Home News African Countries with the Lowest Unemployment Rates in 2024: A Look at the Top Performers
News

African Countries with the Lowest Unemployment Rates in 2024: A Look at the Top Performers

295

Amidst the challenge of unemployment in Africa, governments have implemented various initiatives to address the issue, but their impact remains limited due to the continent’s growing population. Last year, African leaders convened in Dar es Salaam and adopted a seven-point declaration to address the severity of the problem.

Unemployment affects countries of all sizes across the continent. South Africa, with an unemployment rate of 32.1%, leads the list, followed by Djibouti at about 28% and Eswatini at 25%.

Despite these challenges, some African countries have made significant strides in reducing unemployment. Economic reforms, increased investments in key sectors, and the emergence of new opportunities have contributed to this positive shift.

Countries with low unemployment rates experience several economic benefits. Increased employment leads to higher consumer spending, improved confidence, and greater demand for goods and services, resulting in economic growth.

According to Statista, Niger leads with the lowest unemployment rate at 0.49%, followed by Chad at 0.98% and Benin at 1.28%. Other countries with low unemployment rates include Madagascar, Côte d’Ivoire, Tanzania, Mali, Senegal, and Liberia.

Read more: “Anikulapo” Netflix Series Premieres in Lagos Ahead of March Release

About The Author

Related Articles

NIMC Nigerians
News

NIMC Instructs Nigerians to Pay for New National ID Cards As FG Lacks Funding

The National Identity Management Commission (NIMC) has announced that Nigerians will have...

FinanceNews

Burkina Faso Introduces New Mining Regulations to Boost Revenue and Limit Foreign Exploitation

Burkina Faso’s Council of Ministers has finalised the legal framework of the...

Niger Gold Dan Issa
News

Niger: Government Reopens Dan Issa Gold Mining Site 3 Years After Mine Collapse

The Nigerien government has officially approved the exploitation of a gold mine...

News

Thugs Reportedly Linked to MC Oluomo Disrupt Bus Conductors Association Event in Abuja

Thugs disrupted the inauguration of the Bus Conductors Association of Nigeria (BCAN)...