Pitso Kekana, head of public affairs and corporate citizenship for Samsung Africa RHQ, said on Monday that Africa's high unemployment rate could be lessened if more workers were trained in relevant skills and job growth would catch up to a growing working-age population.
A World Bank report found that South Africa's working-age population in the past two decades has jumped by 11 million, while the total number of jobs created has risen by only 2.8 million since 2000.
Entrepreneurship is huge in Africa, accounting for 90 percent of the continent's private businesses and over 50 percent of employment and gross domestic product. When these businesses succeed, jobs are created. They also often lead to other businesses, nurturing the continent's financial growth.
Upskilling -- or making certain the continent's disadvantaged have the same access to education, skills and employment opportunities -- will poise Africa for greater financial and societal growth, giving would-be entrepreneurs and others the skills they need to succeed, Samsung Electronics said.
More Stories
- Sierra Leone hosts state dinner for Liberian president's official visit
- St Helena celebrates 25 years of GIS Day with new technological advances
- ECOWAS delegation visits Guinea for early warning center launch
- ECOWAS signs academic agreement with Africa Centre for Strategic Studies
- Presidents of Sierra Leone and Liberia discuss strengthening regional cooperation
- ECOWAS reviews SIGMAT implementation to boost trade integration
- Liberian president visits Sierra Leone for official discussions
- ECOWAS Commission engages at COP29 to advance climate action
- ECOWAS committee reviews strategic plan amid growing market complexities
- ECOWAS develops e-learning platform to support West African farmers