Pulse.com.gh logo

Economy prospects Africa must create jobs for its next generation - Obama

According to Obama, economic relationships cannot simply be about other countries building infrastructure with foreign labor or extracting Africa’s natural resources

  • Published:
US President Barack Obama play

US President Barack Obama

US President Barack Obama has urged the continent's leaders to prioritize creating jobs and opportunity for the next generation of young people or risk sacrificing future economic potential to further instability and disorder.

He said the "urgent task" of generating jobs for a population that is expected to double to around 2 billion people in the coming decades will be "an enormous undertaking." But he said it can be achieved with U.S. help.

In his speech at the  African Union Headquarters in Addis Ababa, Ethiopia to mark the end of a five-day visit to Africa, President Obama said “Economic relationships cannot simply be about other countries building infrastructure with foreign labor or extracting Africa’s natural resources.  Real economic partnerships have to be a good deal for Africa - they have to create jobs and capacity for Africans.  That’s the kind of partnership America offers.”

"Africa will need to generate millions more jobs than it is doing now," Obama said in a speech to the entire continent delivered from the headquarters of the African Union, a member organization of African nations. "And time is of the essence."

"Alongside high-tech hubs of innovation, many Africans are crowded into shanty towns without power or running water - a level of poverty that’s an assault on human dignity," he said.

"The choices made today will shape the trajectory of Africa and therefore the world — for decades to come," said Obama, who is seen by the people of Africa as one of their own. It was the first speech to the AU by a sitting American president.

Obama also called on Africa's leaders to make their countries more attractive to foreign investment by cleaning up corruption, upholding democratic freedoms, supporting human rights, and willingly and peacefully leaving office when their terms expire.

"Here in Africa, corruption drains billions of dollars from economies - money that could be used to create jobs and to build hospitals and schools.  And when someone has to pay a bribe just to start a business or go to school or to get an official to do their job - that’s not “the African way” - it undermines the dignity of the people you represent.” he said.

Do you ever witness news or have a story that should be featured on Pulse Ghana?
Submit your stories, pictures and videos to us now via WhatsApp: +233507713497, Social Media @pulseghana: #PulseEyewitness & DM or Email: eyewitness@pulse.com.gh.

Recommended Articles

Recommended Videos

Top Articles

1 Breaking Otabil finally breaks silence on banking controversiesbullet
2 Investment banks in Ghana Top 5 investment banks in Ghana and why you...bullet
3 Nana Appiah Mensah Menzgold boss apologises to BoG after Twitter rantbullet
4 Banking Crises Sahel Sahara and Omni Bank become latest to mergebullet
5 Capital Bank Collapse Here are the roles of a non-executive...bullet
6 Increment Fuel prices to go up again – IESbullet
7 Bank Collapse Capital Bank Board misused GHC 610 million...bullet
8 Education Top 5 private high schools in Ghana according to...bullet
9 Collapsed Banks Here are the auditing firms for the 7...bullet
10 Banking In Ghana Stranded customers of First Allied...bullet

Top Videos

1 Former Capital Bank staff grills pork for survivalbullet
2 Forbes 2018 Africa's billionaires rich listbullet
3 Money Alert Meet Africa's richest womanbullet
4 New Discovery Ghana discovers new mineral, lithium in commercial...bullet
5 Plane Crash Starbow suspends operations following plane crashbullet
6 Support Finance minister buys Kantanka carbullet
7 Dr Joseph Siaw Agyepong Nobody can collapse my company – JOSPONGbullet
8 New Phones Nokia MWC 2018 Event in 5 minutesbullet
9 Tech 6 reasons you should buy an iPhone SE instead of...bullet
10 New Phone Nokia’s MWC 2018 event in 7 minutesbullet