A group of companies has rolled out
an initiative to create at least 200,000
jobs within the next five years.
This move is to empower the youth.
The companies that comprise
Barclays Africa, Emerging World,
FranklinCovey, Knod, Microsoft,
Safal Group and Syngenta also
target to support 50,000
entrepreneurs in Africa.
Through the AfricaWorking
initiative launched on Tuesday, the
companies seek to channel the
collective power and voice of the
private sector to make an impact on
employability and entrepreneurship
in Africa starting in Kenya and
South Africa.
The initial platforms will leverage
YouthWorks – a Microsoft
entrepreneurship platform linking
youth to career guidance,
internships and entry-level job
opportunities, and an employability
platform powered by Knod.
AfricaWorking members will use
this platform to create their talent
pipeline and shape the skilled
employees when and where they
need them.
Unemployment is a major challenge
that affects youth across Kenya.
Approximately 800,000 young
Kenyans enter the labour market
every year and youth
unemployment is estimated to be as
high as 35%, compared to the
overall national unemployment rate
of 10%.
Furthermore, 80% of unemployed
Kenyans are below 35 years old.
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