However, poor access to quality education is a serious threat to Africa’s human capital.
Currently, a couple of interesting businesses and initiatives are achieving remarkable successes as they tackle Africa’s education problems head-on.
Bridge Academies (in Kenya and East Africa) and Omega Schools (in Ghana and West Africa) have built an incredible education model of low-cost primary schools that allow pupils to pay as low as $1 a day as school fees.
Another interesting business on Africa’s education scene is Andela. Through its free and highly rigorous training program, Andela develops promising African talents into top class software developers who are hired out to the likes of Microsoft and other tech giants in the USA and Europe.
This interesting business model is called ‘talent-as-a-service’.
Andela recently attracted $10 million in investment and is on track to train 100,000 world class African software developers over ten years.