December 5, 2024 • 14 mins
Each year, up to 12 million young Africans enter the workforce, but only about three million formal jobs are available. So many Nigerians have left Africa's most populous country in recent years, the Yoruba term "japa" -- or escape -- has become shorthand for young people desperate to put their skills to use. After President Biden’s visit to Angola celebrating infrastructure investment - could the west be doing more to help Africa make the most of it’s talent rather than losing it to places like the UK, US and Canada?
Author, journalist and Bloomberg columnist Ciku Kimeria joins Jennifer Zabasajja to talk about her latest piece on the issue, why so many people are choosing to leave and what future she hopes her young daughter will grow in to
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Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:02):
Bloomberg Audio Studios, podcasts, radio news.
Speaker 2 (00:10):
President Biden became the first sitting US president to visit
Africa since twenty fifteen this week, as he kept his
promise to meet with President Joel Lorenzo in Angola.
Speaker 3 (00:24):
And makes sense. You must work as partners with work entrepreneur.
Speaker 1 (00:29):
That business is here in Africa.
Speaker 4 (00:32):
Although I don't know exactly what the future will hold,
I know the future runs through Angola, through Africa. I
mean it sincerely.
Speaker 2 (00:40):
The President was keen to teut US investment in infrastructure
like the Lobido Corridor to help speed up the export
of critical minerals, but for many Africans it's the export
of their young talent that's actually become the real concern.
On this episode of The Next Africa Podcast, we'll look
at why so many young Africans think their future prospects
(01:03):
lie abroad and what can be done to turn it around.
I'm Jennifer Zabasandra, and this is the Next Africa Podcast,
bringing you one story each week from the continent driving
the future of global growth, but the context only Bloomberg
can provide. Joining me this week from Nairobi is author,
(01:28):
journalist and Bloomberg columnists Shiku Kameria Shiku, great to have
you here.
Speaker 1 (01:33):
How are you doing, Hi, Jennifer, I'm great, nice to
see you.
Speaker 3 (01:37):
Nice to see you too and speak with you.
Speaker 2 (01:39):
This is a very fascinating piece, and I'm sure for
many people who have been covering the region it's something
that's been on the minds for a number of years.
But let's start with some of the concepts you get
into in your piece, and one of them is called jappa.
Talk to us about what that means and why you
focused in on that.
Speaker 1 (02:02):
So Japa is a concept of young Africans who are
so frustrated. Many times they're they're patriotic, they have great hopes,
they're innovative, they're resilient, but then they get to the
point where they feel the continent has failed them. And
japa means to flee, and so now they're fleeing to
and these are young, educated people, so it's really people
that the continent should be tapping into and keeping on
(02:24):
the continent. But they get frustrated and they'll be living
for Canada, UK or any other any other place in
the West that's making it easy for people to move
for work.
Speaker 3 (02:33):
Do we have a sense to go.
Speaker 2 (02:35):
Why they're choosing some of these places that they're going,
especially given some of the challenges that they're facing here
on the continent. Is that factoring into potentially where they're going.
Speaker 3 (02:46):
What did you find?
Speaker 1 (02:47):
Yes, So from what I boops are people will go
where it's easiest for them. So even anecdotally, a lot
of the friends who I have who young professional, they
had good education and them a great career trajectory, they're
leaving for Canada because Canada does have they have a
very immigration friendly program that's going on that it's based
(03:09):
on a point system.
Speaker 3 (03:13):
Welcome, We're so glad you decided to make Canada your
new home.
Speaker 1 (03:17):
It's easy for people to move because there are people
who have had opportunities, so they don't to move in
illegal ways. They want to move in a way where
they know I will be able to get proper documentation
after a while. There's an opportunity for residency, and there's
an opportunity for citizenship. And also, anecdotically, one thing I
can say that makes me notice this trend is really happening.
(03:38):
Quite a few of the people who are even in
my own cycle, of the people who are moving are
people who were educated, even in the West, So it
means they went abroad, whether they went to Canada or
went Trance, whether they were in the US, they went abroad,
studied and came back to the continent with great hopes
of what they could do when they came back. So
they didn't even try to stay at that time. They
(03:59):
didn't tried to get residency or immigration or immigrat at
that stage. And then they've come back and after five years,
ten years, they've just filled their opportunities here and it's
not what they expected, and so out of frustration, they're
taking all their amazing skills and their experience and just
trying to build a better life for themselves and their
families abroad. So I think it's a real loss for
(04:22):
the continent. I believe it's again for the countries that
get them, but it's really a loss also for the
continent well.
Speaker 2 (04:29):
And it comes at a time where you mentioned the
population increase. There's also a lot more of a focus
on development on the continent and really a lot of
the industries that could power the future literally and figuratively.
But when we talk about employment figures and the underemployment figures,
(04:50):
I guess.
Speaker 3 (04:50):
I mean, how bad is it? What are we looking at?
Speaker 2 (04:53):
Especially when we factor and a lot of the people
who are living and finding opportunities elsewhere.
Speaker 1 (04:59):
It varies to country, but I would say youth and
employment rates are generally quite high across the continent, and
we're starting to lose people who have we definitely need,
Like we're losing huge numbers of nass We're losing huge
numbers of doctors, teachers, so highly engineers, so highly skilled
people who the continent really needs right now at this time.
(05:22):
An example I gave in the article was engineers. So
there's also a huge wave of migration among older engineers.
So right now, when the continent needs infrastructure, when it
needs people with all these expertise, you're having engineers who
are in their fifties, sixties who have all this experience,
and they're choosing to move elsewhere.
Speaker 3 (05:40):
That's surprising.
Speaker 2 (05:41):
I mean, I wonder after you wrote this story, I
wonder what kind of did you get any feedback or
how are people responding to it?
Speaker 1 (05:50):
Yeah, A lot of the feedback I got was, first,
the one thing, no one is blaming anyone for leaving
because there is an acknowledgement that patrioti is love of
your country. All those can only take you so far.
At some point, you want to make sure you know
your children will have great education opportunities. You want to
have access to health care. If you have aging parents,
(06:11):
you want to know that they'll be you know you'll
be able to provide for them deep into their old age.
So there is an acknowledgment that the people who are leaving.
No no one is saying, oh, this is so terrible
of them to leave, but we are knowledging that it's
terrible that the continent is losing these people. I did
get a few responses from people who have left or japaned.
I guess they told me, oh, this is my exact story,
(06:32):
and it's the truth. I wanted things to work out.
I tried everything when I was in Kenya, Senega, Nigeria, Ghana.
I tried everything to make things work and eventually I
just realized that it can't work for me there and
I'm leaving. So there's also that feeling and for the
people who are leaving, it's a bittersweet.
Speaker 3 (06:52):
Yeah, I think that's that's fair.
Speaker 2 (06:54):
Anywhere you go on the continent and talk to people,
there still is that patriotism, she could stay.
Speaker 3 (06:59):
With us US.
Speaker 2 (07:00):
When we come back, we'll talk about what kind of
investment could help people to stay on the continent and
dig more into your reporting.
Speaker 3 (07:08):
We'll be right back.
Speaker 2 (07:16):
Welcome back today on the podcast we are looking at
Africa's youth brain Drain and joining us is Bloomberg columnists
Shiku Kamara. She wrote a really wonderful story that is
now available if you haven't read it, so she could.
We did see President Biden in Angola this week.
Speaker 3 (07:35):
Outgoing President Biden, I think we.
Speaker 2 (07:36):
Should we should mention he did make a number of
announcements about some of the investment that the US is
going to be committing to, at least for Africa and
for Angola in particular. But what kind of investment are
we talking about to potentially see a difference or a
shift in some of the trends of people leaving to
(08:00):
go elsewhere.
Speaker 1 (08:01):
Yeah, I think outgoing President Biden did say some very
interesting things during his visit.
Speaker 4 (08:06):
We know African leaders and citizens are seeking more than
just aid, you seek investment. So the United States is
expanding our relationship all across Africa, from assistance to aid,
investment to trade coming from patrons to partners.
Speaker 1 (08:23):
Aid is always going to be needed, even in the US,
even in developing countries, there's always going to be situations
where there's people who need They don't need loans, they
need grants, they need those benevolent funds that are coming in.
But he did acknowledge that Africa and US and other
partners should come to the table as equal. So even
when investors are coming to the continent, they should come
(08:44):
to the continent not with the mentality of your poor,
I'm here.
Speaker 3 (08:48):
To help you.
Speaker 1 (08:48):
They should come to the table with the idea that
we're business people. The opportunities are here on the continent.
There's the people who have been running businesses, there's the
entrepreneurs who have the networks and everything, and maybe what
they need is the financing. So also acknowledging that it
can be a win win situation and that it should
be a partnership. Another thing I liked, especially about the
(09:10):
little bit Or Corridor project that he was launching in Angola.
We definitely need investments that go into government and infrastructure,
because infrastructure is going to be a huge backbone of
development on the continent. But we also need investments that's
going into the private sector. So when we're talking about infrastructure,
it's true there's a huge need on the continent for
improved road rail networks. Even we're talking about like aviation,
(09:34):
there's a huge potential that could be unlocked if all
these things were working much better. But all the other hand,
we also do need that for the private sector because
the formal sector will never be able to incomparate that
many people. But you have to acknowledge that there's a
lot of businesses that are running, and they're running at
a small scale, but the ideas could be there, the
ideas could be great, and what they need is additional funding.
(09:56):
I used to be the Quite Africa editor and so
we focus a lot on technolog innovation, and one of
the things we noticed was that start up funding, even
to Africa, as much as it's increased over the past decades,
it's still such a miniscule figure. It's still so tiny
how much venture capital and all this funding comes into
(10:16):
technology in Africa versus in other places. But there's so
many opportunities here on the continent and so many startups
that if they just got those the seed frunding they got,
you know, if they got all that all that funding
that goes into startups globally, they could be able to
change the markets and they could be able to also
employ a lot of people.
Speaker 2 (10:34):
Does that get to some of the other things that
you bring up and the piece about what could potentially
make a difference, I mean, what else would potentially push
the needle even more.
Speaker 1 (10:46):
So another thing that could do that that's definitely important
is that the governments need to make sure they're enablers,
they're not making additional constraints for businesses, because there is
a mentality. Even in my own country in Kenya, sometimes
it's so hard for people to get their businesses up,
businesses running, it's so hard for them to access financing.
(11:06):
Then after all that, many times they don't feel that
the government is their friend because you finally get your
business running, then taxes are being added on it. Then
there's other charges that are coming your way that make
you have to stop the business or lay off people.
So I think governments also need to acknowledge that a
lot of these jobs are going to be created by
the private sector and businesses, and they need to make
(11:28):
an environment that forced us their growth so that they
don't hamstring them even just when they're at the stage
where they're trying to start up.
Speaker 2 (11:35):
And you have a young daughter yourself, just talking about family,
have you thought about whether or not, you know, you'd
encourage her to build a career in Nairobi or anywhere
on the continent, or what at all have you thought
about sort of her future.
Speaker 1 (11:53):
Great, So my daughter is four, so I would say
I've not yet thought of her future career processs. What
I would What I want is this Soudan is probably
mentioned in the article which says we wish two things
for our children. One is roots and the other is wings.
So that's what I really hope for her. I wish
for her a world where she has her roots. Her
(12:15):
roots are on the African continent, but she also has
wings that will allow her to fly. But I also
hope that when it comes to the time of when
she's going to high school, university, or making future decisions,
I hope that if she's moving, it's because she wants to,
not because she's supposed to. On the lower level, they
are people who are getting into boats and crossing the Mediterranean,
(12:36):
risking their life just because things are so dire that
they're not working for them that they'd rather take the
chance of drowning than watching them themselves and their families
like just staff today. And that's how dire the situation
is that for most people it's a question of survival,
not just this. I have this option and this other
(12:57):
option is better. But for many people it's really migration
right now seems to be their only opportunity for them
to put food on the table or to even enhance
their lives. And I don't want that to be the
future that Majorty grows happy.
Speaker 2 (13:10):
Shiku Kamara, thank you so much for joining us, and
you can of course read Shiku's piece on Bloomberg. It
is available right now. Here's a few other stories we're
watching in the region. This week, Ghana's inflation jumped to
a six month high at twenty three percent ahead of
the country's December seventh presidential elections. The cost of living
(13:34):
crisis will be a factor in the elections, with voters
angry with the government's handling of the economy expected to
result in opposition candidate John Mohamma being.
Speaker 3 (13:44):
Elected the next leader of the West African nation.
Speaker 2 (13:48):
And South Africa risks missing its twenty twenty four economic
growth forecast after the agricultural sector's deepest slump in at
least three decades led to an unexpected contraction in the
third quarter. The quarterly decline meant gross domestic product expanded
a meager four tenths of a percent in the nine
months through September. Data published by Statistics South Africa on
(14:12):
Tuesday shows that suggests the National Treasury and the South
African Reserve Banks twenty twenty four growth estimates of one
point one.
Speaker 3 (14:20):
Percent will likely prove overly optimistic.
Speaker 2 (14:25):
And you can follow these stories across Bloomberg, including the
Next African Newsletter, where we will have coverage of the
Ghanaian elections. Will put a link to that in the
show notes. This program was produced by Adrian Bradley. Don't
forget to follow and review this show wherever you usually
(14:47):
get your podcasts.
Speaker 3 (14:48):
I'm Jennifer's Abasaja. Thanks for listening.
Bloomberg Audio Studios, podcasts, radio news.
Speaker 2 (00:10):
President Biden became the first sitting US president to visit
Africa since twenty fifteen this week, as he kept his
promise to meet with President Joel Lorenzo in Angola.
Speaker 3 (00:24):
And makes sense. You must work as partners with work entrepreneur.
Speaker 1 (00:29):
That business is here in Africa.
Speaker 4 (00:32):
Although I don't know exactly what the future will hold,
I know the future runs through Angola, through Africa. I
mean it sincerely.
Speaker 2 (00:40):
The President was keen to teut US investment in infrastructure
like the Lobido Corridor to help speed up the export
of critical minerals, but for many Africans it's the export
of their young talent that's actually become the real concern.
On this episode of The Next Africa Podcast, we'll look
at why so many young Africans think their future prospects
(01:03):
lie abroad and what can be done to turn it around.
I'm Jennifer Zabasandra, and this is the Next Africa Podcast,
bringing you one story each week from the continent driving
the future of global growth, but the context only Bloomberg
can provide. Joining me this week from Nairobi is author,
(01:28):
journalist and Bloomberg columnists Shiku Kameria Shiku, great to have
you here.
Speaker 1 (01:33):
How are you doing, Hi, Jennifer, I'm great, nice to
see you.
Speaker 3 (01:37):
Nice to see you too and speak with you.
Speaker 2 (01:39):
This is a very fascinating piece, and I'm sure for
many people who have been covering the region it's something
that's been on the minds for a number of years.
But let's start with some of the concepts you get
into in your piece, and one of them is called jappa.
Talk to us about what that means and why you
focused in on that.
Speaker 1 (02:02):
So Japa is a concept of young Africans who are
so frustrated. Many times they're they're patriotic, they have great hopes,
they're innovative, they're resilient, but then they get to the
point where they feel the continent has failed them. And
japa means to flee, and so now they're fleeing to
and these are young, educated people, so it's really people
that the continent should be tapping into and keeping on
(02:24):
the continent. But they get frustrated and they'll be living
for Canada, UK or any other any other place in
the West that's making it easy for people to move
for work.
Speaker 3 (02:33):
Do we have a sense to go.
Speaker 2 (02:35):
Why they're choosing some of these places that they're going,
especially given some of the challenges that they're facing here
on the continent. Is that factoring into potentially where they're going.
Speaker 3 (02:46):
What did you find?
Speaker 1 (02:47):
Yes, So from what I boops are people will go
where it's easiest for them. So even anecdotally, a lot
of the friends who I have who young professional, they
had good education and them a great career trajectory, they're
leaving for Canada because Canada does have they have a
very immigration friendly program that's going on that it's based
(03:09):
on a point system.
Speaker 3 (03:13):
Welcome, We're so glad you decided to make Canada your
new home.
Speaker 1 (03:17):
It's easy for people to move because there are people
who have had opportunities, so they don't to move in
illegal ways. They want to move in a way where
they know I will be able to get proper documentation
after a while. There's an opportunity for residency, and there's
an opportunity for citizenship. And also, anecdotically, one thing I
can say that makes me notice this trend is really happening.
(03:38):
Quite a few of the people who are even in
my own cycle, of the people who are moving are
people who were educated, even in the West, So it
means they went abroad, whether they went to Canada or
went Trance, whether they were in the US, they went abroad,
studied and came back to the continent with great hopes
of what they could do when they came back. So
they didn't even try to stay at that time. They
(03:59):
didn't tried to get residency or immigration or immigrat at
that stage. And then they've come back and after five years,
ten years, they've just filled their opportunities here and it's
not what they expected, and so out of frustration, they're
taking all their amazing skills and their experience and just
trying to build a better life for themselves and their
families abroad. So I think it's a real loss for
(04:22):
the continent. I believe it's again for the countries that
get them, but it's really a loss also for the
continent well.
Speaker 2 (04:29):
And it comes at a time where you mentioned the
population increase. There's also a lot more of a focus
on development on the continent and really a lot of
the industries that could power the future literally and figuratively.
But when we talk about employment figures and the underemployment figures,
(04:50):
I guess.
Speaker 3 (04:50):
I mean, how bad is it? What are we looking at?
Speaker 2 (04:53):
Especially when we factor and a lot of the people
who are living and finding opportunities elsewhere.
Speaker 1 (04:59):
It varies to country, but I would say youth and
employment rates are generally quite high across the continent, and
we're starting to lose people who have we definitely need,
Like we're losing huge numbers of nass We're losing huge
numbers of doctors, teachers, so highly engineers, so highly skilled
people who the continent really needs right now at this time.
(05:22):
An example I gave in the article was engineers. So
there's also a huge wave of migration among older engineers.
So right now, when the continent needs infrastructure, when it
needs people with all these expertise, you're having engineers who
are in their fifties, sixties who have all this experience,
and they're choosing to move elsewhere.
Speaker 3 (05:40):
That's surprising.
Speaker 2 (05:41):
I mean, I wonder after you wrote this story, I
wonder what kind of did you get any feedback or
how are people responding to it?
Speaker 1 (05:50):
Yeah, A lot of the feedback I got was, first,
the one thing, no one is blaming anyone for leaving
because there is an acknowledgement that patrioti is love of
your country. All those can only take you so far.
At some point, you want to make sure you know
your children will have great education opportunities. You want to
have access to health care. If you have aging parents,
(06:11):
you want to know that they'll be you know you'll
be able to provide for them deep into their old age.
So there is an acknowledgment that the people who are leaving.
No no one is saying, oh, this is so terrible
of them to leave, but we are knowledging that it's
terrible that the continent is losing these people. I did
get a few responses from people who have left or japaned.
I guess they told me, oh, this is my exact story,
(06:32):
and it's the truth. I wanted things to work out.
I tried everything when I was in Kenya, Senega, Nigeria, Ghana.
I tried everything to make things work and eventually I
just realized that it can't work for me there and
I'm leaving. So there's also that feeling and for the
people who are leaving, it's a bittersweet.
Speaker 3 (06:52):
Yeah, I think that's that's fair.
Speaker 2 (06:54):
Anywhere you go on the continent and talk to people,
there still is that patriotism, she could stay.
Speaker 3 (06:59):
With us US.
Speaker 2 (07:00):
When we come back, we'll talk about what kind of
investment could help people to stay on the continent and
dig more into your reporting.
Speaker 3 (07:08):
We'll be right back.
Speaker 2 (07:16):
Welcome back today on the podcast we are looking at
Africa's youth brain Drain and joining us is Bloomberg columnists
Shiku Kamara. She wrote a really wonderful story that is
now available if you haven't read it, so she could.
We did see President Biden in Angola this week.
Speaker 3 (07:35):
Outgoing President Biden, I think we.
Speaker 2 (07:36):
Should we should mention he did make a number of
announcements about some of the investment that the US is
going to be committing to, at least for Africa and
for Angola in particular. But what kind of investment are
we talking about to potentially see a difference or a
shift in some of the trends of people leaving to
(08:00):
go elsewhere.
Speaker 1 (08:01):
Yeah, I think outgoing President Biden did say some very
interesting things during his visit.
Speaker 4 (08:06):
We know African leaders and citizens are seeking more than
just aid, you seek investment. So the United States is
expanding our relationship all across Africa, from assistance to aid,
investment to trade coming from patrons to partners.
Speaker 1 (08:23):
Aid is always going to be needed, even in the US,
even in developing countries, there's always going to be situations
where there's people who need They don't need loans, they
need grants, they need those benevolent funds that are coming in.
But he did acknowledge that Africa and US and other
partners should come to the table as equal. So even
when investors are coming to the continent, they should come
(08:44):
to the continent not with the mentality of your poor,
I'm here.
Speaker 3 (08:48):
To help you.
Speaker 1 (08:48):
They should come to the table with the idea that
we're business people. The opportunities are here on the continent.
There's the people who have been running businesses, there's the
entrepreneurs who have the networks and everything, and maybe what
they need is the financing. So also acknowledging that it
can be a win win situation and that it should
be a partnership. Another thing I liked, especially about the
(09:10):
little bit Or Corridor project that he was launching in Angola.
We definitely need investments that go into government and infrastructure,
because infrastructure is going to be a huge backbone of
development on the continent. But we also need investments that's
going into the private sector. So when we're talking about infrastructure,
it's true there's a huge need on the continent for
improved road rail networks. Even we're talking about like aviation,
(09:34):
there's a huge potential that could be unlocked if all
these things were working much better. But all the other hand,
we also do need that for the private sector because
the formal sector will never be able to incomparate that
many people. But you have to acknowledge that there's a
lot of businesses that are running, and they're running at
a small scale, but the ideas could be there, the
ideas could be great, and what they need is additional funding.
(09:56):
I used to be the Quite Africa editor and so
we focus a lot on technolog innovation, and one of
the things we noticed was that start up funding, even
to Africa, as much as it's increased over the past decades,
it's still such a miniscule figure. It's still so tiny
how much venture capital and all this funding comes into
(10:16):
technology in Africa versus in other places. But there's so
many opportunities here on the continent and so many startups
that if they just got those the seed frunding they got,
you know, if they got all that all that funding
that goes into startups globally, they could be able to
change the markets and they could be able to also
employ a lot of people.
Speaker 2 (10:34):
Does that get to some of the other things that
you bring up and the piece about what could potentially
make a difference, I mean, what else would potentially push
the needle even more.
Speaker 1 (10:46):
So another thing that could do that that's definitely important
is that the governments need to make sure they're enablers,
they're not making additional constraints for businesses, because there is
a mentality. Even in my own country in Kenya, sometimes
it's so hard for people to get their businesses up,
businesses running, it's so hard for them to access financing.
(11:06):
Then after all that, many times they don't feel that
the government is their friend because you finally get your
business running, then taxes are being added on it. Then
there's other charges that are coming your way that make
you have to stop the business or lay off people.
So I think governments also need to acknowledge that a
lot of these jobs are going to be created by
the private sector and businesses, and they need to make
(11:28):
an environment that forced us their growth so that they
don't hamstring them even just when they're at the stage
where they're trying to start up.
Speaker 2 (11:35):
And you have a young daughter yourself, just talking about family,
have you thought about whether or not, you know, you'd
encourage her to build a career in Nairobi or anywhere
on the continent, or what at all have you thought
about sort of her future.
Speaker 1 (11:53):
Great, So my daughter is four, so I would say
I've not yet thought of her future career processs. What
I would What I want is this Soudan is probably
mentioned in the article which says we wish two things
for our children. One is roots and the other is wings.
So that's what I really hope for her. I wish
for her a world where she has her roots. Her
(12:15):
roots are on the African continent, but she also has
wings that will allow her to fly. But I also
hope that when it comes to the time of when
she's going to high school, university, or making future decisions,
I hope that if she's moving, it's because she wants to,
not because she's supposed to. On the lower level, they
are people who are getting into boats and crossing the Mediterranean,
(12:36):
risking their life just because things are so dire that
they're not working for them that they'd rather take the
chance of drowning than watching them themselves and their families
like just staff today. And that's how dire the situation
is that for most people it's a question of survival,
not just this. I have this option and this other
(12:57):
option is better. But for many people it's really migration
right now seems to be their only opportunity for them
to put food on the table or to even enhance
their lives. And I don't want that to be the
future that Majorty grows happy.
Speaker 2 (13:10):
Shiku Kamara, thank you so much for joining us, and
you can of course read Shiku's piece on Bloomberg. It
is available right now. Here's a few other stories we're
watching in the region. This week, Ghana's inflation jumped to
a six month high at twenty three percent ahead of
the country's December seventh presidential elections. The cost of living
(13:34):
crisis will be a factor in the elections, with voters
angry with the government's handling of the economy expected to
result in opposition candidate John Mohamma being.
Speaker 3 (13:44):
Elected the next leader of the West African nation.
Speaker 2 (13:48):
And South Africa risks missing its twenty twenty four economic
growth forecast after the agricultural sector's deepest slump in at
least three decades led to an unexpected contraction in the
third quarter. The quarterly decline meant gross domestic product expanded
a meager four tenths of a percent in the nine
months through September. Data published by Statistics South Africa on
(14:12):
Tuesday shows that suggests the National Treasury and the South
African Reserve Banks twenty twenty four growth estimates of one
point one.
Speaker 3 (14:20):
Percent will likely prove overly optimistic.
Speaker 2 (14:25):
And you can follow these stories across Bloomberg, including the
Next African Newsletter, where we will have coverage of the
Ghanaian elections. Will put a link to that in the
show notes. This program was produced by Adrian Bradley. Don't
forget to follow and review this show wherever you usually
(14:47):
get your podcasts.
Speaker 3 (14:48):
I'm Jennifer's Abasaja. Thanks for listening.
Host
Jennifer Zabasajja
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