Youthink! The World Bank's blog for youth
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For African Youth, Informal Sectors Jobs Are Normal

Ravi Kumar's picture

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 Youth Forum Breakfast, Abuja, Nigeria. Photo: Bamidele Emmanuel Oladokun / World BankYouth Forum Breakfast, Abuja, Nigeria. Photo: Bamidele Emmanuel Oladokun / World Bank

In 2011 African heads of state met in Malabo, Equatorial Guinea, for the African Union Summit. It was held under the theme: "Accelerating Youth Empowerment for Sustainable Development." The main aim of the gathering was to deliberate on Africa's youth which is growing faster than any other continent. More than 200 million people in Africa are between ages 15 through 24.

“Africa is the youngest continent. The current youth of Africa are not only important for Africa but also for the world,” said Shantayanan Devarajan, Chief Economist for the World Bank’s Africa region. Young people are usually the ones who lead innovation and are a source of labor force of any economy, Devarajan added.

What Questions Do You Have on Youth Financial Services?

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CGAP Youth and Financial services

Photo: Farida Parveen is a successful entrepreneur in Manikgong district, she was destitute until taking a loan to start a small poultry farm. © 2011 CGAP contest.

Youth are particularly vulnerable to economic problems. They often don’t have access to financial services due to lack of education and employment. Governments are aware of this and are working to find solutions.

Making the case for a knowledge economy in Haiti

Fritz-Gerald Louis's picture

Today, the growth potential of a country depends on the creativity, innovation and expertise of its citizens.

Strong international competition driven by globalization—between states, businesses and individuals—is fast increasing the importance of knowledge and education.