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Companies can turn to outsourcing to connect with new pools of talent while reducing overhead costs. By delegating specific tasks to outside experts, businesses can focus their efforts on developing and perfecting their core offerings while saving money for the company.
Traditionally, the go-to outsourcing destinations have been Asia, Latin America, and the Middle East. Now, the growing economy and aging population in these regions is making labor in these regions more expensive and, therefore, less attractive to companies looking for remote, cost-effective staff. Africa, with its large population of educated unemployed and underemployed individuals, is emerging as the next top destination for offshore staff sourcing.
Rwanda is one of the fastest-growing economies in the world. Between 2009 and 2019, the country’s real GDP grew an average of 7% every year, with the World Bank projecting an average of 7.5-8% annual growth in the medium term.
The quickly evolving digital economy has made internet connectivity a necessity in today’s world. A fast and reliable internet connection not only creates new job opportunities; it also helps existing businesses perform better and expand their operational capacity.
Did you know that over 525 million people used the internet in Africa in 2019? If current growth trends continue, almost 75% of Africans are expected to come online by 2030.
Africans have been living steadily longer lives over the past 20 years. Despite this progress, however, the average life expectancy at birth in Sub-Saharan Africa is only around 61 years – by far the lowest in the world, and over 10 years lower than the world average of 72.6.
Did you know that the world’s population is expected to reach almost 10 billion people by 2050? Much of this population growth will be in Sub-Saharan Africa (SSA), where population growth is the fastest in the world – over double the rate of growth of South Asia, the world’s next fastest growing region.
Did you know that Botswana’s literacy rate stands at 88.5%? The high literacy rates in Botswana have largely contributed to an empowered workforce, which translates to good business and opportunities for foreign investment.