Redefining The African Economy Through Freelancing

One of the major areas that contribute to any economy is employment. And in Africa, it is a challenge that is yet to be solved completely. It is an ongoing conversation where those that are affected the most are trying their best to engage their various leaders on. On the continent, the youth are plagued with unemployment, because the number of them graduating every year does not match the number of jobs available. Both male and females are affected, and with personal and social pressure to be productive, the youth are getting creative and more proactive about their survival. That’s where freelancing comes in: an opportunity for young people to take their future into their own hands and affect their economy for the better.

Freelancing Around The World

Around the world, freelancing is quite popular, with proper recognition as a form of work. This employment option is most prevalent in Europe, with about 35.5% based in that region. Then follow Latin America and Asia, with 29.2% and 29% respectively. Africa occupies about 10% of that community, with the statistic expected to grow in the coming years. Close to 30 million freelancers are doing it long-term and not just as a side hustle, showing that it is adding value to the way people work. About 31% of freelancers earn up to $75,000 a year, making it a great source of income as well.