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Browsing: Youth Unemployment in Africa
- This year, ILO report notes that an additional two million workers are expected to be seeking jobs in Africa and across the globe.
- Last year, the global unemployment rate stood at 5.1 percent, reflecting a modest improvement from 2022 when it was at 5.3 percent, accounting for roughly 191 million people.
- Additionally, the global jobs gap and labour market participation rates showed improvement in 2023. However, a new report highlights that beneath these numbers, fragility is starting to emerge.
An additional two million people are projected to be seeking work this year, potentially raising the average unemployment rate in Africa and across the world by about two per cent to 5.2 per cent from last year’s 5.1 per cent.
In its World Employment and Social Outlook Trends: 2024 report, the International Labour Organization (ILO) notes that this trend will accelerate growing social inequalities, a key pain point for policymakers across …
- The AfDB and Prince Trust International have signed a deal to address youth unemployment while scaling up human capital and entrepreneurship.
- The MOU commits both institutions to collaborate to identify and develop partnership opportunities to mainstream employability skills for technical and vocational education and training (TVET) projects funded by the Bank.
- The Prince’s Trust will participate in preparing, designing, implementing and monitoring TVET and skills development projects.
Youth unemployment, human capital, and entrepreneurship opportunities in the continent are set to be addressed through an agreement signed by the African Development Bank (AfDB) and Prince’s Trust International.
The MOU commits both institutions to work together to identify and develop partnership opportunities to mainstream employability skills for technical and vocational education and training (TVET) projects funded by the Bank in countries of common interest.
Skills development to tackle youth unemployment
The Prince’s Trust will participate in preparing, designing, implementing and …
The fourteenth edition of the 2019 African Economic Conference (AEC) has commenced in Sharm El Sheikh—Egypt, raising serious ideas towards sending a crucial call to African policymakers to gain a rather strong hold in addressing unemployment among youth in Africa.
According to a statement from African Development Bank (AfDB), African governments are expected to eradicate setbacks and high startup costs that African youth face, in order to create decent well-paying jobs.
The AEC is jointly organized every year by the African Development Bank, the Economic Commission for Africa and the United Nations Development Programme (UNDP) to discuss pertinent issues affecting the continent.
This year’s event is running on the theme: “Jobs, entrepreneurship, and capacity development for African youth”.
Egypt’s Minister of Investment and International Cooperation, Sahar Nasr, gave out a rather vital aspect on the matter during his opening plenary, highlighting that, the conference provided a critical platform to …