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Africa stands at a critical juncture in its history, with a rapidly growing youth population that presents both challenges and opportunities. As the continent grapples with pressing issues such as food security and economic development, it is crucial to harness the potential of this demographic dividend to achieve inclusive growth. By empowering Africa’s youth and creating an enabling environment, we can transform the continent’s food systems and unlock its economic potential.
The 7th EU-Africa Business Forum (EABF22) took place online from 14th to 18th February 2022 and in a hybrid format on the 16th and 17th of February 2022, at The Square, in Brussels (Belgium). The Forum was jointly promoted and sponsored by the European Commission and the African Union Commission and organized in partnership with the Pan-African business organizations Africa Business Council, Pan African Chamber of Commerce and Industry, AfroChampions, Business Africa, and the PanEuropean business organizations Business Europe, European Business Council for Africa and the Mediterranean, Eurochambres and European Entrepreneurs CEA-PME.
The African government's economic crisis over the Covid-19 Pandemic equals (1 to 7)% of their GDP, contributed by African Governments deploying fewer funds and measures for high-quality recovery. At The Youth Café, we believe that there is a need for financial education. This will increase unlocking finance to build forward better from COVID-19 and accelerate delivery on Sustainable Development as intended: To identify effective measures to address the overarching challenge of mobilizing adequate and sustainable finance to invest in sustainable recovery from the COVID-19 crisis and accelerate the implementation of the 2030 Agenda and Agenda 2063. To identify and articulate the financing needs and provide high-level insights on opportunities to mobilize finance, focusing on the role of the Liquidity and Sustainability Facility designed and launched by ECA and partners.
In the Facebook Live discussion “Making Sound Financial Decisions,” hosted by the U.S. Embassy in South Africa, Zibu MaSotobe, an author, international speaker and businesswoman, spoke to the importance of financial literacy, both within the country and across the continent, before taking audience questions about saving, investing and preparing for the future. The following are her recommendations for others looking to better manage their finances now and for years to come.
