The continent needs between 11 to 13 million jobs annually to absorb its youths into meaningful jobs, it currently creates 3 million of those. This gap is too large and smells dangerous for social outcomes like unemployment, insecurity, low productivity, and stunted economic growth among others. The fiscal budgets of African governments are perennially inadequate and burdened by hydra-headed headwinds of growing debt, inflation, and interest rates. Aid is not only inadequate but also unsustainable. The private sector therefore holds the key to this important lever of economic growth – jobs. Investors must increasingly wear the lens of impact and job creation as they make investments that create returns for capital providers. This webinar explored some insights into investing for jobs in Africa.
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