OECD Development’s Post

The interconnected of the world by the internet and the use of technology is a game changer here. This means more remote opportunities than ever for the skilled professionals in Africa who might create other opportunities for the locals with the incomes they produce through internet. Of course, more emphasis on political reforms for competitive higher education is needed.

Investing in education and training in Africa boosts earnings and productivity significantly. Education, especially at the university level, has higher private and social returns in Africa than anywhere else. Better-educated workers increase manufacturing firm productivity by up to 48%. Despite this, 68% of self-employed workers in #Africa are underqualified for their jobs. It’s time to bridge this skills gap for a more prosperous future: https://brnw.ch/21wLIpE | OECD Development

To boost economic growth, Africa must invest in better skills for better jobs.    By 2050, Africa’s working-age population will double. Education levels are rising, but most workers still have low-quality, informal jobs due to skill gaps and a lack of quality employment.    Over 80% of African young people aim for high-skilled jobs, but only 8% find them. Skill shortages in key sectors, such as agrifood, renewable energies and mining, hinder private investment, perpetuating economic informality.    How can we shift this dynamic?  ➡ Expand quality education  ➡ Develop national skill strategies  ➡ Improve labour market data  ➡ Boost informal worker productivity  ➡ Invest in technical and vocational education  ➡ Harmonise regional frameworks    Learn more in the new #AfricaDevelopment Dynamics report 👉 https://oe.cd/il/5Cv    African Union

How can African governments 🏛, firms 🏭 and educational institutions 🎓 support skills development to improve labour market opportunities for youth and boost productivity? Find some insights in our latest #AfricaDevelopment Dynamics report 👉 https://brnw.ch/21wL8va Proud to have contributed to the team effort with colleagues from OECD Development and African Union - Economic Development, Trade, Tourism, Industry, Minerals (ETTIM)

1 in 5 workers globally will come from Africa by 2050. This will require more teachers, more schools, and more money. 👩🏫 🏫 💰 My key takeaways from IMF's analytical note on Africa's workforce:👇 🔸 Over the next 25 years, sub-Saharan Africa's population is projected to x2 from 1 to 2 billion. 🔸 To capitalize on this potential, the workforce of tomorrow needs to have the skills needed to participate fully in the global economy. 🔸 A higher share of the working-age population tends to increase growth, but the size of this benefit depends crucially on the level of education. 🔸 Africa has made notable progress in expanding access to education, but the quality of education is often lacking. 🔸 The median sub-Saharan African government allocates 3.5% of GDP on education and private education spending stands at 1.8% of GDP. 🔸 Annual public and private expenditures on education need to roughly double by 2030 as a share of GDP to accelerate education provision. 🔹 Added spending to improve access is important, but ensuring that every dollar spent is used efficiently is equally crucial. International Monetary Fund #education #africa #workforce

Better skills, better jobs should drive the African governments’ economic transformations by investing in research and development and competitive higher education opportunities. ✅

Our Africa's Development Dynamics 2024 report on "Skills, Jobs and Productivity" is out now! As always, it's fact-packed: - #Education data: years of schooling, funding gap, cost-effective interventions - Analysis of mismatches between skills offered v demanded in the workplace across countries, regions, & sectors - #Digitalskills and #greenskills outlook - Five regional chapters on skills in mining in Central and Southern Africa, renewable energy in North Africa, agri-food in West Africa and digital skills in East Africa #skills #jobs #jobcreation #africa #africadevelopment #transformation

“The whole world has a vested interest in Africa’s success” 🎓 A picture is worth a 1,000 words. Today, Africa (red line) is adding as many working aged adults to its population as the rest of the world (blue line). By 2050, while the working age population will be declining in the rest of the world, Africa’s will continue to grow! This means that Africans will be the engine of the global economy. This is all from the #IMFMeetings Analytical Corner session of Africa’s Demographic Dividend. To capitalize, we need to invest now in education in Africa to build the workforce of tomorrow. More importantly, for the continent to benefit from this dividend and limit brain drain, African governments and INGOs working on the continent must ensure we are educating youth to build job CREATORS and not job seekers. Quality education is the key to Africa’s prosperous future 🌍

The #AfricanDevelopment Dynamics 2024 report is finally out! 👉 https://lnkd.in/eueuX_dM Check out how African countries can invest in skills development to create jobs, boost productivity and achieve inclusive transformations. OECD Development and African Union - Economic Development, Trade, Tourism, Industry, Minerals (ETTIM).

In a discussion on democratising education access across the continent, CNBC Africa interviewed Government Partnership Manager, Stephen Bestbier. Projections for the next three decades indicate a substantial surge in Sub-Saharan Africa's working-age population, expected to contribute to more than double the world's total growth. Africa is positioned as a key player in unlocking new opportunities within the global job market, with companies like Snapplify driven by a continued commitment to making quality resources available across the continent. Strategic partnerships, including collaborations with institutions like the Tanzania Institute of Education (TIE), are integral to this transformative journey. Catch the conversation here: https://shorturl.at/HUWX3 #edtech #snapplify #tanzania #elibrary #elearning