Africa is on the brink of a demographic transformation, with 300 million new workers set to enter the job market by 2050.
RELATED | B20 South Africa launches with a bold vision for action
The continent’s working-age population is expected to surpass both China and India by 2035, positioning Africa as the next frontier for global economic growth.
For the latest business news, bookmarkÂThe South African website’s dedicated section for free-to-read content
However, despite this unprecedented workforce expansion, current trends indicate that job creation is lagging significantly behind, with available employment opportunities only meeting half of the demand, says Dr Susan Lund from the International Finance Corporation.
The challenge is clear: Africa’s economic boom must translate into sustainable, high-quality job creation.
While foreign direct investment and private capital flows have returned to the continent, investment in skills development, digital infrastructure, and entrepreneurship must accelerate.
The B20 has a critical role to play in addressing this gap.
Business leaders must step up efforts to foster innovation, enhance digital education, and create an enabling environment for SMEs and startups.
AI and automation are reshaping industries, and Africa has the unique advantage of leapfrogging traditional economic models by directly integrating these technologies into its workforce.
The B20 South Africa Launch event will take place in Cape Town on 24-25 February 2025.
Will you be following the B20 Launch Event with keen interest?
Let us know by leaving a comment below, or send a WhatsApp to 060 011 021 1
Subscribe to The South African website’s newsletters and follow us on WhatsApp, Facebook, X and Bluesky for the latest news.
