+44 01483 457477 farolaz@hotmail.co.uk

Labour Market Skills Gap In The MENA Region And Sub-Saharan Africa

Advertisements

INJAZ Al-Arab And JA Africa partner with Oliver Wyman to explore Labour Market Skills Gap In The MENA Region and Sub-Saharan Africa

INJAZ Al-Arab and JA Africa have partnered with global consulting firm Oliver Wyman to explore labour market skills gap in the MENA Region and Sub-Saharan Africa in an effort to tackle the unemployment challenge.

The “Youth Employment Perception” survey was conducted in response to the realization that these incremental unemployment figures cannot solely be attributed to lack of opportunities in the formal labor market.

The study took place across thirteen countries, including Egypt, Saudi Arabia, Kuwait, Lebanon, Morocco, Qatar and the UAE in the MENA region, along with six countries in Sub-Saharan Africa i(Eswatini, Gabon, Nigeria, South Africa, Uganda and Zimbabwe).

The study looked at markets across four key areas to provide a dual-perspective from both youth and employers which included sectoral opportunities and challenges, qualifying the skills gap, bridging the gap, and the impact of COVID-19 on the labour market. Interestingly around 60% of youth are unable to secure employment due to lack of relevant work experience, while 70% believe they need updated education and upskilling to find employment, showing just how much a problem the skills gap currently is.

The study surveyed more than 350 employers across the Middle East and Sub-Saharan Africa, and over 2,000 youths across both regions. The employer respondents were selected from various industries to get a broad view, including education, public sector and nonprofit organizations, financial services, manufacturing, engineering, and professional services. The insights from the study will be used to influence the private sector and public policy in addressing these challenges.

AkefAqrabawi, President &CEO of INJAZ Al-Arab, said: “In keeping with our commitment to inspire and prepare a generation of Arab youth to become the leaders of tomorrow, we were pleased to collaborate with Oliver Wyman on a project that has the potential to support the MENA region and Sub-Saharan Africain tackling the unemployment challenge. The survey sheds awareness on the disparity between the skills that youth are currently being equipped with, and the requirements requested by today’s employers. We will continue our work at INJAZ-Al Arab by leveraging the insights garnered from this study to provide the necessary programs and mentorship opportunities to students to close this gap.”

Continuing to discuss the power of the partnership, Pierre Romagny, Partner at Oliver Wyman, said: “We were pleased to partner once again with INJAZ Al-Arab and JA Africa on such a pivotal project to deepen our common understanding of the skills gaps and youth-employer disconnects on the labor market. These insights are critical to point the private and public sectors alike in the right direction to start addressing these challenges. We are proud to have collaborated withINJAZ Al-Arab and JA Africa on this study: 13 program facilitators and 18 friends of the work-readiness programs (employers) across MENA and SSA have provided valuable insights on challenges and opportunities in their market. We look forward to leveraging this report to create awareness with employers and drive opportunities for youth across markets.”

JA Africa’s CEO, Simi Nwogugu, said,”Parts of Sub-Saharan Africa has some of the highest rates of youth unemployment in the world and the COVID-19 pandemic has exacerbated the situation, making it increasingly important that we develop solutions quickly as the region also has the largest and fastest growing youth population in the world. We are grateful for this partnership with Oliver Wyman which will inform the work we do at JA Africa over the next few years to equip youth with requisite skills for productive employment and entrepreneurship.” 

For further details on the survey findings and to download the report, visit https://owy.mn/3xS7IQP

An Homage To Zaha Hadid: “Abstracting The Landscape”

Advertisements

Marking five years since the passing of renowned architect and artist Zaha Hadid, Zurich’s Galerie Gmurzynska presents a celebratory and revelatory exhibition of her work entitled “Abstracting the Landscape”.

The picture above is for illustration and is of Ocula.

An Homage To Zaha Hadid: “Abstracting The Landscape” Exhibition At Galerie Gmurzynska In Zurich

Nel-Olivia Waga, Contributor to Travel

I write about conscious luxury, focusing on travel, well-being & art.

Described as the “Queen of Curves”, this Iraqi-British innovator was one of the major figures of late 20th Century and 21st Century architecture and design. Her buildings and interiors always dared to be different and her global legacy reveals her creative and enduring genius. What she achieved is an influential body of work which others look to for inspiration.

Zaha Hadid Abstracting The Landscape at Gallery Gmurzynska Paradeplatz Zurich GMURZYNSKA

Hers was a career marked by recognition for all that she contributed to the development of design and function. Her impact on the built environment was extensive and driven by her fusion of Modernism into her architectural creations. This saw her become the first woman to receive the Pritzker Architecture Prize and the only woman ever to be presented with the Royal Gold Medal from the Royal Institute of British Architects. Her numerous and acclaimed exhibitions have included “The Great Utopia” at the Guggenheim Museum and Art Basel in both Switzerland and Miami.

Zaha Hadid Abstracting The Landscape at Gallery Gmurzynska Paradeplatz Zurich GMURZYNSKA

Her architecture always evolved as she was never prepared to stand still or to accept anything that would compromise her vision. She was always eager to challenge preconceptions bringing some much-needed refreshment to an architectural establishment that can often appear stale and inflexible. The fact that her many buildings already seem timeless is a testament to her ongoing relevance and her ability to prompt those who follow to strive to achieve such a level of authenticity.

Zaha Hadid Abstracting The Landscape at Gallery Gmurzynska Paradeplatz Zurich GMURZYNSKA

Galerie Gmurzynska has had a long association with Zaha Hadid having highlighted her work in a number of earlier exhibitions. There is therefore an initial poignancy around this collection of models, drawings, artworks and sculptures as it prompts the thought that she has now gone. However, the sheer vibrancy of the pieces quickly dispels any feelings of melancholy and it is a joy to look at and experience what is so carefully set out here. 

“When we saw Zaha’s design for the “Great Utopia” exhibition of Russian Avantgarde at the Guggenheim New York in 1992, it took our breath away. And that is what our relationship was about, to implement breathtaking projects ever since. For most she will be remembered as the female architect who broke the glass-ceiling. For her the term “female architect” was irrelevant. For us, as a gallery, her drawings and paintings could be considered works of art, while Zaha never considered herself to be an artist. Zaha was an eternaly curious and artistic minded person with a vision. It is this Zaha that we attempt to present in our current exhibition as an homage to Zaha Hadid.” says Matthias Rastorfer, CEO and Partner at Galerie Gmurzynska

Zaha Hadid Abstracting The Landscape at Gallery Gmurzynska Paradeplatz Zurich GMURZYNSKA

Zaha Hadid’s use of non-figurative forms and shapes fuses technology with art and the clever interplay of light and color combinations show her freshness of vision, creativity and technical expertise. Elements of the exhibition are so “reach out and touch” that they draw both the hand and the eye as they fill the gallery’s floor space. The sinewy contours of many of the works on display seem irresistible and lure both our eyes and hands to discover more. The mixing of media adds depth to the exhibits and there is also the contrast between the modernity on show here as it juxtaposes with the traditional architecture of the commercial building which appears opposite.

Zaha Hadid Abstracting The Landscape at Gallery Gmurzynska Paradeplatz Zurich GMURZYNSKA

The exhibition involved close co-operation with the late artist’s designs team who act as the guardians of her legacy and who seek to preserve and respect her artistic integrity. It is fitting that Galerie Gmurzynska has decided to incorporate key elements of Zaha Hadid’s work as a permanent element of its gallery space. This will act as a reminder and a living memorial of this great architect and artist’s depth of contribution over the length of her career. 

Nel-Olivia Waga at Galerie Gmurzynska’s Zaha Hadid Exhibition: “Abstracting The Landscape” in Zurich XANDRA M. LINSIN

Impressive on all levels.

I view luxury lifestyle from a conscious perspective and am most passionate about wellbeing, art and travel. I am the founder of the lifestyle blog her-etiquette.com (follow me on Instagram: @her_etiquette). I also run the consulting firm HER CIRCLE which specializes in sustainable luxury strategies and marketing concepts with purpose. Before becoming an entrepreneur I have worked in Sales & Marketing at Coutts & Co, Deutsche Bank and Hugo Boss. Based between Zurich and London, I travel the world and write about the joy of the journey. 

Fintech industry poised for significant growth in the MENA region

Advertisements

The MENA region, like much of the undeveloped world, is characterised by an omnipresent Informal Economy with however differing specifics. This label dates back to most countries Planned Economy. So why is now the Fintech industry poised for significant growth in the MENA region? And how?
All world economies have an informal economy, and the duties of all business and governments alike leaders are to sustain, help and assist in its good maintenance and eventual development. Informal Economy is not Black Market and can easily be formalised to become the locomotive of any nation’s economic life. Could Fintech be of serious help here?

Any way, the reasons are tied to those specifics at this conjecture as well summarised by Ayad Nahas below.

The Financial Technology (Fintech) industry in the Middle East and North Africa (MENA) looks well placed to enjoy a period of substantial growth.

  • As many as 69% of adults remain totally unbanked in the region
  • Internet penetration in Saudi Arabia stood at 95.7% in January 2021
  • Fintech is going to be the “game-changer”

Fintech industry poised for significant growth in the MENA region

By Ayad Nahas, Communication Strategist

The Financial Technology (fintech) industry in the Middle East and North Africa (MENA) looks well placed to enjoy a period of substantial growth.

 Part of this growth could come from a large unbanked population.

According to the World Bank, only 8% of adults belonged to the banked population in 2018 and as many as 69% of adults remain totally unbanked in the region.

GCC expatriates with low and middle-income salaries constitute a large proportion of the unbanked such as in the UAE, where around 80% of the population is outside the current financial system.

Yet, regional smartphone and internet penetration is very high, reaching 2 mobile-cellular subscriptions per UAE inhabitant in 2019, while Internet penetration in Saudi Arabia stood at 95.7% in January 2021.

 Regional governments spotted this opportunity and introduced regulation to substantially attract investments into the sector.

 Fintech is a term that describes new technology which seeks to improve and automate the delivery and usage of financial services. At its core, fintech helps companies, business owners, and consumers better manage their financial operations, processes, and lives by applying specialized software and algorithms on computers and, increasingly, smartphones.

 Fintech’s adaptability across a slew of consumer sectors is propelling its widespread acceptability. Managing finances, trading shares, furnishing payments, and shopping online (often on your smartphone) has never been more convenient.

At the forefront of the fintech disruption are agile innovations such as peer-to-peer (P2P) lending and crowdfunding, providing alternative lending platforms, and widening access to fundraising.

While they may currently still need some centralized form of finance, at the minimum, P2P lending and crowdfunding can use fintech and blockchain to quicken the process, avoid paying high banking fees, and garner the interest of digitally-minded Millennials and future Z-generations.   

A recent report by consultancy firm Deloitte also states that the UAE houses over 50% of the region’s fintech companies, with nearly 39% of the population using fintech for P2P money transfer.

According to a report by Crowd Funder, a leading online source for the fintech industry, the number of financial technology companies in the Middle East increased from around 105 companies in 2015 to 250 firms in the year 2021.

Hanna Sarraf, a senior banking executive from the MENA region, said fintech is going to be the “game-changer” that will decide the winners and losers within the financial services industry, globally and in the Middle East, in the short and long terms.  

He points out that new technologies and advanced data analytics are transforming the traditional banking business models from the way banks interact with customers to the way banks manage their middle and back-office operations. 

The global fintech market is expected to reach $309.98 billion at a CAGR of 24.8% by the year 2022 according to many key sources from the banking industry. In the MENA, the fintech industry is expected to hit a record valuation of $3.45 bn by 2026.

The growth of this sector is currently being propelled by the rapid rise in fintech startups as a result of the very high internet penetration in the region. Another major factor is that several traditional banks are undergoing digital transformations or even becoming neo-banks, a trend especially evident in the UAE.

In a survey by the Boston Consulting Group (BCG) last October, 70% of respondents said they are actively searching for a new bank, and 87% said they would be willing to open an account with a branchless digital-only lender.

Today, the UAE is leading the pack in financial technology and developing itself as a digital-first nation when it comes to banking, payments, and fintech, as evidenced by the UAE’s first digital bank to provide both retail and corporate banking services and which will soon be launched and led by Former Emaar Chairman, Mohamed Alabbar.

According to many experts, the fintech market in the MENA region is set to account for 8% of the Middle East financial services revenue by 2022. COVID-19 turned out to be a wakeup call to switch from traditionally deployed financial services to more sustainable finance and technology platforms

The fintech revolution is set to continue to disrupt, and traditional banks must keep up with the pace of technology in order to stay relevant and competitive. In this rapidly evolving, ever-changing market, it’s time to innovate, integrate and accelerate into the future.

Published by AMEInfo on 28 April 2021.

Developing Capacities Of UNESCO Designations For Sustainable Development

Advertisements

India Education Diary Bureau Admin in Developing Capacities of UNESCO Designations For Sustainable Development informs that there could be no future without focusing on the nexus between heritage and the creative economy. In a move to help in that direction, UNESCO designated sites to the proclamation of 2021 as the International Year of Creative Economy for Sustainable Development.

Developing Capacities Of UNESCO Designations For Sustainable Development

The Fondazione Santagata for the Economics of Culture has just released the report of a survey conducted with the support of the UNESCO Regional Bureau for Science and Culture in Europe, in order to assess the impact of the first 5 workshops conducted under the initiative “International Academy on UNESCO Designations and Sustainable Development” (2015-2019). During this fruitful experience, the Academy convened approximately 130 professionals working for UNESCO designated sites from about 50 countries across the world and generated evident positive impact on capacities to contribute to local sustainable development, both directly and indirectly.

The International Academy on UNESCO Designations and Sustainable Development is a capacity-building programme conceived and launched in 2015 by the Santagata Foundation for the Economics of Culture and UNESCO through its Regional Bureau for Science and Culture in Europe, as part of the interdisciplinary and intersectoral programme of the latter.

The International Academy aims to contribute to the achievement of the Sustainable Development Goals of the 2030 Agenda through strengthening the capacities of managing authorities and other local practitioners working with UNESCO designations, with special focus on World Heritage properties, Biosphere Reserves, Global Geoparks, elements inscribed in the Lists for Intangible Cultural Heritage, and Creative Cities. The project was made possible thanks to the annual contribution of Italy to the UNESCO Regional Bureau for Science and Culture in Europe.

So far, 5 yearly international workshops have been organised since 2015, with the exception of 2020 due to the COVID-19 outbreak. Held primarily in Turin and the Piedmont region, with an interactive programme combining lectures, group works and meetings with stakeholders in local real-case scenarios, these workshops saw the attendance of a diverse group of participants from the European region and beyond, creating a community of professionals and incrementing their skills and understanding on how to foster sustainable development in UNESCO designated sites through the integrated management of cultural and natural resources.©Fondazione Santagata. Mont-Viso Transboundary Biosphere Reserve

In response to the disruption of the Academy’s regular activities due to the COVID-19 pandemic in 2020, the UNESCO Regional Bureau for Science and Culture in Europe and the Santagata Foundation launched an in-depth survey to evaluate the impact of the workshops held in previous years, aimed at participants and local partners involved. The outcomes of the survey were analysed and presented in a technical report, which offers evidence of the positive impact of the Academy especially in terms of knowledge advancement, networking and regional cooperation.© UNESCO

The Academy experience helped participants to envisage and pursue new partnership opportunities in their respective local contexts at different levels: within the governance framework of single designated sites; across different policy sectors (e.g. culture, environment, tourism, agriculture, creative economy); between different designations in multi-designated areas or in close territorial proximity; as well as between different designated sites in different countries or territorial contexts.

The responses of participants also attest to the importance of the Academy in improving advancing participants’ knowledge on UNESCO designations and related processes; enhancing their professional capacities; sharing good practices; supporting peer learning, and eventually promoting the introduction of new operational measures or policies in the concerned designated sites.©Fondazione Santagata. Residences of the Royal House of Savoy, Pollenzo – UNESCO World Heritage

One of the key findings of the survey is that none of the selected UNESCO designated areas were immune to the heavy socio-economic effects of the COVID-19 pandemic, highlighting the necessity to develop appropriate responses to the crisis in the sense of sustainably leveraging cultural and natural assets for recovery. This was reflected in the capacity-building priorities that the respondents indicated for future workshops of the Academy, focusing especially on: i) how to effectively sustain economic growth while ensuring social and environmental sustainability; ii) increasing the preparedness, resilience, and recovery of the sites in face of emergencies; iii) supporting the construction of a strategic, integrated, and participatory management framework with a view to achieving middle and long-term objectives.

On this basis, the UNESCO Regional Bureau for Science and Culture in Europe, together with Fondazione Santagata are working to prepare the 6th workshop of the Academy, which is tentatively scheduled in October 2021 and will focus on the nexus between heritage and the creative economy in UNESCO designated sites, in the wake of the proclamation of 2021 as International Year of Creative Economy for Sustainable Development.

A summary of the survey report is available here: https://unesdoc.unesco.org/ark:/48223/pf0000376137

RELATED POSTS

Professor: ‘certification’ mania hobbles Middle East development

Advertisements

Leading scholar says region must place more importance on liberal arts, not just science and engineering, to build better societies by Anna McKie could be an unprecedented way of covering the recurring issue of underdevelopment not through traditional knowledge but by using the art and humanities knowledge. Let us see what is proposed as per the very words of a Professor: ‘certification’ mania hobbles Middle East development.

The picture above is for illustration and is of another article on how a MENA summit weighs liberal arts’ role in post-Covid recovery by the Times Higher Education.

Professor: ‘certification’ mania hobbles Middle East development

April 8, 2021

Students in the Middle East and North Africa are too often more interested in “acquiring” a degree than developing the understanding that should come with it, a leading scholar has warned.

Safwan Masri, Columbia University’s executive vice-president for global centres and global development, said too many young people were steered into courses focused on science and engineering when critical thinking and intercultural understanding were desperately needed across the region.

Source: iStock

Speaking at Times Higher Education’s MENA Universities Summit, Professor Masri said future leaders being trained in institutions across the region were “not fully prepared to lead”, the product of “technocratic societies led by a global technocratic class”.

“Students – and the parents who bankroll them – are often more interested in acquiring professional certification than truly understanding the world and the role of an educated citizen within it,” said Professor Masri.

“Here in MENA, young people fortunate enough to attend university are almost unilaterally steered into STEM training.

“But STEM competency is only half of the equation. We need people who also know how to organise societies, articulate and secure alignment on political ideals, and build robust civil societies that expand rights and freedoms to historically marginalised groups.”

Professor Masri, an expert on the contemporary Arab world and the head of Columbia’s study centre in Amman, Jordan, said the solution had to be a greater embrace of liberal arts education across the region.

He acknowledged that this “won’t be easy” because generations of Arabs “have been indoctrinated with hyper-nationalist propaganda, exclusionary rhetoric and dogmatic religious discourse at the expense of critical thinking and questioning skills”.

“Progress cannot be achieved without deprogramming and reprogramming this mindset, to learn to coexist with different points of view and ways of life,” Professor Masri said.

“Unless liberal arts training is more highly valued in this region, the region’s ambitions will be thwarted. We must achieve balance. We must help students – and the parents who fund many of them – understand the crucial interplay between content [of academic training] and context [understanding of society].”

At the summit, held online in partnership with NYU Abu Dhabi, Professor Masri also argued that at a time of geopolitical turmoil and “historic levels of misunderstanding” between countries and the people within them, knowledge diplomacy led by universities “may be our last and best tool if we are to rebuild a broken world”. He highlighted Columbia’s decision to maintain its global centre in Istanbul even in the face of increasing persecution of academics.

“The solution wasn’t to give in, we contended, but to dig in – to support academics and students, to continue to share knowledge,” Professor Masri said.

But Professor Masri expressed concern about the “weaponisation” of knowledge, highlighting that while Gulf states’ attempts to exercise soft power by funding Middle East studies centres in Western universities ostensibly had “no strings attached”, there were “uncomfortable stories” of researchers at these centres coming under pressure after writing about issues such as human rights and democracy.

A better model of knowledge diplomacy, he argued, was that of the Covid vaccines, which were the result of thousands of researchers crossing the globe over decades, generating the knowledge that informed the vaccines’ designs.

“The Covid vaccine represents decades’ worth, perhaps even centuries’ worth, of university-generated knowledge – distilled down to little more than an ounce of liquid, all concentrated in a single shot,” Professor Masri said.

“This medical and scientific breakthrough will reconnect the people of the world.”

anna.mckie@timeshighereducation.com

Twitter: @annamckie

Read more about: