DevelopmentIndustry

CEO Roundtable, Victoria Falls: Vice Chancellor Professor Munashe Furusa addresses captains of industry and key decision makers on human capital retention and development

 

15 February 2019
Story by
Jeanette Dadzie

The 6th edition of the CEO Africa Business Roundtable in Victoria Falls from the 13th - 15th February 2019 at the Elephant Hills Resort, Zimbabwe sees business leaders from Zimbabwe and high level dignitaries from the Government of Zimbabwe converge to discuss critical topical areas that have an impact on the developmental trajectory of the continent.


Themes under discussion included health, wealth generation, resource beneficiation and youth empowerment. Africa University Vice Chancellor Professor Munashe Furusa delivered a presentation and was part of a panel discussion that addressed the theme, “Education and Human Capital – Attracting, Developing and Retaining our most valuable asset”, where the panel sought to unpack the complexities around the brain drain phenomenon currently affecting the economic development of many Africa countries and mechanisms that can be put in place to ensure that young Africans remain on the continent to reinvest their talents.


Joining Prof. Furusa on the panel were Honourable Professor Amon Murwira, the Minister of Higher and Tertiary Education, Science and Technology Development and Professor Victor Muzvidziwa, Vice Chancellor of the Midlands State University.


Africa University is already making headway in this area with over 90% of its graduates choosing to remain in Africa upon the completion of their studies and returning to the continent after post graduate studies abroad. The university’s strong focus on Pan- African education and the reframing of Africa as a place of unlimited opportunity is yielding fruits.


Professor Furusa’s presentation sought to share experiences and an overall outlook on how to best retain for Africa a skilled and empowered workforce as well as creating a vibrant ecosystem of entrepreneurs and innovators. According to the African Capacity Building Foundation, more than 20,000 people leave Africa for the developed world every year. This in turn causes these countries to experience a fall in their economic growth and even though some nations still receive aid from developed countries, without the skilled personnel to appropriately use the aid for development, it is usually of little help towards bolstering these economies.

 
Prof. Furusa placed emphasis on the need to understand the power of Science and Technology to drive competitiveness as well as collective effort and creative partnerships such as those between universities, government and industry. AU has made great strides in solidifying such partnerships and being responsive to the needs of industry and government by establishing the Africa University Business Academy that offers online professional short courses that are targeted at professionals and executives looking to upgrade their skills and tap into new and unexplored concepts and strategies that could change the business landscape of Africa.


The CEO Africa Roundtable is an annual high level platform for Corporate Chief Executive Officers and Senior Executives in both the public and private sector, created to advance economic development across Africa.