Mobility: A Catalyst For Economic Empowerment In Africa [Forbes]
Uber Technologies, Inc. (UBER)
Last uber technologies, inc. earnings: 2/6 04:05 pm
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Source: Forbes
With 438.6 million Africans living in extreme poverty, it's clear that traditional job markets aren't creating enough opportunities for the people. The real question is: How do we break this cycle? The answer might be simpler than we think—access to industries that generate consistent income. And one of the most promising? Mobility. I believe Africa's economic future depends on sustainable solutions that drive financial independence and job creation. While mobility and transportation are often overlooked, they have the power to do just that. Mobility As An Economic Enabler Did you know that vehicle ownership and economic growth go hand in hand? Let's look at it together, shall we? According to the World Bank, the global average car ownership rate is 190 passenger cars per 1,000 people . But Africa countries like Algeria, Morocco, Egypt and Nigeria have lower rates, with Nigeria at 56 vehicles per 1,000 people. Now, think beyond personal transportation. Vehicles power entire
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