The African Export-Import Bank (Afreximbank) has urged African governments to focus on investing in programs that empower young people to help boost the continent’s economy. During the 5th Youth Summit held by the Grand Africa Initiative (GAIN) in Abuja, which focused on “Connecting Africa through Youth Entrepreneurship and Digital Innovation,” Afreximbank President Benedict Oramah emphasized the critical role of Africa’s youth, who make up 60% of the population.
Oramah highlighted the immense opportunities posed by this demographic, describing them as a driving force for economic and social transformation.
However, he also noted major challenges, including lack of access to education, jobs, and support for starting businesses. A recent survey showed that 78% of young Africans plan to start businesses within five years, but they need mentorship, funding, and digital infrastructure to succeed.
Kenyan High Commissioner Isaac Parashina described Africa as the youngest continent, with over 70% of its population under 30, stressing the need for reliable digital systems to connect young entrepreneurs to global markets. He also pointed out that without access to education and support, Africa’s youth cannot reach their full potential.
Chinwe Okoli, the founder of GAIN, talked about her organization’s work in training and guiding young Africans. They teach digital, business, and leadership skills. She encouraged governments and other key players to focus on programs for young people, providing them with the tools and resources they need to innovate, create jobs, and boost the economy.
The speakers all agreed that Africa’s young population is its biggest strength. They believe that supporting and empowering these young people is crucial for boosting the economy and ensuring Africa’s success in the world.
