Everlytic is set to redefine customer communication with its revolutionary AI Studio, using WhatsApp for seamless chatbot interactions. The company, South Africa’s most trusted…
Everlytic is set to redefine customer communication with its revolutionary AI Studio, using WhatsApp for seamless chatbot interactions. The company, South Africa’s most trusted…
Everlytic is making it easier than ever before to streamline customer touchpoints by delivering automated messages across multiple channels. This comes as South Africa’s…
Huawei successfully launched its All-Optical Intelligent home showcase on the sidelines of the Africa Tech Festival in Cape Town. Powered by Huawei’s latest Fiber…
Savant is proud to announce the launch of Savant Build Cohort 3, set to begin in April 2025. This accelerator programme will continue to…
AWS’s investments in Sub-Saharan Africa are reshaping the region’s digital landscape, laying the groundwork for innovation, and addressing critical gaps in technology adoption and…
Simplicity is often undervalued in leadership, but Jonathan Allen, Director of Enterprise Strategy at AWS, believes it is central to modernisation and agility. “Complexity…
Microsoft today announced the general availability of the all-new Surface Pro and the all-new Surface Laptop to empower users in South Africa to unlock…
Honor introduced its latest foldable device, the Honor Magic V3, at IFA in Berlin. It is expected to be available in the South African…
Guinness World Record holder Bryan Berg, alongside Honor, will attempt to build the tallest house of cards in eight hours without using any glue….
GM no longer believes in the business case for robotaxis. After investing $10bn the Cruise self-driving car company, with the promise of significant future…
CHARGE has commissioned the first of its impressive off-grid EV charging stations in the North West. Located on the N12 between Klerksdorp and Wolmaransstad,…
eActros 300 is an EV truck that can potentially move most of what South Africans need more efficiently. But how much cheaper is it…
The Unemployment Crisis in Africa
Africa XYZ, a UK and Rwanda-based Pan-African technology company, addresses the pressing issue of unemployment in Africa through its visionary initiative, the Vision 2030 Fund I. The CEO, Anderson Anonzo, voices deep concern about the current crisis, citing statistics from the African Development Bank that position Africa with the highest global unemployment rate. Anonzo emphasizes the urgency and challenges faced by Africa’s youth, highlighting the continent’s youthful population with a median age of 19.7 years. Despite this demographic advantage, a significant portion of Africa’s youth struggles with unemployment. Anonzo draws attention to the alarming statistics from 2015, indicating the need for immediate and sustainable solutions.
Anonzo emphasizes that Africa’s youth unemployment is not confined to the continent; it is a global issue. The repercussions of youth unemployment extend beyond Africa’s borders, impacting global development, business climates, and contributing to challenges such as mass migration, poverty, and inequality.
Africa XYZ’s Vision and Approach
Anonzo shares Africa XYZ’s vision of financing the training and job creation of 300 million youths by 2030. To realize this vision, the company introduces the innovative ‘Talent Identification Card’ and outlines its commitment to building strategic partnerships with global businesses, governments, and institutions.
The ‘Talent Identification Card’: A Transformative Solution
Africa XYZ introduces the ‘Talent Identification Card,’ a pioneering solution designed to identify, evaluate, train, and provide job opportunities to 300 million youths. This ambitious initiative will be executed through a network of 25,000 Talent Hubs, serving as crucial touchpoints for talent distribution across countries.
Strategic Investment for a Brighter Future
Anonzo details the comprehensive investment plan, allocating $1.5 billion to establish 25,000 Talent Hubs. These hubs will play a vital role in the distribution of ‘Talent Identification Cards’ across countries. Additionally, a substantial $1 billion lending initiative targets startups and companies dedicated to training the youth, aligning their skills with market demands.
Vision 2030 Fund II: A Glimpse of the Future
Anonzo provides a glimpse into the future with the forthcoming Vision 2030 Fund II, a monumental $150 billion fund. This second phase aims to benefit 3 million aspiring entrepreneurs, startups, and well-established businesses, reinforcing Africa XYZ’s commitment to sustainable growth and expansion.
Africa XYZ’s Vision 2030 Fund I emerges as a beacon of hope, offering a transformative pathway for the youth of Africa and its Diaspora. Through strategic investments and innovative solutions, the company envisions a brighter tomorrow for millions, shaping the landscape of opportunities in the years to come.
Savant is proud to announce the launch of Savant Build Cohort 3, set to begin in April 2025. This accelerator programme will continue to…
AWS’s investments in Sub-Saharan Africa are reshaping the region’s digital landscape, laying the groundwork for innovation, and addressing critical gaps in technology adoption and…
Simplicity is often undervalued in leadership, but Jonathan Allen, Director of Enterprise Strategy at AWS, believes it is central to modernisation and agility. “Complexity…
In its infancy, the internet was a curiosity — a novel way to share ideas, often dismissed as little more than a platform for…
© Memeburn 2024, a Burn Media publication.
No article may be published or reproduced without prior written permission from Memeburn.
To improve your experience, deliver personalised content and advertising. Find out more by reading our cookie policy.
AcceptSign up to our newsletter to get the latest in digital insights.
By signing up for this email you agree to receive the latest info from Burnmedia Group.
Learn more via our Privacy Policy.