; min-height: 1px !important; min-width: 1px !important; opacity: 0 !important; outline: none !important; padding: 0 !important; text-shadow: none !important" /></p>

<p><span><a href="https://theconversation.com/profiles/leila-patel-240768">Leila Patel</a>, Professor of Social Development Studies, <em><a href="http://theconversation.com/institutions/university-of-johannesburg-1275">University of Johannesburg</a></em>; <a href="https://theconversation.com/profiles/lauren-graham-251070">Lauren Graham</a>, Associate professor at the Centre for Social Development in Africa, University of Johannesburg, <em><a href="http://theconversation.com/institutions/university-of-johannesburg-1275">University of Johannesburg</a></em>, and <a href="https://theconversation.com/profiles/zoheb-khan-274873">Zoheb Khan</a>, Researcher, <em><a href="http://theconversation.com/institutions/university-of-johannesburg-1275">University of Johannesburg</a></em></span></p>

<p>This article is republished from <a href="http://theconversation.com">The Conversation</a> under a Creative Commons license. Read the <a href="https://theconversation.com/how-giving-young-people-basic-financial-skills-helps-them-find-jobs-118860">original article</a>.</p>

Giving young people basic financial skills can aid them in finding jobs, here’s how

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<p>A Nigerian based Co- Creation Hub has launched Africa’s first design lab in Kigali that is set to become a leading creative space in Africa’s growing tech sector. This platform is set aimed to solve Africa’s systemic problems in Public Health, Education, Governance and the Private Sector. CEO and Co-Founder of Bosun Tijani join CNBC Africa for more on this.</p>


Africa’s first ‘design lab’ launched in Kigali

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<p>Felix Nwabuko, Managing Director of Presco says the choice of this year Alaghodaro Summit to focus on education, job creation and healthcare will add value to businesses in Nigeria&#8217;s Edo State. He discussed this and more with CNBC&#8217;s Wole Famurewa on the side-lines of the Alaghodaro Summit.</p>


How social investments impact business

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<p>Governor of Edo State Godwin Obaseki says this year&#8217;s Alaghodaro Summit which is themed &#8220;Investing in our people&#8221; will show the world what Edo State has done in using technology to drive education in the state. CNBC Africa&#8217;s Wole Famurewa caught up with him to discuss this and more.</p>


This is how technology has changed Edo State’s education – Governor Obaseki

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<p>As many Conversations at the Transform Africa Summit focused on education, agriculture, trade and investments, participants feel there is urgent need to harness the dividend of the digital revolution in the creative industry.</p>


education

Here’s what to expect from the 4-day Rwanda National Leadership Retreat

WEF: Overall gender gap narrows for first time in 3 years, here’s how African countries fared

Future of Education Summit: Seth Kunin on building private-public partnerships in education

Future of Education Summit: NAB’s Kingsley Nyarko on how Ghana is tackling youth unemployment

Future of Education Summit: How can South Africa improve its education outcomes?

Future of Education Summit: TAG CEO Adkins on the importance of teaching employability skills at secondary, university level

Future of Education Summit: How this former investment banker is disrupting the education system with an innovative curriculum

Future of Education Summit: Adam Habib on the future of universities & the importance of a university degree in the workplace

World Diabetes Day: How ICT can be used as a tool to mitigate diabetes in SSA

Young Africans are ill-prepared to enter the job market as education worsens

Dominick Sanga on how best African youths can be empowered for the future

This African education firm is investing $14 million in 4 new campuses

Giving young people basic financial skills can aid them in finding jobs, here’s how

Africa’s first ‘design lab’ launched in Kigali

How social investments impact business

This is how technology has changed Edo State’s education – Governor Obaseki

Africa’s creative industry urged to join the digital revolution

News Tips

Advertise With Us

education

Here’s what to expect from the 4-day Rwanda National Leadership Retreat

WEF: Overall gender gap narrows for first time in 3 years, here’s how African countries fared

Future of Education Summit: Seth Kunin on building private-public partnerships in education

Future of Education Summit: NAB’s Kingsley Nyarko on how Ghana is tackling youth unemployment

Future of Education Summit: How can South Africa improve its education outcomes?

Future of Education Summit: TAG CEO Adkins on the importance of teaching employability skills at secondary, university level

Future of Education Summit: How this former investment banker is disrupting the education system with an innovative curriculum

Future of Education Summit: Adam Habib on the future of universities & the importance of a university degree in the workplace

World Diabetes Day: How ICT can be used as a tool to mitigate diabetes in SSA

Young Africans are ill-prepared to enter the job market as education worsens

Dominick Sanga on how best African youths can be empowered for the future

This African education firm is investing $14 million in 4 new campuses

Giving young people basic financial skills can aid them in finding jobs, here’s how

Africa’s first ‘design lab’ launched in Kigali

How social investments impact business

This is how technology has changed Edo State’s education – Governor Obaseki

Africa’s creative industry urged to join the digital revolution

News Tips

Advertise With Us

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