The Rwandan business scene has grown over the last 4 years with about 800,000 Rwandan adults owning a business, the recently released 2020 FinScope Survey Report shows.
The survey established that the number of Rwandans who own businesses had grown by 200,000 from 2016.
- Sub-Saharan Africa
An Unlikely Mobile Money Success Story: How Somalia’s Civil War Laid the Foundation for a Cashless Society
Somalia has been ravaged by civil war, and the repercussions of the conflict continue to this day. Yet out of this violence and economic turmoil, a thriving mobile money ecosystem has emerged. According to Ahmed Muhamud Yuusuf at Hormuud Telecoms, the country has become the world’s first truly cashless economy. He explores the many positive impacts this accomplishment has had.
The Blind Spot in Africa’s COVID-19 Response: Western Public Health Tactics Won’t Work – This Local Solution Might
The COVID-19 pandemic is primed to spread in Africa, and with just one doctor per 5,000 people, a major outbreak would overwhelm the continent’s health care systems. But as Anatole Manzi at Partners In Health points out, tactics like social distancing and hand-washing are not feasible in crowded slums and areas without clean water. He proposes a home-grown solution: training young people as community health workers.
How big is the opportunity for circular jobs? Some wildly ambitious, multi-trillion-dollar projections that made headlines several years ago have been picked apart for failing to take into account the increasing automation of labor as well as import and export flows.
Africa’s Youth Employment During a COVID-19 Recession: We Must Innovate to Achieve a Job-Rich Recovery
As COVID-19 ravages the global economy, how can we protect existing jobs and quickly produce new ones – especially in markets like Africa, where youth unemployment was already high? According to Stephen Hunt and Neil Fleming at the Challenges Group, tackling this issue will require the development sector to innovate – and recognize that some of its favored approaches aren't working.
Earlier this year, the Clinton Giustra Enterprise Partnership announced that it was spinning off from the Clinton Foundation, where it had been an initiative since its founding in 2007. The independent organization, now called Acceso, works to build businesses and connect them to the broader marketplace – particularly in Latin America. Its founder, Frank Giustra, discusses its new focus and ongoing work in this Q&A.
An initial assessment of the impact of COVID-19 on the global world of work says the effects will be far-reaching, pushing millions of people into unemployment, underemployment and working poverty, and proposes measures for a decisive, co-ordinated and immediate response.