Original Story Published by: Contributor for Africa.com
Photo Source: ©Africa.com
Despite Africa’s impressive growth in past 25 years and its entry into the digital economy, the job market continues to be in a depressed state as youth unemployment continues to rise. Africa has the largest population of young people in the world, some 200 million aged between 15 and 24, accounting for 60% of all of Africa’s jobless. This is alarming to say the least because youth employment could drive economic development in Africa if we invest in them.
The question is “What steps can we take to address this?” Africa needs a way out of poverty and entrepreneurship may be key.
It has the potential to create millions of jobs in Africa and youth entrepreneurs may bring about the positive change we urgently need. And although more and more youth are looking into entrepreneurship, there are many challenges facing this sector like the lack of access to information, finance, networking and mentoring. These four pillars are critical in modern-day entrepreneurship, as well as taking on a virtual presence in the digital economy. Everything around us is connected and entrepreneurs need to embody the virtual world in order to be successful in smart cities of the future. But challenges relating to the four pillars in the virtual world need to be addressed in order to give Africa’s youth a fighting chance.
To read the full article, visit Africa.com.
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