Though current and historic issues persist that impact high unemployment – Africans are more educated, more skilled and more eager than ever to join the workforce. Approximately 20 million young Africans join the workforce every year. Africa also has a combined population of 1.3 billion people with an average age of 19 and at least 70% under the age of 30 within sub-Saharan Africa – which makes Africa the region with the youngest population in the world.
Younger populations means more global awareness, consumption of global content & thus globally integrated. A globalized youth in turn provides a key demographic of workers who are culturally aligned to the western world – Africans especially are highly multilingual with around 237 million English speakers overall in Africa along with German, French, Italian & Spanish speakers. Couple these two factors with a population that is increasingly digitally capable and reliant (an expected 5.5 billion will have mobile internet access in 2025) and you have a market with enormously untapped potential. Some key figures that exemplify the various benefits and potential within the region:
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