News / Africa

    Economic Conference Set to Take Africa to Next Level of Growth

    Rising Youth Unemployment Endangers Africa's StabilityRising Youth Unemployment Endangers Africa's Stability
    x
    Rising Youth Unemployment Endangers Africa's Stability
    Rising Youth Unemployment Endangers Africa's Stability

    Multimedia

    Audio
    Kim Lewis
    Hundreds of African leaders will be joined by scholars, economists, and private industry leaders as the 7th African Economic Conference gets underway in Kigali, Rwanda, October 30 through November 2.

    The African Development Bank, (AFDB) along with the Economic Commission for Africa, (ECA), and the United Nations Development Programme (UNDP), organizes the event every year.

    This year’s theme is “Inclusive and Sustainable Development in an Age of Economic Uncertainty.”

    Emmanuel Nnadozie is the chief economist and director of the Economic Development Division of the UN Economic Commission for Africa. He says the main focus of the conference will be ensuring that the current economic situation does not prevent African countries from being able to generate growth and development

    “We also hope that through the conference we will be able to promote knowledge.  It is a very important ingredient in development, in policy making and in planning and implementation. Also, to think about how to encourage and enhance research on economic and policy issues that are important for African economies,” explained Nnadozie.

    Nnadozie said that before the recent economic crisis that began in 2008, Africa was growing at above five percent on average for almost a decade.  Once the economic downturn began, African countries could no longer attain that level of growth.

    “The most important thing is that African countries did not record the same level of economic growth that one could have seen in the United States, in Europe, and some other parts of the world. But instead they were able to actually withstand the effects of the economic crisis much better than many other parts of the world,” said Nnadozie.  He added that he and other economists look to see Africa get back as soon as next year to the same level of growth it had before the economic downturn.

    Another focus of the conference will be the high unemployment rate among Africa’s growing youth population.

    “The challenge that African leaders are facing is that the private sector, which is the number one employer in every economy, is not expanding large enough to be able to absorb the number of young people who are getting into the labor force.  On the supply side, because of the inadequacies in some of the educational systems, young men and women are graduating without the relevant skills that are needed in the market.  They may not be employable,” explained Nnadozie.

    The conference is also expected to address how to best develop and harness Africa’s wealth of natural resources—an area that could also improve Africa’s employment rate.

    Nnadozie said if one begins with Africa’s natural resources, then one asks oneself  the question:  how can we add more value to create a sustainable economy?

    To listen to the entire interview, click on audio.

    You May Like

    California Republicans Mull Choices in Presidential Race

    Ted Cruz tells state's Republican Convention delegates campaign will be 'battle on the ground, district by district by district,' ahead of June 7 primary

    Video Kurdish Football Team Helps War-Torn City Cope

    With conflict still raging across much of Turkey’s predominantly Kurdish southeast, many Kurds are trying to escape turmoil by focusing on success of football team Amedspor

    South African Company Designs Unique Solar Cooker

    Two-man team of solar power technologists introduces Sol4, hot plate that heats up so fast it’s like cooking with gas or electricity

    By the Numbers

    Featured Videos

    Your JavaScript is turned off or you have an old version of Adobe's Flash Player. Get the latest Flash player.
    Turkish Kurd Islamist Rally Stokes Tensionsi
    X
    April 29, 2016 12:28 AM
    In a sign of the rising power of Islamists in Turkey, more than 100,000 people recently gathered in Diyarbakir, the main city in Turkey’s predominantly Kurdish southeast, to mark the birthday of the Prophet Muhammad. The gathering highlighted tensions with the pro-secular Kurdish nationalist movement. Dorian Jones reports from Diyarbakir.
    Video

    Video Turkish Kurd Islamist Rally Stokes Tensions

    In a sign of the rising power of Islamists in Turkey, more than 100,000 people recently gathered in Diyarbakir, the main city in Turkey’s predominantly Kurdish southeast, to mark the birthday of the Prophet Muhammad. The gathering highlighted tensions with the pro-secular Kurdish nationalist movement. Dorian Jones reports from Diyarbakir.
    Video

    Video Pakistani School Helps Slum Kids

    Master Mohammad Ayub runs a makeshift school in a public park in Islamabad. Thousands of poor children have benefited from his services over the years, but, as VOA's Ayesha Tanzeem reports, roughly 25 million school-age youths don't get an education in Pakistan.
    Video

    Video Florida’s Weeki Wachee ‘Mermaids’ Make a Splash

    Since 1947, ‘mermaids’ have fascinated tourists at central Florida’s Weeki Wachee Springs State Park with their fluid movements and synchronized ballet. Performing underwater has its challenges, including cold temperatures and a steady current, as VOA’s Lin Yang and Joseph Mok report.
    Video

    Video Somali, African Union Forces Face Resurgent Al-Shabab

    The Islamic State terror group claimed its first attack in Somalia earlier this week, though the claim has not been verified by forces on the ground. Meanwhile, al-Shabab militants have stepped up their attacks as Somalia prepares for elections later this year. Henry Ridgwell reports there are growing frustrations among Somalia’s Western backers over the country’s slow progress in forming its own armed forces to establish security after 25 years of chaos.
    Video

    Video Bangladesh Targeted Killings Spark Wave of Fear

    People in Bangladesh’s capital are expressing deep concern over the brutal attacks that have killed secular blogger, and most recently a gay rights activist and an employee of the U.S. embassy. Xulhaz Mannan, an embassy protocol officer and the editor of the country’s only gay and transgender magazine Roopban; and his friend Mehboob Rabbi Tanoy, a gay rights activist, were hacked to death by five attackers in Mannan’s Dhaka home earlier this month.
    Video

    Video Documentary Tells Tale of Chernobyl Returnees

    Ukraine this week is marking the 30th anniversary of the world's worst nuclear accident, at the Chernobyl nuclear power plant. Soviet officials at first said little about the accident, but later evacuated a 2,600-square-kilometer "exclusion zone." Some people, though, came back. American directors Holly Morris and Anne Bogart created a documentary about this faithful and brave community. VOA's Tetiana Kharchenko reports from New York on "The Babushkas of Chernobyl." Carol Pearson narrates.
    Video

    Video Nigerians Feel Bite of Buhari Economic Policy

    Despite the global drop in the price of oil, Nigerian President Muhammadu Buhari has refused to allow the country's currency to devalue, leading to a shortage of foreign exchange. Chris Stein reports from Lagos businessmen and consumers are feeling the impact as the country deals with a severe fuel shortage.
    Video

    Video  Return to the Wild

    There’s a growing trend in the United States to let old or underused golf courses revert back to nature. But as Erika Celeste reports from one parcel in Grafton, Ohio, converting 39 hectares of land back to green space is a lot more complicated than just not mowing the fairway.
    Video

    Video West Urges Unity in Libya as Migrant Numbers Soar

    The Italian government says a NATO-led mission aimed at stemming the flow of migrants from Libya to Europe could be up and running by July. There are concerns that the number of migrants could soar as the route through Greece and the Balkans remains blocked. Western powers say the political chaos in Libya is being exploited by people smugglers — and they are pressuring rival groups to come together under the new unity government. VOA's Henry Ridgwell reports.
    Video

    Video Russia’s TV Rain Swims Against Tide in Sea of Kremlin Propaganda

    Russia’s media freedoms have been gradually eroded under President Vladimir Putin as his government has increased state ownership, influence, and restrictions on critical reporting. Television, where most Russians get their news, has been the main target and is now almost completely state controlled. But in the Russian capital, TV Rain stands out as an island in a sea of Kremlin propaganda.

    Special Report

    Adrift The Invisible African Diaspora