Every year, 10-12 million African youth enter the job market. Sadly, only about 3 million of them find a job. By 2035, Africa will contribute more people to the workforce each year than the rest of the world combined.
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By 2050, the continent will be home to over 1.25 billion people of working age. In order to absorb these new entrants, Africa needs to create more than 18 million new jobs each year.
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SMEs employ over 80% of the continent's workforce and have potential to fill the employment gap in Africa. Unlocking the continent's growth potential therefore requires a sustained investment into its SME sector.
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