Africa’s Growing Youth Population And Human Capital Investments

This week, the Bill & Melinda Gates Foundation released its annual Goalkeepers survey, which tracks the progress toward achieving the United Nation’s Sustainable Development Goals. This model targets the impact of development of young populations on the near future. Looking at several indicators, the statement studies development leads predicated on potential scenarios: progressing, regressing, or keeping the position quo.

The report expresses that by 2050, 86 percent of the world’s extreme poor will live in sub-Saharan Africa, amplified by populace growth notably. Even with a reduction in the share of the indegent, the aggregate number of poor people will probably remain relatively high. This post explores the growth of Africa’s young population and the necessity for human capital investments.

As seen in Figure 1, by 2050 Africa’s young populace, i.e., those aged between 0 and 24 years of age, will increase by 50 percent nearly. In 2050, the continent will have the largest number of teenagers, making up twice the young population of South Asia and Southeast Asia nearly, East Asia, and Oceania. As young people are established to symbolize an important talk about of the continent’s inhabitants the record warns against the potential risks that can occur if the young populace is not given the opportunities had a need to improve their lives. The statement states that buying human being capital has been pivotal in the success of growing economies and urges African countries to seriously consider bolstering individual capital investments.

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