There has never been more important time to engage young people in Africa, to empower them to learn, outside the school curriculum, about businesses and how they are built than now. Africa has the world’s largest young population of 1.1 billion. Getting this youth population to convert from demographic statistics to an economic force is of course a function of level of investment and the momentum of development initiatives that can translate into jobs for the youth. Despite some modest success in job creation initiatives in some few African countries, youth unemployment has recently emerged as a major challenge of most African countries. As countries across the continent struggle to meet the youth employment challenge, the importance of fostering a next generation of entrepreneurs – both job creators and entrepreneurial employees – is particularly salient.
The Africa Islamic Economic Foundation recognises the importance of entrepreneurship and innovation as the basis for job and wealth creation in all modern economies. It has therefore launched the Start-up Africa Program to promote entrepreneurship and innovation among African Youth, with a special emphasis on technology transfer and wealth creation to help them create jobs and economic opportunities by providing them with greater access to education, financial capital and business support services. READ MORE>
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