Empowering Africa’s Youth to Foster Job Creation, Economic Growth, and Peace

Africa is on the brink of significant demographic changes that will have a profound impact on global economic and geopolitical affairs. With sub-Saharan Africa projected to account for more than half of the world’s population growth between 2022 and 2050, the region is set to play a pivotal role in shaping the future.

One of the key challenges facing Africa is youth unemployment, with millions of young people entering the labor market each year but not enough formal wage jobs being created. This disparity poses a risk of instability if not addressed promptly. The African Union’s recent inclusion in the Group of 20 highlights the continent’s growing influence on international economic cooperation.

To address the issue of job creation, the Africa Continental Free Trade Area (AfCFTA) presents a significant opportunity to drive structural transformation and industrialization. Covering 1.3 billion people with a combined GDP of $3 trillion, the AfCFTA aims to create opportunities for skilled workers and promote economic diversification.

However, the successful implementation of the AfCFTA will require collaboration between governments and the private sector. The World Economic Forum is working with global business leaders to support the trade pact and mobilize investments in Africa’s future.

As Africa’s population continues to grow, it is crucial for governments to prioritize job creation and skills development to harness the continent’s demographic dividend. By investing in education and technology, Africa can unlock its full potential and contribute to global economic growth.

The world is watching as Africa navigates these demographic shifts and economic challenges, with the hope that the continent will emerge as a key player in shaping the future of the global economy.