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African Development Bank (Abidjan)

Not About Their Degrees: Turning Africa's Youth Bulge into Wealth

Available data shows that although between 10 and 12 million young Africans enter the workforce each year, only three million formal jobs are created annually. "We need a sense of urgency in tackling the issue of unemployment. I cannot emphasize it enough," said Akinwumi Adesina, President, African Development Bank, during a high level panel on Jobs for African Youth at the Annual Meetings of the African Development Bank #AfDBAM2016 on Tuesday, May 24, 2016, in Lusaka, Zambia. "It's not going to be about degrees - those are labels - it's going to be skills," said the AfDB president, pointing out that the Bank has already taken bold steps to turn Africa's phenomenal youth bulge into an economic dividend. More about AfDB in this BRIEFING

 

Photo: AfDB

Available data shows that although between 10 and 12 million young Africans enter the workforce each year, only three million formal jobs are created annually. Besides, the youth often lack the skills required by employers, despite gains in education access over the past several decades. "We need a sense of urgency in tackling the issue of unemployment. I cannot emphasize it enough," said Akinwumi Adesina, President, African Development Bank, during a high level panel on Jobs for African Youth at the ongoing Annual Meetings of the African Development Bank on Tuesday, May 24, 2016, in Lusaka, Zambia.

After the 2016 AfDB annual meeting #AfDBAM2016 panel which discussed the topic of "Jobs for African Youth – From Demographic Dividend to Economic Dividend", the panelists joined the moderator Ms. Uduak Amimo (Royal Media Services) for an impromptu "selfie." Panelists are (from the Left) Dr. Carlos Lopes, Executive Secretary, UNECA; Dr. Akinwumi Adesina, President, AfDB, Chair of the Panel; Mr. Tony Elumelu, Chairman of Heirs Holdings; Mr. Mo Ibrahim, Chairperson, Mo Ibrahim Foundation and Hon. Thomas Silberhorn, Parliamentary State Secretary, Federal Ministry for Economic Cooperation and Development (BMZ), Federal Republic of Germany.

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