Entrepreneurship, skills training and impact work to tackle unemployment and build a resilient workforce
Nearly 65 million youth worldwide are unemployed, with many young people at the start of their work life having been impacted by the pandemic. The Global South, especially Sub-Saharan Africa, is particularly affected – with just three new jobs created for every 11 young Africans entering the workforce. Addressing youth unemployment requires a multi-pronged creative approach that fosters entrepreneurship, incentivizes upskilling and rewards positive behaviours. It is a collective responsibility involving governments, businesses, educational institutions and young people. By harnessing the potential of youth and young people, we can not only tackle the current employment crisis, but also pave the way for a more dynamic and resilient global economy.
photo: freepick.com
Related Post
South African SMEs: Navigating the Path...
The State of South African Small Business 2025 report highlights that SMEs are increasingly the backbone of the national economy, with 83% r...
Energy Prices and Their Impact on...
The structural disparity in electricity costs when compared to the European average is a growing concern for micro and small businesses thro...
First Report by the Observatory on...
The First Report by the Observatory on SMEs and Capital Markets highlights that Italian SMEs increasingly see capital markets as an opportun...
