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Editorial Note: Opinions and thoughts are the author’s own and not those of AFROTECH™. Corporate companies have gutted and targeted diversity, equity, and inclusion (DEI) programs throughout 2024. As we head into 2025, efforts to reverse these changes will only increase. DEI programs have been the center of several political battles since Republicans wrongfully came to attack critical race theory. Just as conservatives have a woeful misunderstanding of critical race theory and where it applies, DEI has become a buzzword associated with the aforementioned cultural wars. What Is DEI? DEI initiatives are implemented in schools, businesses, and government agencies to address inequities within historically marginalized groups. According to Erica Foldy, a professor at NYU’s Wagner Graduate School of Public Service, initiatives could include training, organizational policies and practices, and organizational culture. DEI isn’t just a rule or legislation created for organizations to pat...
Africa’s future is looking brighter than ever and pretty soon a trillion-dollar valuation could be on the horizon for its economy. For Africa — the world’s youngest and fastest-urbanizing continent — it has the potential to grow even larger than it is today as a report from McKinsey & Company estimates that the continent’s business opportunities could be worth $5.6 trillion by the year 2025. According to the 2016 report, Africa’s consumers and businesses already bring in $4 trillion annually, and is steady growing rapidly. These predicted opportunities could increase across several different industries including agriculture, infrastructure, and the continent’s abundant natural resources. Though these factors remain true, a 2019 Goldman Sachs economic research report shares that these economic drivers of “secular acceleration” have only accounted for roughly 30% of Africa’s GDP growth since 2000, stating that they appear to be “deep and structural,” the World Economic Forum reports....