Human Capital as a Vehicle for Africa’s Economic Transformation

Abstract

The paper attempts to rekindle the debate of low human capital base as a bane of Africa’s economic transformation. The paper attributes developmental gap between Africa and the rest of the world to its relatively weak human capital base. Low public investment in education culminating in limited access to education, poorly motivated teachers and overstretched tools and facilities remain key challenges to Africa’s human capital development. Africa’s human capital base can be enhanced through improved public investment in education and private sector participation in provision of education, measures to reverse brain drain, and effective collaboration between educational institutions and industry.