New Tool Tracks Africa's Youth Job Growth

Aug 18 , 2024


A new tool to monitor and forecast youth job growth across Africa until 2030 was launched last week. The African Youth Employment Clock (AYEC) provides real-time data on job creation and employment trends, broken down by employment status, industry, and other key categories. Developed by the World Data Lab in partnership with the Mastercard Foundation, with support from the National Bank of Ethiopia, the Ministry of Innovation & Technology, the Ministry of Planning & Development, and the Ethiopian Statistical Service, AYEC leverages data from national statistics offices, the International Labour Organisation (ILO), and the International Institute for Applied Systems Analysis (IIASA). By providing policymakers, researchers, and stakeholders with valuable insights, AYEC aims to contribute to creating dignified and fulfilling jobs for 30 million young Africans by 2030. With Africa's youth population set to increase by nearly 100 million by then, addressing youth unemployment is a critical challenge. Wolfgang Fengler, CEO of the World Data Lab, underlined, that Africa's young population represents a unique demographic opportunity. “If we exclude Africa, the world is running out of young people,” he said.


Radar

Dashen Bank Rolls Out Mobile Payment Solution

Dashen Bank has introduced a new digital payment service that allows customers to pay for fuel with ease using the Dashen Super mobile app. The service was officially launched on May 13 and is now available at every fuel stations. According to the bank, the Dashen Super app enables users to make payments in just three clicks, offering a fast and convenient alternative to traditional payment methods. Dashen Bank announced that it plans to expand the service across all fuel stations in the coun...


Radar

Four Key Agreements Passed in Parliaments 29th Regular Session

In its 29th regular session of the fourth year, Ethiopia's 6th Parliament approved four key agreements: two loan deals, the establishment of a finance corporation, and an air transport agreement. Assistant Minister of State for Finance, Meseret Haile, introduced the proposed loan agreements and requested they be sent directly to a second reading for discussion and approval. Parliament accepted the request and proceeded with a detailed discussion on the draft proclamations. Members of Parli...


Radar

New Pact Targets Rural Road Links, Food Security Goals

The Ministry of Urban Development and Infrastructure has signed an agreement with several federal institutions to launch a major project targeting rural connectivity and food security. At the signing ceremony, State Minister Yetmegeta Asrat represented the Ministry alongside officials from the Federal Ethics and Anti-Corruption Commission, the Federal Public Procurement and Property Authority, the Environmental Protection Authority, and Helvetas Ethiopia. A separate agreement was also signed...