When inquired about social benefits, almost every investment firm will mention that “we create jobs” and will be certainly correct. However, we think that the social benefits of our work reach well beyond just creation of employment opportunities.
Beyond solely creating employment opportunities for the local population, we look at our business ventures has having social benefits in providing new skills and vocational know-how to locals. Most of our projects, including even our agribusiness ventures, involve positions that require a level of technological acumen. We are keen to train our workforce in these skills both for successful operation of our businesses as well as for the good of their own careers.
As many of our enterprises expand beyond their original project sizes, we will be creating opportunities for advancement and career growth for our employees, coupled with incentive-based compensation and profit-sharing schemes. We view the development of our staff as a key priority both for ensuring the success of our businesses, which need skilled and motivated operators, as well as a human capital investment into the local population which we are glad to make.
Likewise, many of our business ventures include management positions that demand higher and advanced education degrees. By opening these opportunities, we are encouraging local talent to stay and prosper in their home countries and communities rather than migrating abroad to fully utilize their education and seek economic welfare. There is already a trend of more and more African professionals (including ones with Engineering degrees and MBAs) to return “home” even after obtaining their education abroad. We are glad to contribute to this tendency.