In early 2024, Kenya struck a headline-grabbing deal with Germany to create 250,000 job opportunities for skilled and semi-skilled Kenyans. With youth unemployment at a staggering 84% and millions of jobless young people, this initiative was hailed as a potential game-changer. But is it really a win for Kenya, or just a shortcut to solving deeper economic issues?
Critics call it a "government-sponsored brain drain," arguing that relying on "circular migration" policies signals a lack of real investment in job creation back home. Others point out that remittances from abroad already outshine Kenya's top exports, making these deals attractive but possibly unsustainable in the long run.
Join us as we explore the highs, lows, and the global ripple effects of this controversial plan. Is this Africa's future or just a temporary fix for a growing problem? Share your thoughts in the comments! 🌍✈️
Find the chapters to the video here:
00:00. What's the controversy behind Kenya's job deal with Germany?
03:36. Was Latin America's 1980s economic crisis the origin of modern Africa's economic woes?
11:50. Why the IMF's Structural Adjustment Programs were a nightmare for Africa's development
22:44. What the World Bank says about its work in Africa
24:57. What does the data say about the truth of Kenya's development since independence?
36:59. Why is low industrial job growth such a big problem for Africa's development?
42:10. Th economic ideologies behind Africa's failure to develop sustainably
47:48. How America's slavery mirrors the dictatorship of toxic ideologies that keep Africa poor
56:55. Why an impactful version of capitalism is Africa's ticket to economic success
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