In Africa, only 4.5% out of the 736.8 million people of working-age are without a job. This is indicated by the International Worker Labour in a report published this week.
The report indicates that 36.6% of the working-age Africans are out of the labour force and 60% have a job. According to the institution, this apparently good figure hides a grimmer fact.
Indeed, most of the working-age population are generally employed in the informal sector with poor quality jobs to support their fundamental needs and escape poverty.
"A sizeable proportion of the employed population is therefore working on arrangements characterized by insecurity, low pay and lack of social protection, i.e. in activities such as own-account work and contributing to family work, which together account for around 68 per cent of total employment in the region”, the report indicates.
Let’s note that less than one worker out of three (27.6%) is salaried. Out of that proportion, North Africa has the highest percentage of the salaried active population with 68.6% against 22.4% for Sub Saharan Africa.
Moutiou Adjibi Nourou
Flutterwave secures Nigerian banking license to offer credit and savings License enables direct d...
BCEAO mandates all financial institutions to complete integration Move aims to ensure seamless, i...
This week, Africa’s health outlook is shaped by mounting supply chain risks tied to global tensions,...
A $147M Novastar Ventures fund backed by major Japanese firms offers co-investment rights int...
EBID aims to allocate nearly 41% of its commitments to environmentally and socially impactful projec...
Parliament approves constitutional reform establishing a vice president New role replaces Senate head in line of succession Move raises...
Seoul seeks new oil supply routes as Hormuz Strait disruptions shake markets Algeria emerges as a key alternative supplier outside high-risk...
Ghana’s Ambassador to Saudi Arabia presented credentials to the Digital Cooperation Organization in Riyadh Discussions focused on fintech,...
FAO food price index rose 2.4% in March, led by sugar and vegetable oils Higher oil prices are driving biofuel demand and tightening food supply...
Sungbo Eredo, located in southwestern Nigeria near the Yoruba town of Ijebu-Ode, stands as one of the most remarkable yet overlooked monuments of...
“Dodji, l’Archet Vodoun” is a documentary about reconnecting with ancestral culture to understand one’s origins, following an initiation ceremony that...