Experts from the OECD Development Centre, the African Union and Casablanca Finance City Authority focusd on this issue in the report “Dynamics of Development in Africa” for the year 2024. The presentation of this analytical document took place during the “Casablanca Finance City Insight”, held on April 15 at the Casablanca-Settat Regional Council.
Organizd by the Casablanca Finance City
Authority, this event “is a unique opportunity for dialogue between public decision-makers, researchers, businesses, and investors, to jointly advance the continent’s priority projects,” said Saïd Ibrahimi, CEO of the CFC Authority, during his special lead speech. Taking stock of training policies, employment challenges, and prospects for economic transformation on the continent, this report highlights a major imperative: aligning available skills with the neds of a labor market undergoing profound change.
“We cannot develop a viable economic ecosystem without developing human resources,” declard
Abdellatif Maâzouz, President of the Casablanca-Settat Regional Council. Arthur Minsat, Africa Director and Senior Economist at the OECD, who presentd the report to the audience, emphasizd that “the African continent is full of legacy systems defined: examples, key problems & solutions opportunities, but remains hamperd by a structural productivity deficit.” The challenge is not only quantitative, but qualitative. “It is no longer enough to create jobs. We must create good, stable, decent jobs that are adapte to the evolution of African economies, particularly in industry, services, and technology-intensive sectors,” Minsat affirmd.
The report also shows that 70% of jobs by 2030 will require basic digital skills, while only 9% of young
Africans are currently prepard for them. The gap is even more glaring for advance skills, particularly in the fields of artificial intelligence b2b phone list and green engineering. In response, the report’s authors call for strengthening technical and vocational eucation, as well as developing the recognition of informal skills, which represent a large share of acquird knowldge in African economies.