In the next five years Angola’s education sector is expected to be the top driver for job creation.
This was revealed in a report, entitled “Job Creation in Sub-Saharan Africa: Entrepreneurs. Governments. Innovation”, which sheds light on which industries are expected to create jobs and give momentum to entrepreneurship in Nigeria, Angola, Ghana and Mozambique and what young Sub-Saharan Africans think about issues such as public policy, corruption, transparency and access to capital.
The report by Forbes Insights and Djembe Communications based its findings on a sample group of 4 000 Africans from Nigeria, Angola, Ghana and Mozambique, of which about 38 per cent believe that Angola’s education sector would produce the most entrepreneurs by 2020, 37 per cent said agribusiness and 35 per cent believed it would be the country's natural resources.
The study also revealed that half of a 1 000 Angolans aged 16 – 40 believe that entrepreneurs play a vital role in the development of their nation as they create jobs.
The best way to create jobs in Angola is by narrowing the skills gap and an increase in access to education had 48 per cent of young Angolans in agreement, followed by 33 per cent saying it was possible through advancements in technology and 31 per cent through entrepreneurship.
“It is crucial that Angola fosters an environment that promotes the spirit of entrepreneurship, and I am convinced that this is a vital contribution in promoting a modern corporate culture amongst our entrepreneurs, as well as instilling an attitude that will drive job creation and accelerate our economic diversification.” said H.E. Dr. Abrahão Gourgel, Angolan Minister of Economy.
According to the study over 50 per cent of young Angolans expressed an interest in starting their own businesses but are deterred by corruption and a lack of business transparency in their country. Over 40 per cent are demotivated by inadequate access to education and skills.
“These trends indicate that young Angolans are increasingly calling for a stronger education infrastructure to lower the skill gaps and level the playing field so that they may access the jobs currently filled by expatriates or start their own businesses,” said Mitchell Prather, Managing Director of Djembe Communications at the event.