With almost 200 million people between the ages of 15 and 24, Africa has the highest concentration of young people in the world. Unemployment averages 30 percent across low-income countries in Africa, and the majority of the unemployed are youth. Some of the challenges that young people in Africa face include:
- Lack of relevant curricula, leading to a mismatch between young people’s skills and market needs.
- Variability in the quality of learning at educational institutions, including vocational training schools.
- Lack of formal jobs, and difficulty starting and growing a business.
- Lack of access to appropriate financial services, including capital and support for young entrepreneurs.
- Regulatory and policy hurdles.
The Employability and Entrepreneurship initiative aims to equip young women and men with the skills and knowledge they need to access jobs or grow businesses, access financial services, and expand the economic opportunities that are available to them.