The Founder of the Tony Elumelu Foundation, Tony Elumelu says Africa’s quest for breaking the cycle of poverty and dependency could only be achieved if it injects the spirit of entrepreneurship into its youthful population. To this end, his Foundation has set up the TEF Entrepreneurship Programme, which is a 10-year programme worth $ 100 million to identify, train, mentor and fund 10,000 entrepreneurs, capable of changing the face of business across Africa.
University of Cape Town (UCT) academics who in the initial stages were tentatively doubtful about the likely success of the employment tax incentive, are "cautiously positive" that it has improved the employment of young workers. In a submission on the incentive, the UCT development policy research unit's Prof Haroon Bhorat and Amy Thornton recommended that it should be extended, as proposed by the Treasury.
Yahoo Finance Canada
Just 10.1 per cent of Germany’s young workers, between the ages of 20 and 24, are not in school or out of work. That impressive figure places the country among the world’s leaders in youth employment. And, according to a new report by PricewaterhouseCoopers, if all member countries of the Organization for Economic Co-operation and Development lowered their youth NEET rates (not in education, employment or training) to near German levels they could stand to gain about $1.1 trillion in gross domestic product across the board.
International Labor Organization
The report, Non-standard employment around the world: Understanding challenges, shaping prospects , highlights the policies needed to improve the quality of non-standard jobs. The report finds that there has been a rise in non-standard forms of employment (NSFE) globally, including increases in temporary work, part-time work, temporary agency work and subcontracting, dependent self-employment and disguised employment relationships.
The World Bank
Numbers don’t lie. That’s why, in our day-to-day lives, we rely heavily on numbers from household surveys, from national accounts, and from other traditional sources to describe the world around us: to calculate, to compare, to measure, to understand economic and social trends in the countries where we work. But do we perhaps rely too much on numbers to gain an understanding of people’s lives and the societies in which they live? Do numbers really tell us the whole story, or give us the full picture?
UN SDG Action Campaign
Malawi is one of the poorest countries in the world and its economy is worsening. Malawians are struggling to earn enough money to feed their families and two years of poor harvests means that people are hungry. There’s no welfare state, so earning a living is vital for survival. To make matters worse, Malawi also faces a serious youth unemployment crisis and the highest working poverty rate in the world. According to a report of the National Statistical Office and ILO, in 2013 only 11.3% of the working population was in formal employment, and the figures for those under 35 are worse.
In the margins of the 71st Session of United Nations Economic and Financial Committee (Second Committee), the Division for Social Policy and Development (of the United Nations Department of Economic and Social Affairs) organized a side-event to provide stakeholders with the space to examine initiatives that have worked in youth employment and entrepreneurship and to share lessons that can be adapted and adopted by all stakeholders. On that occasion, Tiffany Pham, the 29-year-old CEO and founder of the online platform Mogul which reaches 18 million women per week, emphasized why youth entrepreneurship and the contributions of young people are essential for innovation and solving real-world problems. In the below interview, Tiffany shared her views on being a young entrepreneur and some of the challenges she faced as a young woman in the media and technology industries.
Unreasonable East Africa
Every year, we run 10 month programs designed to get early stage high potential companies in Uganda, Kenya, Tanzania and Rwanda what they need to grow. We select an exclusive group of fifteen companies for each of these programs, whom we work with intensively alongside our 100+ impressive mentors to get them into the best possible shape to grow. We then expose and connect them to our network of funders so that they can raise funding. But it does not end there. We and the entire UEA network continue to support our entrepreneurs for the life of their company and beyond.
Every person is born with potential: the key is unlocking that potential. So, how can we provide opportunities that empower young people to take ownership over their own future outcomes? You can download our new Young Workers Index report by clicking here, where we discuss how governments and businesses can reap the rewards from playing their part in making this happen.