Browsing: Unemployment in Africa.

• Unemployment is a significant problem in Africa, with many countries experiencing high rates of joblessness.
• The unemployment rate in Africa was 7.1 per cent in 2020, which is significantly higher than the global average. Youth unemployment in Africa is even more severe, with the youth unemployment rate at 12.9 per cent.
• Harnessing 4IR presents opportunities to address unemployment in Africa

The Fourth Industrial Revolution (4IR) has the potential to propel Africa’s economy and address one of its major challenges – unemployment. 4IR technologies, such as artificial intelligence, blockchain, and the Internet of Things, are creating new job opportunities and improving productivity in many sectors. However, harnessing 4IR to address unemployment in Africa requires overcoming some challenges.

What is the 4th Industrial Revolution?

4IR stands for the “Fourth Industrial Revolution.” It refers to the current trend of automation and data exchange in manufacturing and other industries, driven by the development of …

In 2021, it is estimated that 39 million Africans could fall into extreme poverty while in 2020 about 30 million Africans were pushed into extreme poverty as a result of the pandemic, African Development Bank said in its report.

In its African Economic Outlook 2021 report, African Development Bank said that the most affected people are those with lower levels of education, working in informal jobs and those with fewer assets.

According to the report, in order to lift the newly extreme poor to the $1.90 per day poverty line, the monetary cost is estimated at $4.5 billion in 2021 which is about $90.7 million on average per country.

The report noted that women and households headed by females could represent a large proportion of the newly poor. It also said that inequality will increase to the vulnerable groups such as women, youths and low skilled informal workers as they …

South Africa achieved independence in 1994, but years later, there has been little improvement in the general populace’s poverty levels. While the country remains one of Africa’s strongest economies, statistics indicate that close to 50% of the population lives in poverty. (Based on south African government poverty measure where the upper bound poverty line is approximately $70 per month.)

The covid-19 pandemics have exacerbated the issues of poverty in the country. South Africa has one of the highest infection rates in Africa and more recently has been dealing with a mutated version of the virus that has since been christened the South African variant. Lockdowns and covid 19 restrictions have pushed many out of employment, and businesses have been forced to shut down. Estimates indicate that close to 1million people may fall below the poverty line.

According to a World Bank Report, the inequality of apartheid lives on. The …