Africa Matters

IMF Urges Policy Reforms to Unlock Potential of Africa’s Informal Economy

By Edson Baraukwa | Africa Guardian The informal sector has become a vital part of the African economy, contributing significantly to employment across the continent. The International Monetary Fund (IMF) has emphasized the importance of reforming this sector to address Africa’s growing unemployment challenges. While informal jobs—such as street vendors, small-scale farmers, craftsmen, and independent tradesmen—offer flexible employment options…

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Microsoft, AfDB partner to scale youth employment in Africa

Through its African Transformation Office (ATO), Microsoft will work with the bank’s Youth Entrepreneurship Investment Banks (YEIB) Initiative to develop youth entrepreneurship ecosystems, create jobs and dramatically scale impact in Africa through digital inclusion. The partnership is expected to ease unemployment pressure especially among the youth facing African governments after impact of COVID-19. “We believe much can be done…

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