Posts

Showing posts from October, 2016

Guest Post: Entrepreneurs don’t have a special gene for risk—they come from families with money

Many of us think millionaires have a kind of self-motivation and hard work not given to others, but this article here identifies the game changer. So, if you want to be a millionaire, part of your hard work should be to save money, lots of money to venture. Money is the thing that separates millionaires from attempters. So does this article by Aimee Groth accessible on reveals. http://qz.com/latest/ Guest Post: Entrepreneurs don’t have a special gene for risk—they come from families with money   BY Aimee Groth We’re in an era of the  cult of the entrepreneur . We analyse the  Tory Burches  and  Evan Spiegels  of the world looking for a  magic formula  or  set of personality traits  that lead to success.  Entrepreneurship is on the rise , and more students  coming out of business schools are choosing start-up life  over Wall Street. But what often gets lost in these conversations is that the most common shar...

'Brain Drain' Continues as Sub-Saharan Africa Bleeds Skilled Labor

Image
By  Andrew Soergel accessible on http://www.usnews.com/news/best-countries/articles/2016-10-07/sub-saharan-africa-bleeds-skilled-labor-as-brain-drain-continues Buried in the International Monetary Fund's massive 289-page  World Economic Outlook report released earlier this week is a small line about a big problem for the labor markets of sub-Saharan Africa. A region of the world that the  World Bank  believed was home to more than 1 billion people in 2015 is suffering from what the IMF refers to as a "brain drain" as young, skilled workers depart from the region, leaving educated and technically proficient professionals in short supply. The exodus of young, educated workers is taking a toll on a region where human capital is scarce, the report said. "The migration of highly skilled workers entails a high social cost, as is evidenced by the departure of doctors and nurses from Malawi and Zimbabwe, which may mean welfare losses beyond those that are purely eco...

Hurray, Cameroon no longer tops corruption league

Image
Corruption lingers at the core of many of the world's underdeveloped nations, including Cameroon, but we are today a far cry from those days when we used to trade number one position with Nigeria. How we managed it is a different story (may be, we corrupted those who make the classification). But, let us see who plays in the top flight of the corruption perception league.  This article was originally posted on : http://www.usnews.com/news/best-countries/articles/2016-02-11/10-most-corrupt-countries-ranked-by-perception?src=usn_fb by  Rachel Dicker  and  Lauren Boyer   Nigeria , the most populated country in Africa, is perceived to be the most corrupt among 60 countries evaluated, according to data from the  2016 Best Countries rankings . The rankings are a characterization of 60 countries based on a survey of more than 16,000 people from four regions.   In the survey, respondents answered how closely they related each of the 60 c...

YOUTH EMPLOYMENT, UNEMPLOYMENT AND SOCIAL PROTECTION IN CENTRAL AFRICA

Image
COURTESY:  TRANSFORMING OUR WORLD YOU CAN ACCESS THE ORIGINAL ARTICLE IN FRENCH HERE:  http://trow.cm/index.php/trow/population/168-emploi-chomage-des-jeunes-et-protection-sociale No activity could have been too great or too insignificant for the World Day of Decent Work which comes up on 7 th October each year, including round tables, publication of articles, major gatherings among others. Unemployment and Underemployment in Central Africa The unemployment rate in the Central African subregion is very high (23.12%), and is much higher in some countries like the Democratic Republic of Congo (70%) or Chad (30%).   The rate is even higher if we include underemployment. In fact, in a country like Cameroon, by implementing the ILO's definition, which remains disputable in the case of some African countries, an unemployment rate of 4.4% was obtained. However, the rate of underemployment stands at 75.8% according to the ECAM 3 Survey. This situation can be expl...