With more than 60% of its population under the age of 25, Sub-Saharan Africa is already the world’s youngest region today – and, by 2030, will be home to more than one-quarter of the world’s total under-25 population. Over this period, the region is projected to expand the size of its workforce by more than the rest of the world combined,1 as its young population, the best-educated and globally connected the continent has ever had, enters the world of work.
By leveraging this demographic opportunity, Sub-Saharan Africa has the potential to unleash new economic possibilities created by future industries and labour markets, dramatically raising labour productivity and per capita incomes, diversifying its economy, and becoming an engine for stable economic growth, high-skilled talent and job creation for decades to come.
Today, however, Sub-Saharan Africa is far removed from making optimal use of its human capital potential and under-prepared for the impending disruption to jobs and skills brought about by the Fourth Industrial Revolution.[i]
Source: Microsoft | News Center Middle East & Africa
According to a WEF “, an estimated 15 to 20 million increasingly well-educated young people are expected to join the African workforce every year for the next three decades.” However, there is a gross disparity between learning in tertiary institutions in Africa and the skills required for the workforce. Employers have expressed dissatisfaction with the quality of graduates introduced to the labor market yearly. Subtly put, as Africa’s economy is on the rise, the challenge of unemployment is not unemployment but lack of employable skills.
Tertiary institutions in Africa are yet to fully take up leadership roles in innovations, research and development, and professional training. Enterprise and nonprofit sector’s commitment to human capacity building is an essential supplementary approach to conventional education. There is the need for collaboration between businesses and the education sector in addressing the skills gap, as much as the need for businesses to collaborate in building a progressive talent pipeline for the future of the workforce in Africa.
Hence, to provide youths in our higher institutions with the knowledge and skills needed to tackle the jobs of the future and be active participants in the digital economy, McAnderson Institute of Technology is desirous of having a roundtable meeting with your organization in order to help the institution fashion ways to actively get the students engaged and equipped for the Future; showcasing to them the opportunities and possibilities of emerging technologies for success in the 21st century workplace.
[i] World Economic Forum The Future of Jobs
and Skills in Africa
Preparing the Region for the
Fourth Industrial Revolution