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Market Brief - Africa Economic Financial Brief From 31 December 2012 to 4 January 2013

05-Jan-2013

Africa, a continent known for its abundant natural resources, also has important human resources. Unfortunately, Africa is not fully leveraging this huge potential of skilled people due essentially to the brain drain. Despite the lack of consistent data on African human capital flight, there is an evident increase of a brain drain from African countries to developed regions. According to estimates by the International Organization for Migration, Africa has been losing 20,000 skilled professionals every year since the 1990s1 . Of the ten countries in the world with the highest percentage of educated people living abroad, six are in Sub-Saharan Africa. For instance, one-third of skilled Angolan people lived abroad in 2008 and this rate was almost 50% in Ghana in the same year.

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