With the youngest population in the world, Africa could provide a skilled workforce to the global market in the next 10 to 15 years, according to Brookings forecasts. However, this will only be possible with significant investments in education and training.
A new report from the Brookings Institution, titled Foresight Africa 2025-2030, highlights the significant demand for digital skills in sub-Saharan Africa by the end of the decade. The report estimates that 230 million jobs will require digital skills by 2030, creating up to 650 million opportunities for digital training. This demand could generate a market valued at $130 billion.
The report, which references an earlier study by the International Finance Corporation (IFC), stresses that unlocking this potential will require significant investment in education and training. Preparing young Africans for these opportunities will be critical. Jobs requiring digital skills are expected to emerge across various sectors, including tech outsourcing, business process services, high-tech industries, online platforms, and digital finance.
The digital revolution’s impact will go beyond job creation. It is expected to drive innovation, encourage entrepreneurship, and boost Africa’s competitiveness in the global market. According to the report, digital transformation is key to unlocking Africa’s economic potential and opening up new opportunities for its young population.
"For governments, leveraging digital tools can boost efficiency, revenue collection, and service delivery," the report states. "Additionally, developing a skilled African workforce tailored to local needs and global demands is vital."
However, the report warns that without decisive action from governments to address gaps in education and training, these projections could remain out of reach. A failure to act could worsen unemployment and deepen social inequalities, leaving many young Africans unable to access these opportunities.
Military escalation between Iran, Israel, and the United States has raised the risk of disruptions...
Ethio Telecom has signed a new agreement with Ericsson to expand and modernize its telecom netwo...
Central Bank of Nigeria said 20 commercial banks have met new minimum capital requirements, with...
Senegal launches 200 billion CFA bond in UEMOA Proceeds to fund 2026 budget, transformation agend...
The BCEAO cut its main policy rate by 25 basis points to 3.00%, effective March 16. Inflation...
Palm oil futures in Malaysia surged 9%, their biggest one-day gain in three years. The spike follows rising oil prices after escalating tensions in the...
FCMB Group has raised capital to meet the Central Bank of Nigeria’s new requirements. The recapitalization combined a public share offer and a partial...
IFC plans a guarantee facility of up to $50 million for Nairobi-based reinsurer ZEP-RE. The mechanism aims to strengthen the company’s credit...
Côte d’Ivoire has signed an agreement with the National Investment Bank to support diaspora-led projects. The deal includes tailored banking products,...
Located about forty kilometers east of Lomé along the Gulf of Guinea, Aného is one of the most historically significant towns in Togo. Nestled between a...
African-born artists generated $77.2 million in auction sales in 2024, down 31.9% year-on-year. Women artists accounted for about $22...