Data from the International Labour Office’s 2014/15 World Social Protection Report[3] estimates that currently only 16.9% of older people in sub-Saharan Africa receive an old age pension. Although this number is higher in North Africa at 36.7%, it is still considerably lower than much of the developed world (90% in North America and Europe). A recent report on the pension sector in the East African Community estimates that between 80-90% of the population is not reached via public or private pension fund schemes.
— International Labour Office
The European Union (EU) has had a lot of successes since it was founded on November 1, 1993, in Maastricht, The Netherlands. Although the body’s activities actually started as far back as the 1950s with a different nomenclature, it formerly became a union in 1993. Beginning as a pretty much amorphous geo-political entity with only six countries […]
There was a time when workers just went to work to work. When the driven and devoted were promoted into higher positions of responsibility and no one cared about the effectiveness of the team as a whole. Those times are changing though. Businesses, whether large or small, are starting to recognise the importance of empowering […]
About $2 billion revenue which yearly enters Nigeria earns from activities at Africa’s largest Information and Communications Technology (ICT) centre, Computer Village, Lagos, is currently under threat from counterfeiters. Counterfeiting has increased by almost 50 per cent within three years of a major raid by the Standards Organisation of Nigeria (SON) on the market, located […]
When electricity was first popularized at the beginning of the 20th century, there was a huge wave of factories that replaced their steam engines with electrical engines in an effort to increase productivity and modernize operations. However, the initial productivity gains from the electrification were barely noticeable – a phenomenon known in the economics literature as the […]
Like any year before, 2017 will bring its own problems and solutions, shaping up both the way we use and think about technology. So without further ado, take a dive into the future and check out some of the most exciting tech trends to look forward to in 2017. Virtual Reality With forecasts predicting its […]