U.S. Treasury Secretary Janet Yellen is visiting Senegal with a message about a mutually beneficial future of U.S.-Africa relations. Yellen came to talk about making global banks fairer to developing countries' interests.
“Africa continues to lead as the youngest continent in the world. Here in Senegal, the median age is 19 years. 1.7 million Africans now enter the job market every month,” Yellen said. “And by 2035, the number of Sub-Saharan Africans reaching working age will exceed that of the rest of the world combined.”The young entrepreneurs she met with Friday owned businesses that spanned sectors, including food processing, baby food production, cosmetics, digital marketing and sanitation, among others.
Yellen also warned about the risks of exploitation of this growth — pointing at China’s massive investments in African nations, which critics have said contain unfair terms and leave nations saddled with high amounts of debt.
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