THINK Solutions

September 22, 2020

By 2030, 100 million young Africans are expected to join the labour force considering that employment is a leading pathway out of poverty for majority of African families. However, high unemployment rates remain a challenge youngest and fastest-growing continent in the world. In terms of employment, there is a paradigm shift; from the formal white-collar jobs to enterprise start ups and self employment. In spite of the shift, there is lack of confidence to start  enterprises, to finance strategies amidst high interest rates and to cultivate business skills that enhance growth.

The Fourth Industrial Revolution and the rapid pace of digital technology are also shifting the nature of work in the global economy such that there is a need for organizations to adapt in order to offer relevant services.

At Equip Consulting Group, we offer services that develop the business acumen of entrepreneurs including youth in building sustainable business models that create employment and include the poor. Further, our services  build the capacity of organizations to adapt to the changing nature of work. Equip Consulting Group offers more than a service, but grows with its clients in offering practical solutions in the changing world.

About the Author(s)

Kesten Mulosola is director of research and economics in McKinsey’s London office. The author wish to acknowledge Saïd Business School professor Jan-Emmanuel De Neve for his contributions to the development of this article.

Matilda Kayira is is a senior partner in the Philadelphia office.