Friday, January 3, 2014

Variant of 'Marshall Plan' can reduce unemployment in Africa

By Tony Elumelu



(Reuters) - To Africa's many challenges, add one more: unemployment.

Unemployment, independent of any other factor, threatens to derail the economic promise that Africa deserves. It is a time bomb with no geographical boundaries: Economists expect Africa to create 54 million new jobs by 2020, but 122 million Africans will enter the labor force during that time frame. Adding to this shortfall are tens of millions currently unemployed or underemployed, making the human

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