{"id":623430,"date":"2018-10-30T04:06:36","date_gmt":"2018-10-30T04:06:36","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/30\/africas-unemployment-crisis-likely-to-worsen\/"},"modified":"2018-10-30T04:06:36","modified_gmt":"2018-10-30T04:06:36","slug":"africas-unemployment-crisis-likely-to-worsen","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/30\/africas-unemployment-crisis-likely-to-worsen\/","title":{"rendered":"Africa\u2019s unemployment crisis likely to worsen"},"content":{"rendered":"<p><strong>African countries are failing to create enough jobs for their young populations: <\/strong>Africa\u2019s deteriorating business environment will inevitably mean the continent will never be able to generate enough jobs for its growing working-age population, according to data from the <a href=\"http:\/\/s.mo.ibrahim.foundation\/u\/2018\/10\/28235917\/2018-IIAG-Press-Release.pdf?_ga=2.153510328.1860981170.1540824898-553945547.1540824898\">Mo Ibrahim Foundation\u2019s Index of African Governance (pdf)<\/a> picked up by the <a href=\"https:\/\/www.ft.com\/content\/9ab3ef10-da97-11e8-9f04-38d397e6661c\">Financial Times<\/a>. Unlike Europe and China, whose working-age populations will drop by the mns over the next 35 years, Africa, where the median age is 19, is expected to see its working-age population rise by some 900 mn people between 2015 and 2050.<\/p>\n<p><strong>\u201cTrickle down\u201d has failed in Africa, says Mo Ibrahim:<\/strong> \u201cOur gross domestic product has grown by a considerable amount over the past 10 years, but we haven\u2019t translated that into a sustainable economic opportunity,\u201d said Mo Ibrahim, the Sudanese businessman whose foundation aims at improving governance in Africa. \u201cSome people got really rich and enjoy all the fruits of economic boom, but no more jobs or economic opportunity were created. Trickle down doesn\u2019t work.\u201d Data showed that Africans across the continent\u2019s 54 countries mostly work in the informal sector and are not too happy with their jobs.<\/p>\n<p><strong>Pessimism pervades the report: <\/strong>The report gives credit to some countries for imposing economic policies to boost growth or improving their infrastructure with the help of Chinese investments, but says it\u2019s not enough, pointing to countries\u2019 failure to diversify their economies or increase their exports. It expected the continent\u2019s deteriorating business environment, including in key economies like South Africa and Egypt, to lead to \u201cbrain drain, political and social unrest, instability and armed conflict.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>African countries are failing to create enough jobs for their young populations: Africa\u2019s deteriorating business environment will inevitably mean the continent will never be able to generate enough jobs for its growing working-age population, according to data from the Mo Ibrahim Foundation\u2019s Index of African Governance (pdf) picked up by the Financial Times. Unlike Europe [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[9272],"tags":[7098,928,72,1510],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-623430","post","type-post","status-publish","format-standard","hentry","category-the-macro-picture","tag-africa","tag-employment","tag-enterpriseam","tag-the-macro-picture","wpautop","entry"],"acf":{"mongo_id":"5cc25b97-f046-4a5e-b6d4-2fa0be47f969","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[623410],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Africa\u2019s unemployment crisis likely to worsen - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/30\/africas-unemployment-crisis-likely-to-worsen\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Africa\u2019s unemployment crisis likely to worsen\" \/>\n<meta property=\"og:description\" content=\"African countries are failing to create enough jobs for their young populations: Africa\u2019s deteriorating business environment will inevitably mean the continent will never be able to generate enough jobs for its growing working-age population, according to data from the Mo Ibrahim Foundation\u2019s Index of African Governance (pdf) picked up by the Financial Times. Unlike Europe [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/30\/africas-unemployment-crisis-likely-to-worsen\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-10-30T04:06:36+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/30\/africas-unemployment-crisis-likely-to-worsen\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/30\/africas-unemployment-crisis-likely-to-worsen\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Africa\u2019s unemployment crisis likely to worsen\",\"datePublished\":\"2018-10-30T04:06:36+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/30\/africas-unemployment-crisis-likely-to-worsen\/\"},\"wordCount\":272,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"Africa\",\"employment\",\"EnterpriseAM\",\"THE MACRO PICTURE\"],\"articleSection\":[\"THE MACRO PICTURE\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/30\/africas-unemployment-crisis-likely-to-worsen\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/30\/africas-unemployment-crisis-likely-to-worsen\/\",\"name\":\"Africa\u2019s unemployment crisis likely to worsen - 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Many economies in Africa have already been flourishing over the\u2026","rel":"","context":"In &quot;THE MACRO PICTURE&quot;","block_context":{"text":"THE MACRO PICTURE","link":"https:\/\/enterpriseam.com\/egypt\/category\/the-macro-picture\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":627509,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/06\/04\/a-population-boom-may-not-necessarily-translate-it-into-economic-prosperity-for-african-economies\/","url_meta":{"origin":623430,"position":1},"title":"A population boom may not necessarily translate it into economic prosperity for African economies","author":"enterpriseam admin","date":"4 June 2018","format":false,"excerpt":"A population boom may not necessarily translate into economic prosperity for African economies, Justin Fox writes for Bloomberg. While African countries theoretically stand to reap the greatest \u201cdemographic dividend\u201d in the future as their populations continue to grow, a comparative analysis of the UN and World Bank\u2019s global birth rate\u2026","rel":"","context":"In &quot;THE MACRO PICTURE&quot;","block_context":{"text":"THE MACRO PICTURE","link":"https:\/\/enterpriseam.com\/egypt\/category\/the-macro-picture\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2018\/6\/656.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":570817,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/04\/15\/can-africa-imitate-chinas-rapid-development\/","url_meta":{"origin":623430,"position":2},"title":"Can Africa imitate China\u2019s rapid development?","author":"enterpriseam admin","date":"15 April 2020","format":false,"excerpt":"Can Africa imitate China\u2019s rapid development? Africa could harness its manpower and natural resources to generate massive economic growth, the Economist reports (watch, runtime: 15:36). Among the options on the table: rapid industrialization (like China) or by investment in services such as IT and \u201cindustries without smokestacks,\u201d such as horticulture.\u2026","rel":"","context":"In &quot;Worth watching&quot;","block_context":{"text":"Worth watching","link":"https:\/\/enterpriseam.com\/egypt\/category\/lifestyle\/worth-watching\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/4\/141.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":594694,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/04\/the-gulf-is-expanding-its-role-in-africa\/","url_meta":{"origin":623430,"position":3},"title":"The Gulf is expanding its role in Africa","author":"enterpriseam admin","date":"4 September 2019","format":false,"excerpt":"The Gulf is expanding its role in Africa: Japan\u2019s recent pledge to invest USD 20 bn in Africa in the coming three years speaks to a growing global interest in new investment openings throughout the continent, driven by its abundant natural resources, rapid population growth, and huge economic potential in\u2026","rel":"","context":"In &quot;THE MACRO PICTURE&quot;","block_context":{"text":"THE MACRO PICTURE","link":"https:\/\/enterpriseam.com\/egypt\/category\/the-macro-picture\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2019\/9\/28.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":564775,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/02\/25\/the-job-market-in-the-covid-age\/","url_meta":{"origin":623430,"position":4},"title":"The job market in the covid age","author":"enterpriseam admin","date":"25 February 2021","format":false,"excerpt":"Here\u2019s how much global employment suffered from the pandemic: The global economy lost the equivalent of as many as 255 mn full-time jobs in 2020, the International Labor Organization (ILO) said in a recent report (pdf). 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