World Bank President Ajay Banga has unveiled an ambitious $85 billion investment plan aimed at capitalizing on Africa’s youthful population, which represents one of the continent’s greatest assets. The initiative seeks to address critical gaps in education, job creation, and skill development.
With Africa’s youth population projected to account for nearly 40% of the world’s workforce by 2100, the plan emphasizes fostering innovation and entrepreneurship to drive economic growth. The initiative also highlights the importance of public-private partnerships to create sustainable opportunities, tackle unemployment, and ensure inclusive development.
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The World Bank is looking to collaborate with global leaders and stakeholders to secure the funding required for this transformational program. Ajay Banga underscored the urgency of addressing Africa’s demographic challenges, turning them into opportunities for global economic advancement.
Stay tuned for updates on how this funding will shape Africa’s future.
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