Investment, Training, Employment and Poverty Alleviation in Africa: A Critical Analysis

Abstract

Today, it is overwhelmingly accepted that investing in training opens a large gate for the trained people for better jobs, high incomes, and improved living standards. It is in this regard that this paper endeavors to analyse the fundamental relationship between investment, training, employment and poverty alleviation in Africa. From the analyses, it has been noticed that the relationship between these factors is weak. Also, the latter are less integrated on the African continent, mainly due to inadequate investment in training required to trigger, strengthen, and sustain their integration. In addition, training and education are more theoretical and less adapted to the development needs of many African countries. To this effect, it is recommended that: first, the development programs on the continent should match the socio-economic needs of its people; second, more emphasis should be laid on providing quality, affordable and accessible technical and vocational training to the masses; lastly, the study and mastery of science, technology and innovation at all levels of education and training should be initiated, reinforced and/or enhanced by African governments.

Keywords: Investment, Training, Employment, Poverty Alleviation, Africa

DOI: 10.7176/DCS/10-3-06

Publication date:March 31^st 2020