News

AfDB launches Presidential youth advisory group to help African youth get decent jobs

AfDB launches Presidential youth advisory group to help African youth get decent jobs
  • Comments   -   Thursday, 30 November 2017 - 16:10

(Ecofin Agency) - The African Development Bank (AfDB) just launched the Presidential youth advisory group (PYAG) which is tasked with providing innovative ideas for the creation of more than 25 million decent and sustainable jobs in Africa, over the next ten years. This was made public at the 6th edition of the EU – Africa business forum, in Abidjan, by the institution’s president, Akinwumi Adesina.

“This is a huge opportunity for Africa. If we fix the youth unemployment challenge, Africa will gain 10-20% annual growth. That means Africa’s GDP will grow by $500 billion per year for the next 30 years. Africa’s per capita income will rise by 55% every year to the year 2050,” Adesina said.

According to AfDB’s president, 13 million African young people arrive each year on the job market. However, only 3 million out of those are able to get a decent job. Meanwhile, the youth population is expected to double to reach 800 million individuals, over the coming decades. According to statistics, 66 million young Africans earn less than $2 a day.

In the long term, the AfDB hopes to get out 50 million youths from non-employment and under-employment.

Let’s note that the PYAG comprises: Ashish Thakkar (president), from Uganda, Uzodinma Iweala (Nigeria), Mamadou Touré (Cameroon), Vanessa Moungar (Chad), Francine Muyumba (DR Congo), Jeremy Johnson (USA), Clarisse Iribagiza (Rwanda), Ada Osakwe (Nigeria) and Monica Musonda (Zambia).

Fiacre E. Kakpo

SELECT a.* FROM #__k2_items AS a WHERE a.published = 1 AND (a.catid IN (1174, 1215, 1175, 1176, 1177, 1178, 1179, 1180, 1181, 1182, 1216, 1183, 1184, 1185, 1186, 1187, 1188, 1189, 1190)) AND a.trash = 0 ORDER BY a.created DESC LIMIT 4
For the first time in its history, Côte d’Ivoire will elect senators...
Read more |  22 February 2018
Burkina Faso is looking for a new partner to operate Tambao mine,...
Read more |  22 February 2018
African countries, especially those highly dependent on hydroelectricity should diversify power sources....
Read more |  22 February 2018
In 2017, Rwanda generated Rwf72.6 billion ($85.4 million) from tea exports. Compared...
Read more |  22 February 2018
Most Read | 7 days |
1 month |
1 year
SELECT a.* FROM #__k2_items AS a WHERE a.published = 1 AND a.created > '2018-02-16 00:27:28' AND (a.catid IN (1174, 1215, 1175, 1176, 1177, 1178, 1179, 1180, 1181, 1182, 1216, 1183, 1184, 1185, 1186, 1187, 1188, 1189, 1190)) AND a.trash = 0 ORDER BY a.hits DESC, a.created DESC LIMIT 5
SELECT a.* FROM #__k2_items AS a WHERE a.published = 1 AND a.created > '2017-02-23 00:40:09' AND (a.catid IN (1174, 1215, 1175, 1176, 1177, 1178, 1179, 1180, 1181, 1182, 1216, 1183, 1184, 1185, 1186, 1187, 1188, 1189, 1190)) AND a.trash = 0 ORDER BY a.hits DESC, a.created DESC LIMIT 5
SELECT a.* FROM #__k2_items AS a WHERE a.published = 1 AND (a.catid IN (1174, 1215, 1175, 1176, 1177, 1178, 1179, 1180, 1181, 1182, 1216, 1183, 1184, 1185, 1186, 1187, 1188, 1189, 1190)) AND a.trash = 0 ORDER BY a.created DESC LIMIT 4, 4
listofid2=38109,38108,38107,38106,
reference=38109,38108,38107,38106,0
Within six months, goods worth 388 million birrs (about $14 million) were seized...
Read more |  22 February 2018
During Q4 2017, the unemployment rate decreased to 11.3% in Egypt, according to...
Read more |  22 February 2018

Copyright Agence Ecofin © 2018. All Rights Reserved.