Best Practices in Job Creation
In collaboration with United Nations Economic Commission for Africa
Lessons from Africa
This study examines some of the more recent job creation initiatives across the African continent, with the aim of identifying the factors that have contributed to the success of these initiatives. This, in turn, provides insights that can be considered when formulating future policies aimed at stimulating employment.
Creating sustainable employment opportunities remains a challenge globally. However, Africa’s unemployment situation is arguably the continent’s most pressing concern, especially in light of emographic trends characterised by a young and growing population. Apart from the negative socio-economic consequences related to elevated unemployment, especially among the youth, Africa runs the risk of missing out on the benefits of the so-called demographic dividend. Employment creation is therefore of the utmost importance to drive Africa’s broader development goals and address serious issues such as widespread poverty, income inequality, gender disparities and insecure livelihoods.
It is towards this end that this paper examines some of the more recent job creation initiatives across the continent, with the aim of identifying the factors that have contributed to the success of these initiatives. The socio-economic diversity across the continent means that the success of an initiative in one country does not guarantee success in another, but there are undoubtedly lessons to be learnt from experiences across the continent. This, in turn, provides insights that can be considered when formulating future policies aimed at stimulating employment.
The experts behind the research
Our Africa Consulting team include specialists in quantitative economic analysis, working with clients around the globe and across sectors to build models, forecast markets and evaluate interventions using state-of-the art techniques. Lead consultants on this project were:
Cobus de Hart
Director of Africa Consulting
Tags:
Recent related reports
IFRS 9 and the BCST: How the Bank of England’s Latest Stress Test Measures Economic Shocks
The Bank of England’s new BCST stress test introduces a recalibrated approach to measuring financial resilience in reflecting IFRS 9 impacts and a softer, more realistic stress pathway. What does this mean for lenders and the wider economy? Discover how Oxford Economics extends the BoE’s guidance into a global scenario to help businesses stay prepared for the next downturn.
Find Out More
How the sectoral mix of UK jobs is changing and what it means
We expect UK employment will dip slightly in the second half of this year, as job cuts in lowerpaid parts of the private sector more than offset continued solid public sector job creation.
Find Out More
The US immigration surge comes to an end
The net immigration into the US has slowed more abruptly than anticipated in the early days of Trump's second presidency. Could this be the start of a new chapter in US immigration?
Find Out More
FOMC minutes – Recent events underscore Fed’s cautiousness
Fed officials remain cautious amid rising inflation and ongoing policy uncertainty. The latest FOMC meeting highlights the challenges facing the US economy and the Fed’s careful approach to managing risks. How will these factors shape the economic outlook moving forward?
Find Out More