Sparks of prosperity

By Katrin Glatzel

During his visit to Kenya two weeks ago, President Obama told Kenyans that their country is at a crossroads and urged them to “choose the path to progress” by continuing to root out corruption and be more inclusive of women and girls. He emphasised the role of young people in particular, saying that “when it comes to the people of Kenya — particularly the youth — I believe there is no limit to what you can achieve.  A young, ambitious Kenyan today should not have to do what my grandfather did, and serve a foreign master. You don’t need to do what my father did, and leave your home in order to get a good education and access to opportunity. Because of Kenya’s progress, because of your potential, you can build your future right here, right now”.

pic1Africa’s youth hold the key to unlocking the continent’s success. With almost 200 million people aged between 15 and 24, Africa has the youngest population in the world and with estimates suggesting that Africa’s labour force will be 1 billion strong by 2040, it will be largest and youngest worldwide. However, 70% of young people live on less than US$2 per day and youth underemployment is high as Africa’s urban labour markets are unable to absorb the increasing young population. This seems like a dim prospect for Africa’s young women and men. However, there is reason for optimism: investment in rural and food sector entrepreneurship in Africa can achieve sustainable food and nutrition security for the continent and significantly contribute to Africa’s rural and urban growth. [Read more…]