FINANCE

Employment tops African Leaders’agenda…Charles Boamah

&NewLine;<p>Innovative thinking about Africa’s&NewLine;conventional employment issues is what marks the African Development Bank’s new&NewLine;policy research document &OpenCurlyDoubleQuote;Creating Decent Jobs&colon; Strategies&comma; Policies&comma; and&NewLine;Instruments&comma;” participants heard at the report launch&comma; held 12 September 2019&period;<br>&NewLine;<br>&NewLine;The report elicited strong presentations and a lively debate during the event&NewLine;which took place in the Babacar N’Diaye Auditorium at the Bank’s headquarters&comma;&NewLine;attended by senior management&comma; diplomats&comma; staff&comma; and media representatives&period;<br>&NewLine;<br>&NewLine;The Bank’s Senior Vice President Charles Boamah introduced the issue of&NewLine;employment as being &OpenCurlyDoubleQuote;at the top of the agenda of every African leader”&comma; and&NewLine;said that the report was &OpenCurlyDoubleQuote;the first of its kind in challenging and unveiling&NewLine;some of the misconceptions that many experts have about the nature of&NewLine;under-employment and unemployment in Africa&period;<br>&NewLine;<br>&NewLine;&OpenCurlyDoubleQuote;The report signals the start of some fresh thinking about the nature of&NewLine;employment creation on the continent and clarifies which development strategies&NewLine;and policy interventions are needed for low-income countries in Africa”&comma; Boamah&NewLine;said&period; He went on to predict that the report would &OpenCurlyDoubleQuote;serve as a reference&NewLine;document on employment in Africa for some years to come”&period;<br>&NewLine;<br>&NewLine;Introducing the report&comma; Celestin Monga&comma; the Bank’s Chief Economist&comma; remarked&NewLine;that part of its appeal was in applying innovative thinking to conventional&NewLine;employment issues&period; For example&comma; one problem identified was that domestic&NewLine;economic progress was often assessed by the allocation of public funding to&NewLine;priority sectors or by analyzing the number of reforms carried out to improve&NewLine;the business environment&period; In this context&comma; he observed that several of the&NewLine;world’s top-performing countries had low rankings for the ease of doing&NewLine;business&period;<br>&NewLine;<br>&NewLine;Monga also remarked that the official unemployment figures of many African&NewLine;countries were so unrealistically low that policymakers found it difficult to&NewLine;explain how demand for labor in markets was so buoyant&period; Africa was also the&NewLine;world region with the highest proportion of its workforce in vulnerable&NewLine;employment&comma; which served to hide rather than clarify the essential issue of&NewLine;employment in Africa&period; A new model for measuring employment that related to&NewLine;actual conditions in Africa was needed&comma; he said&period; The report should also be seen&NewLine;as a manifesto for African jobs&period;<br>&NewLine;<br>&NewLine;Finally&comma; he praised the painstaking work of his co-editors&comma; and particularly&NewLine;recommended a focus paper written by Andinet Woldemichael&comma; principal research&NewLine;economist&comma; entitled &OpenCurlyDoubleQuote;The Missing Women in African Labor Markets” in the&NewLine;report&period;&nbsp&semi;&nbsp&semi;<br>&NewLine;<br>&NewLine;In the face of rapidly growing populations and heightened risks of social&NewLine;unrest or discontent&comma; jobless growth was the most serious concern for African&NewLine;policymakers&comma; said Abebe Shimeles&comma; manager in the Chief Economist’s complex&comma;&NewLine;who spoke on the highlights of the report&period; &OpenCurlyDoubleQuote;One problem”&comma; he added&comma; &OpenCurlyDoubleQuote;was&NewLine;already well known &&num;8211&semi; that employment and unemployment needed to be more closely&NewLine;defined in their relative context&comma; a task that had already caused difficulties&NewLine;in other development finance institutions&period; Traditional labour market economists&NewLine;were not capable of accurately defining the particular African employment&NewLine;phenomenon”&period; In addition&comma; he pointed out that the status of the ministries of&NewLine;work or labour in many African countries was often not important enough to be&NewLine;considered as a critical policy sector&comma; reflecting the low priority given to&NewLine;making a serious difference to the continental employment challenge facing all&NewLine;the African countries&period;<br>&NewLine;<br>&NewLine;Following questions from the audience&comma; a small panel briefly discussed the&NewLine;overall issue presented by the report&period; This session of reflections featured&NewLine;Ivorian minister of youth promotion and employment Mamadou Toure&comma; in the government&NewLine;of Cote d’Ivoire&comma; who drew attention to the interconnections that existed&NewLine;around the jobs issue&period; &OpenCurlyDoubleQuote;This cannot be resolved on its own&comma; and certainly not&NewLine;without considering carefully other related aspects&comma; such as skills&comma; education&comma;&NewLine;training&comma; enterprise and social services” he said&period;<br>&NewLine;<br>&NewLine;Professor Tchetche N’Guessan&comma; of the University of Felix Houphouet-Boigny&comma;&NewLine;Cocody&comma; Cote d’Ivoire&semi; and Mr Freddy Tchala&comma; CEO of MTN in Cote d’Ivoire also&NewLine;spoke&comma; discussing different aspects of employment&comma; education&comma; training&comma; skills&NewLine;and government measures for the promotion of youth entrepreneurs&period;<&sol;p>&NewLine;

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