It is often said that the greatest wealth and the strength of any nation lies in its youth. This means that the youth not only shape the trajectory of a nation’s economy, they are also central to achievement of the United Nations’ SDGs. - Kasimu @SafaricomPLC HR
Data from the World Bank indicates that Kenya has the highest rate of youth unemployment in East Africa – with 17% of all young people eligible for work lacking jobs.
If we are to secure the future of the country, there is an urgent need to address the risk that the current acute unemployment situation presents.
Compounding the challenge of unemployment (and underemployment) is the paradox of inability to find suitable talent to fill critical roles due to lack of relevant skills among the population.
Majority of our young people lack stable income-generating opportunities, with skills mismatch being recognized as a major contributor to the problem.
Often, the youth are offered unequal job opportunities since they are often mischaracterized as inexperienced, unprofessional or unable to build towards a company’s vision.
At @SafaricomPLC however, we remain true to our purpose, Transforming Lives, and as such we are ‘Going Beyond’ being a Telco and transforming into a Purpose-led Technology Company.
One of the goals is SDG 8 – Decent Work and Economic Growth; through which we strive stimulate growth and generate value for our company, society and economy.
Our motivation for doing this came out of the realization that the job market has changed, and we as employers, as well as our young people, need to adapt. We also realized that the caliber of recruits we were attracting has changed.
The youth of today are exposed to technology in a way that the employees we recruited a mere ten years ago were not. They can learn different skill sets on YouTube and other online platforms, and they bring a lot more to the table than just the paper qualifications they possess.
Our main goal is to help them harness these skills to earn a living in a sustainable way.
Through the @SafaricomPLC Discover Program and the Safaricom Internship Program, we continue to give fresh graduates an opportunity to make an impact in a corporate setting while paving their path to stable employment.
Since 2019, over 350 youth have benefitted from these programs, and this year, over 50 more youth pursuing STEM related courses are set to benefit.
Additionally, in @SafaricomPLC call centre at Eldoret, we also adopted a liquid workforce model in a bid to prepare students for corporate careers by furnishing them with skills and experiences to make them ready for the job market after college.
We have hired over 200 liquid workforce employees through the program so far.
We have gone further in our pursuit to enhance diversity. Our Women in Technology program has driven more women into STEM programs and courses through different engagements with young girls in high school, and internships for those pursuing technology-related courses.
As we seek to tackle the youth unemployment and inequality agenda, today we face a ‘Global Skills Crisis’ that will only continue to worsen the already bad employment situation.
There is a significant degree of misalignment between the supply and demand for skills, particularly in the short run, and in the context of dynamic digital transformation at the workplace and in business generally.
It is particularly worrying for the youth because if not addressed, the skills mismatch will bring about a high risk of unemployment, lower wages, lower job satisfaction and poorer career prospects.
To this end, Safaricom has committed to empowering the youth with skills of the future. Through our flagship youth platform, @BLAZEKenya by @SafaricomPLC, we continue to engage young people and provide them with entrepreneurial skills and life coaching.
In the past, we did this through the #BLAZEBYOB summits that have been conducted countrywide since 2016.
Due to the COVID-19 pandemic, we adopted a digital approach that has seen us conduct a digital career fair and digital summits on BLAZE Kenya’s social media pages, tackling themes such as the future of work, personal branding and mental health.
Our aim is to help the youth ‘Go Beyond’ by enabling them to reimagine what education and skills they need for gainful employment or to pursue their passions.
The rapidly changing nature of work, the workplace and the workforce is casting a long shadow over the futures of our young people all around the world and it is our hope that these skills and career nuggets will go a long way in impacting their lives for the better.
How @SafaricomPLC is elevating the youth with skills for the future through programs like @BLAZEKenya summits, Safaricom Discover and Internship progs etc bit.ly/2Mdh7AH by Paul Kasimu Safaricom HR Officer
Executives of telecoms company @AIRTEL_KE have launched a fight against contempt of court charges which put them at risk of fines or jail terms after the mobile operator was sucked into a dispute between the State and betting firm, @SportPesa - @BD_Africa
The mobile operator is seeking protection against a contempt suit filed by the betting firm which has accused it of failing to unblock gaming pay bill accounts and short codes used by its partner Milestones Games Limited despite a court order to do so.
The dispute kicked off last year after the State-run Betting Control and Licensing Board stopped Milestone from operating under the popular @SportPesa gaming brand, saying the trade name had been appropriated from its rightful owner Pevans East Africa Limited.
The retailer, which is now on its deathbed after suffering uncontrolled financial hemorrhage, had eyes and ears everywhere. It used the intelligence gathered to grow into East Africa’s biggest supermarket chain.
When it was second only to Nakumatt in size and revenue, @TuskysOfficial hired spies to gather intelligence on its rival, and was willing to splash the cash to become the bigger of the two elephants.
MPs committed to enact a law that will compel @CBKKenya to regulate monthly interest rates charged by digital mobile lenders and borrowers’ non-performing loans in honour of fallen Bonchari MP Oroo Oyioka. - @BD_Africa
MPs eulogised Mr Oyioka and the late Garissa Senator Yusuf Haji as devoted legislators who passionately articulated issues of concern without fear. Both Mr Oyioka and Senator Haji died on Monday. Mr Haji chaired the #BBINonsense prior to his death.
Mr Oyioka had sponsored the Central Bank of Kenya (Amendment) Bill, 2020 that is before Parliament for debate.
Kenya will take new loans to repay the Eurobond when they fall due as part of its debt management strategy to reduce pressure on principal repayments. - @NationAfrica
.@KeTreasury has a solid plan to deal with Eurobond loans, which started maturing last year, all the way to 2024.
This means that Kenya will be back in the international markets soon, seeking new loans to repay the old ones, in what will see the loan refinanced in perpetuity, with the taxpayer only paying the interest.
Conservationists have raised the alarm over the electrocution of giraffes and raptors at the Soysambu Conservancy in Nakuru County. - @NationAfrica
In two years, at least 11 giraffes and dozens of birds of prey have been electrocuted at the conservancy by sagging @KenyaPower cables.
Ms Kerry Outram, conservationist within the conservancy, on Sunday said giraffes and birds have been dying from electrocution since 2019 when the power lines were installed.
Flora Mutahi is not your everyday captain of industry. She is the Chief Executive Officer and founder of @melvinsteas, one of the first companies in the region to venture into the flavoured tea industry. - @MaudhuiHouse
The accountant by training says that growing up, everyone thought she should pursue the highly regarded professions such as a doctor or a nurse.
In the ’90s, she says, venturing into business was seen as a path for people who were simply incapable of pursuing other lucrative careers. Mutahi’s interest in business would later see her pursue an executive MBA from the University of Cape Town, South Africa.