The youth are Africa’s greatest asset. Africa’s youth population is rapidly growing and expected to double to over 830 million by 2050 (AfDB, 2016). If properly harnessed, this increase could support increased productivity and stronger, more inclusive economic growth. Unfortunately, majority of the youth do not have access to stable economic opportunities. Of Africa’s nearly 420 million youth aged 15-35, one-third are unemployed and discouraged, another third are vulnerably employed, and only one in six is are in wage employment (AfDB, 2016). While 10 to 12 million youth enter the workforce each year, only 3.1 million jobs are created, leaving vast numbers of youth unemployed (Ibid).
The youth are Africa’s greatest asset. Africa’s youth population is rapidly growing and expected to double to over 830 million by 2050 (AfDB, 2016). If properly harnessed, this increase could support increased productivity and stronger, more inclusive economic growth. Unfortunately, majority of the youth do not have stable economic opportunities. Of Africa’s nearly 420 million youth aged 15-35, one-third are unemployed and discouraged, another third are vulnerably employed, and only one in six is in wage employment (AfDB, 2016). While 10 to 12 million youth enter the workforce each year, only 3.1 million jobs are created, leaving vast numbers of youth unemployed (Ibid).