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Wednesday, 01 July 2015

African agribusiness to provide jobs for youth

African Development Bank (AfDB) 50th Annual Meetings  agribusiness and youth took centre stage. Experts deemed that agri-business has the potential to create jobs for the millions of African youth who are jobless even after graduating with good degrees.  According to statistics by Geraldine Fraser-Moleketi, the AfDB Special Envoy on Gender, agriculture is the continent’s untapped goldmine. For starters, the continent, it was heard, has about 60 percent arable land with between 60 and 70 percent of its population employed in the agricultural sector, which contributes up to 70 percent of most African countries’ Gross Domestic Product (GDP).  It was also heard that at least 17 million young people enter the job market every year and that agri-business has the potential to single-handedly provide them with jobs if only the right policies are put in place by those with the means. Another key statistic highlighted was that of 70 percent of African women that find themselves employed in agriculture at a survival level. These women, Moleketi said, need to be supported to earn more sustainable livelihoods from their activities.