Providing young people with access to education and training that are aligning with and build in-demand skills is a key for Africa’s growth.
“We need collective response to this challenge,” Sola David-Borha, Chief Executive, Africa Regions Standard Bank Group said during East Africa Media Forum in South Africa. “The government can do only so much and the private sector has to step up and do its part.”
“It is also crucial for employers to take a different approach to how they invest in training, as well as how they approach hiring, so that demand and supply sides of the labor market are better linked.” she said.
In 2034, Africa is expected to have the world-largest working-age population of 1.1 billion. “If we will not educate this workforce, Africa will be at the edge of the falling cliff,” she said.
With a huge demographic shift in the continent, rapid urbanization, the increased use of technology, and the emergence of a middle class has amplified the role of private education throughout the continent.
Ms. Sola suggested that African governments should formulate policy frameworks and public-private partnerships that would expand access to and improve quality at these institutions.
She further said that government private sector should give strategic importance in Agriculture. It is positive to finance agriculture value chain so as to stimulate employment and ensure food security in the continent.
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