Persistent mismatch and imbalances between demand and supply of skills contributes to costly economic inefficiencies. This includes inadequate preparation of young people to transition from education to productive employment, underuse of existing skills in the work place, and limited portability of skills and qualifications across countries, regions and the continent.
In African countries, skills development does not match market requirements, leading to a shortage of skilled workers and unemployment. Market change drivers can accelerate economic development and increase output and income in high growth sectors. Human capital development also needs to be globally competitive. African decision makers need skills initiatives that respond to the labour market and improve employment prospects for young Africans.