Through its young people, Africa finds itself faced with an unprecedented opportunity. Every year between 2015 and 2035, close to five million more people will turn 15 years of age across the continent, while in the rest of the world the population will grow older. As noted in the 2014 World Bank report on youth employment in Sub-Saharan Africa, only a quarter of the young people who enter the labor market each year over the next decade will find a salaried position, and only a small fraction of them will secure formal employment in “modern” enterprises, with the majority of young people remaining in the informal sector.
One of the World Bank’s priorities in Africa is to invest in scientific and technical education to equip young people with skills matching businesses’ current needs, and a key issue for the institution is to help determine how to facilitate young people’s transition to productive employment.
In the margins of the World Bank and IMF Spring Meetings, this Ted Talk-inspired event will focus on promoting youth entrepreneurship in Africa. Hosted by the World Bank, the Growth Dialogue and the George Washington University School of Business, the event features seven inspiring young entrepreneurs who are transforming Africa with their start-ups in health, education, technology and more.