Article

African Development Bank to create 25 million jobs for African Youths

One outcome of the just ended EU-AU summit in Abidjan is the creation of an advisory group for jobs in Africa. It was inaugurated on the sidelines of the 6th EU-Africa Business Forum in Abidjan on Monday, November 27, and will work with the Bank to create jobs for Africa’s youth.

President of the African Development Bank Group (AfDB), Akinwumi Adesina, has launched the Presidential Youth Advisory Group (PYAG) to provide insights and innovative solutions for job creation for Africa’s youth, as outlined in the Bank’s Jobs for Youth in Africa Strategy (JfYA).

The Jobs for Youth in Africa initiative aims at creating 25 million jobs and impacting 50 million youth over the next ten years by equipping them with the right skills to get decent and meaningful jobs. It is currently the largest effort going on for youth employment in Africa today.

 

African Migrants in a Detention Camp in Libya

Adesina, who identified Africa’s greatest asset as its youth, observed that out of the 13 million youths that enter the labour market each year, only 3 million (about 33% of African youth) are in wage employment, while the rest are underemployed or in vulnerable employment. The annual gap of more than 8 million jobs is going to worsen, with the number of youth expected to double to more than 800 million in the next decades.

“Africa has an unemployment crisis among its youth,” he stressed, noting that unless employment opportunities are created for them, Africa’s rapidly growing population of youths can give rise to serious social, economic, political and security challenges.

Africa’s youths, though strong and dynamic, cross the desert or the Mediterranean sea because they do not find decent jobs in Africa. Graduates are wandering in the streets, jobless. The low level of employment opportunities is also fueling violence and extremism in Africa. “40% of African youths engaged in armed violence join gangs or terrorist groups because of limited opportunities in their countries,” Adesina said.

“66 million African youths earn less than $2 a day, less than the price of a hamburger,” the AfDB President emphasized. “66 million is 8 times the size of Switzerland, 6 times the size of Belgium, the same size as UK, France or Italy, and 80% of Germany’s population,” he added.

The summit’s focus was supposed to be on African youth, but it turned out to a conference about migration. The aim is to get more migrants from Libya repatriated to their home countries, as quickly as possible. The evacuations will be carried out by the IOM and funded by the EU, a practice that has been in place for years.

589 views

Leave a reply

Your email address will not be published. Required fields are marked *