123ArticleOnline Logo
Welcome to 123ArticleOnline.com!
ALL >> Others >> View Article

Reshaping The Job Market In Africa With An Entrepreneurial Push

Profile Picture
By Author: Djembe Consultants
Total Articles: 3
Comment this article
Facebook ShareTwitter ShareGoogle+ ShareTwitter Share

The nature of jobs is rapidly shifting towards tech-enabled productivity enhancement for a better competitive edge nowadays. This has made job creation a global challenge and Africa is not an exception. Ironically, the market is not reeling under the crisis of a shortage of jobs, but the quality is indeed a matter of concern.

When it comes to job creation and entrepreneurship in Africa, most of the discussion remains focused on the low unemployment rate. Only 3-4% of the Africans have a job at hand and one-third of the population is living below the poverty line. Experts believe that African nations have to realign the job market with a focus on value addition. They can achieve this by creating jobs through innovation-driven enterprises for better compensations.

Reshaping job market in the new Africa

Unlike developed and emerging economies, the Dark Continent is still struggling to restructure the job market, as the majority of the population is agrarian and living in rural areas. Since agriculture practices are archaic and the produce market isn’t global, farmers fail to get a decent price and causal ...
... laborers the wage. Demographers and labor market experts are suggesting the decoupling of employment from underemployment with the focus of skill-driven value creation. This is where the entrepreneurs come in the scene, as they can build an innovative micro-ecosystem to train manpower and build an economy of value creation.

Nurture entrepreneurial spirit

It takes time to restructure the labor market and in the case of Africa, farming and mining will remain at the core of the job market. With little policy support and financial backing, the government can create an ecosystem to impart skills so that they could be better market-fit. Nevertheless, the innovation-driven entrepreneurial ventures often struggle to get quality manpower in Africa, so there should be policy support to find the demand-supply balance of skilled workforce. Neo age ventures can do wonders in terms of value creation and make Africa the value-creation hub. Just advance diamond polishing could help create thousands of high-paying jobs in Africa, which otherwise goes to other countries.

Sector-specific plan

The era of generalization is over. We are living in a world of specialization, so industrial and labor policies should be industry-specific to help build ecosystems aligned with the global chain. The generalization kills the passion to think new. It is not just about writing good words on paper but enabling a practical process to help young minds experiment so that they could create jobs for Africans. Simple innovations in farming practices could boost productivity and tech-centric small value addition could double farm income in just a few years.

The job market is a dynamic space, so any strategy must have an element of dynamic accommodation and absorption capacity. Flexibility, freedom, and little support, both financially and policy-wise, is the key to reshape the market of job creation and entrepreneurship in Africa.

Total Views: 218Word Count: 479See All articles From Author

Add Comment

Others Articles

1. Choose A Color Before Investing In 1bhk Flat In Uttam Nagar
Author: Sanvi Real Estate

2. Quick Guide To Help Plan For Your Wedding Flowers
Author: Shishu

3. Reinvent Your Living Space With Smart Storage And Modern Sliding Wardrobes
Author: Madhu

4. Strategies To Mitigate Cognitive Biases
Author: ImPerfect

5. Sitecore Cms Development & Training: Everything You Need From Cli To Cloud
Author: Sitecore CMS Development & Training: Everything Yo

6. Learning From Bias – Real Stories And Smarter Strategies
Author: ImPerfect

7. The Best And Amazing Shipping Lawyers In China
Author: Shanghai Ganus Law Firm

8. Nickel Strip Lithium Battery
Author: Amit shah

9. From Wings To Wrenches: Can India Build Its Own Jet-set Future Before The World Closes Its Doors?
Author: kyone

10. Understanding Eating Disorder: A Path Towards Awareness And Healing
Author: ImPerfect

11. Elevate Your Kitchen With Durable Stainless Steel Benchtops In Auckland
Author: Kiwi Stainless

12. Digital Marketers In Travel Are Hitting A Career Wall Despite Industry Growth, New Update Why They’re Falling Behind In The Age Of Ai And Strategic Di
Author: PAWAN

13. How To Choose The Best Moving Company In 2025
Author: At AM Moving Company, we are movers Dallas, TX tru

14. Comprehensive Rodent Control In Springfield, Mo – Trusted Experts At 417 Pest Solutions
Author: 417 Pest Solutions

15. The Power Of Astro-numerology
Author: Reeth U Sarvvah

Login To Account
Login Email:
Password:
Forgot Password?
New User?
Sign Up Newsletter
Email Address: