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World Bank forum calls for private sector to build skills


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The private sector has been called upon to support efforts to create skills and capacity in Africa to contribute to Africa’s transformation and economic growth. At the recent fourth World Bank’s Partnership for Skills in Applied Sciences, Engineering and Technology, or PASET, forum in Nairobi, the World Bank Group’s Vice-President for Human Development Keith Hansen said the private sector should expand its support for skills-building in Africa, with both resources and technology. The forum was organised by the World Bank and the Kenyan government from 5-7 April. It was attended by 19 African countries, including education and higher education ministers, and key partners such as South Korea, China, Brazil and Malaysia, which share knowledge and technical assistance with PASET's African members. “Links between education and industry are crucial, and Germany, Singapore, Korea and China all offer know-how around forging these links,” said Hansen. Private sector firms that attended included Microsoft, the State Grid Corporation of China and Philips. According to Hansen, PASET reflects two key World Bank Group priorities: “Our commitment to Africa, and to investing in people.” Human capital The World Bank invests in people because it is the right thing to do, and because people are an often untapped engine of inclusive economic growth, he said. Human capital is integral to ending poverty, explaining up to two-thirds of income differences between countries across the world. “To strengthen human capital in Africa, we need to achieve the right skills mix for young people. It is fantastic to see partners and governments converge around PASET, because there is no smarter shortcut to a bright future than education – when it is high-quality and relevant.” He noted that a critical mass of expertise and institutions that drive scientific and technological advancement in key sectors such as agriculture, energy, manufacturing, construction, ICTs and health also help sustain economic growth and boost resilience. “

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