NAIROBI, Kenya, Sept 30 – Industrialist Vimal Shah has urged University graduates to chart their own paths and become job creators as opposed to job seekers.
Speaking during the 41st graduation ceremony of USIU-Africa, shah noted that graduands who create jobs for themselves get visible results within a short time.
Numerous reports indicate that university graduates suffer from high levels of unemployment and underemployment, sometimes higher than for primary and secondary graduates.
A study conducted by the Federation of Kenya Employers indicated that employers spend between spend between Sh20,000 – Sh100, 000 in retraining fresh graduates.
A large proportion of this fresh training is centered on work and occupation basics, customer service and basic knowledge about the organization.
The UN estimating that the number of youths in Africa aged between 15-24 years will be more than 250 million by 2020.
“The workplace globally is already experiencing significant shifts and economies across the globe must adapt to that change. Most jobs being created are in emerging fields, particularly in the IT sector,” Shah said.
According to the World Economic Forum, four specific technological advances—ubiquitous high-speed mobile internet; artificial intelligence; widespread adoption of big data analytics; and cloud technology—are set to dominate the next four years as drivers positively affecting business growth.
“As more young people continue to enter the job markets, these key areas must innovate in order to stay relevant. These shifts are going to change how we do business in the next five to ten years and we need to invest in these areas,” he added.
Shah pointed out that disruption and innovation will be the enabler as is evident in the global online hailing taxing Uber, the Kenyan based M-Pesa service, the online store Jumia and lots of other e-commerce and e-service platforms.