.
Africa’s demographic dividend presents great investment potential and returns for Indian business and for the Africans: vacancies in Africa.
The continents median age is only 18. This means millions for customers for the mobile industry, for internet and broadband in particular. Millions of customers in Africa use phones as mobile ATMs.
The fact that Africa is projected to grow to 2 billion by the end of the decade from the current 1.1 billion has prompted a leading Indian telecom operator to invest billions in Africa, while providing jobs in Africa for the local youth.
Africa needs to focus on providing vocational education to much larger numbers of locals. Local talent can be tapped and given a chance to develop a career in Africa, instead of having to employ expatriates.
Initiatives such as Indiafrica are social media projects to where the young from both regions to engage with each other and unleash their creative energies, and to increase awareness about each other.
India’s trade with the African continent is now $60 billion and increase trade can only mean many more jobs in Africa.
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