Africa is known for its generally youthful population. But is the continent truly harnessing this demographic dividend to its advantage?
This question was at the heart of a forum hosted by the Kenyan government on May 27 on the sidelines of the Africa n Development Bank Group's 2024 Annual Meetings in Nairobi. The panel discussion, titled
William Asiko, Rockefeller Foundation Vice President for Africa, highlighted Kenyan President William Ruto's recent announcement that carbon credits will be Kenya's next significant export by 2030. He noted that this initiative could create numerous jobs but stressed the necessity of developing the right skills to seize this opportunity."Artificial Intelligence carbon markets are the big issues now. Can we develop these skills for the future?" he posed.
Phiri pointed out the importance of derisking youth participation in investments across the value chains."We need to ensure we not only build the necessary skills for young people, but invest in their businesses, and enhance derisking instruments to ensure youth are seen as bankable." The event was moderated by Dr Rose Ngugi, Chief Executive Officer of the Kenya Institute for Public Policy Research and Analysis.).
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