Leveraging Africa’s Informal Economy for Young People
To create quality job opportunities for Africa’s growing youth population, the continent’s governments should both nurture the informal sector and encourage informal businesses to formalize their operations. To this end, they could employ many of the same tactics that have proved effective in encouraging the development of small and medium-size firms.
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LUSAKA – By 2050, Africa will be home to 25% of the world’s workforce. And yet there is no guarantee that those workers – especially the growing share of young people among them – will be employed, let alone in decent jobs.