Fostering Jobs, Entrepreneurship, and Capacity Development for African Youth: The Time for Disruption Is Now!

ABIDJAN, Dec 04 (IPS) – Dr. Hanan Morsy is Director, Macroeconomic Forecasting and Research at the African Development Bank Group “There is no greater asset to Africa than its youth,” a statement that has been repeatedly proclaimed, but the continent still has a long way to go. Despite robust economic growth over the past two decades, a 1 percent increase in growth between 2000–14 was associated with only 0.41 percent growth in employment. This figure suggests that employment stood at less than 1.8 percent a year, far below the nearly 3 percent annual growth in the labor force. If this trend continues, 100 million people will join the multitudes of the unemployed in Africa by 2030.

Read the full story, “Fostering Jobs, Entrepreneurship, and Capacity Development for African Youth: The Time for Disruption Is Now!”, on globalissues.org

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