Browsing: Afroca’s economy

A survey conducted in 34 African countries between 2016 and 2018 shows that people are chiefly concerned about the future of work, be it job availability, quality, or growth. The gig economy is essential for the people of Africa because of its ability to provide a source of income to the inexperienced and unemployed majority. Formal jobs are only available to a few, while most people work in the informal sector as subsistence farmers, vendors, small-scale traders and numerous other roles. 

Africa has a growing youth population that will need to be absorbed into the productive sector. An estimated 122 million new entrants are expected to join the labour market in the next two years, and it is impossible for an equal number of formal jobs to be created for these people.