Jobs in Africa: Designing better policies tailored to countries’ circumstances
May 15, 2017 Editor 0
Dar es Salaam, Tanzania – one of the many cities in Africa that is expected to see sharp population increases – will need rapid job creation to keep pace with its swift population growth. The city’s new bus transit system – completed in 2015, with a $290 million credit from the International Development Association, the World Bank’s fund for the poorest countries – is now reducing transportation costs, easing traffic and promoting private sector development.
Photo: Hendri Lombard / World Bank
Africa’s working-age population is expected to grow by close to 70 percent, or by approximately 450 million people, between 2015 and 2035. Countries that are able to enact policies conducive to job creation are likely to reap significant benefits from this rapid population growth, according to the Africa Competitiveness Report 2017, co-produced by the World Bank Group, the African Development Bank, and the World Economic Forum. The report also warns that countries which fail to implement such policies are likely to suffer demographic vulnerabilities resulting from large numbers of unemployed and underemployed youth.
- Competitive Cities: Kigali, Rwanda – governance, growth and gorillas
- Breaking down barriers to competition: Unlocking Africa’s potential through a regional platform for cooperation
- Play the ‘Competitive Cities’ game: See whether you’re a guru of urban competitiveness
- What’s next for the Competitive Cities initiative: ‘To travel far, let’s travel together’
- Forging the link between inclusion and integrity in Ethiopia
- Competition and poverty: How far have we come in understanding the connections?
Categories: World Bank PSD
Subscribe to our stories
- Giving Francophone African incubators the keys to accelerate growth entrepreneurship February 13, 2018
- Is acceleration the panacea for scaling growth entrepreneurs? Reflections from XL Africa February 13, 2018
- Why providing pre-seed and seed capital is the essential step to bringing West Africa and Sahel’s entrepreneurs to the next level February 13, 2018
- Global Investment Competitiveness: New Insights on FDI February 2, 2018
- BioInnovate Africa phase II launched February 2, 2018