Browsing: President Akinwumi Adesina

Provide skills to meet 21st century labor market needs

Provide young people with new skills that will meet the needs of a 21st-century labour market, African Development Bank report urges.

African Development Bank President Akinwumi Adesina said the youth must be prepared for the jobs of the future not the jobs of the past.

“Given the fast pace of change, driven by the 4th industrial revolution – from artificial intelligence to robotics, machine learning, quantum computing – Africa must invest more in re-directing and re-skilling its labour force, and especially the youth, to effectively participate,” the Bank president said.

Also Read: Ride the wave of the African Continental Free Trade Area, urges Adesina

According to the African Economic Outlook report, two-thirds of Africa’s youth are either overeducated or undereducated.

Youth unemployment is rising annually with 12 million graduates entering the labour market each year and only 3 million of them getting jobs therefore, youth unemployment must be given top …

Ride the wave of the African Continental Free Trade Area, urges Adesina

Ride the wave of the African Continental Free Trade Area, African Development Bank (ADB) president Adesina Urged United Kingdom investors.

Speaking at the UK Parliamentary Symposium, Mr Adesina said Africa is on the cusp of unmatched economic transformation and the United Kingdom must engage in a partnership of change.

“The Africa of the 21st century is very different. The Africa of the 21st century is new and more confident,” he said
The All-Party Parliamentary Group for Africa with the Royal African Society, Oxford Brookes University, and the Trade Justice Network organized the symposium under the theme UK-Africa Trade and Brexit.

Adesina said that Africa and the United Kingdom should be significant trading partners. “The reality, however, is that UK’s trade with Africa is trending downwards. From a $49 billion peak in 2012, trade decreased to $30.6 billion in 2018,” he noted.

Also Read: AfDB president woos UK investors to take