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The New Face of Emerging Market Outsourcing: Why African Talent is Primed to Reshape Global Business Processes
The global labor market has been transformed by the COVID-19 pandemic’s normalization of remote work and the resulting “great resignation,” in which high-skilled employees in developed markets have left stagnant positions in favor of more flexible, engaging jobs. As Orinola Gbadebo-Smith at Hugo Technologies explains, this has resulted in a talent shortage in sectors like business services and information technology, leading corporations to outsource increasingly more complex tasks to developing countries where workers have acquired the skills to perform them. He explores why young workers in Africa are particularly well-placed to capitalize on this shift.
- Categories
- Technology
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Press Release: Jobtech Alliance Announces its First Cohort of Inclusive Jobtech Platforms to Create Work Opportunities and Quality Livelihoods in East and West Africa
The Accelerator will provide $200,000 in grant capital, bespoke venture building support, and access to industry experts through a six-month program that will equip the companies with the tools to grow their ventures.
- Categories
- Technology
- Region
- Sub-Saharan Africa
- Tags
- accelerators, data, e-commerce, employment, innovation
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Press Release: DFC Approves More Than $655 Million of Investments to Bolster Infrastructure, Energy Security, Food Security, and Healthcare in Q2 of FY2023
The transactions will support U.S. foreign policy and development priorities across the globe.
- Categories
- Energy, Investing, Technology
- Region
- Global
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Microsoft Begins Wave of African Layoffs in Kenya
While the layoffs have mostly been concentrated in Seattle, Washington, where Microsoft’s operations are based, other countries have not been spared—Kenya being the first in Africa.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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Filipino Fintech Advance Secures $16 Million in a Pre-series A Funding
With the funding announcement, Advance also announced that it has expanded into Vietnam by acquiring BravoHr.
- Categories
- Finance, Technology
- Region
- Asia Pacific
- Tags
- employment, fintech, innovation
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Press Release: Asia-Focused Digital Mental Health Company ThoughtFull Raises US $4 Million in Pre-Series a Round, Led by Temasek-Owned Sheares Healthcare Group
This marks Sheares' first investment in mental healthcare across the region to close the gaps in the existing mental healthcare ecosystem.
- Categories
- Health Care
- Region
- Asia Pacific
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Press Release: Central African Republic Can Lift Millions Out of Poverty by Revitalizing its Agricultural Sector: World Bank Report
The Central African Republic can lift millions of people out of poverty by transforming its vital agriculture sector as a key driver of economic growth.
- Categories
- Agriculture
- Region
- Sub-Saharan Africa
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Deakin to invest $4 million in India over 2-3 years
The Australian university will start classes at its GIFT City campus making it the first foreign university to start a full-fledged campus in India.
- Region
- Asia Pacific