Demographic dividend is a term which is increasingly preoccupying discussions among development economists and the donor community in general in Kenya. The term refers to countries with the greatest demographic opportunity for development and those that are ushering in a period in which the working-age population has good health, quality education, employment and a lower proportion of young dependents.

Smaller numbers of children per household generally lead to larger investments per child, freedom for women to enter the workforce and more household savings for old age.

African countries are rightly excited about the prospects of reaping a demographic dividend, based largely on their unrivalled potential of a youthful population. However, whether Africa can reap the benefits of a future demographic dividend will depend on how the continent prioritizes Sustainable Development Goal. In Kenya for instance, one study has estimated that the demographic dividend may not happen before 2055.

In most African countries, including Kenya, high birth rates are weighing down on economic growth as large numbers of under-15 youths need to be supported by a smaller group of workers. Kenya’s fertility rate stands at 3.7 while a rate of 2.5 or less is required to reach the tipping point where the working-age population surpasses the inactive part. Yet, a high working-age population is not the cure-all; the quality of the work force is even more important and how it meets the demands of the market and fits its wider ecosystem.

In my tour of duty, I have over the past four years worked closely with the Kenyan government and non-governmental actors to address some of the challenges, including in the areas of health and food security. The Netherlands strongly believes in the power of partnerships and innovation to ameliorate those bottlenecks.

One of the goals of the Kenyan government, through the UN Development Assistance Framework (2018-2022) is to front-load the realisation of the demographic dividend by prioritising strategic investments in the four key pillars of Employment and Entrepreneurship; Education and Skills Development; Health and Wellbeing; and Rights, Governance and Youth Empowerment.

In September 2017, the government of Kenya announced at the United Nations General Assembly the establishment of the SDG Partnership Platform, to realise Kenya’s vision to achieve universal health coverage. The Platform has since received global recognition from the UN as a promising practice to accelerate SDG financing and impact and has become a flagship programme under Kenya’s new UN Development Assistance Framework 2018-2022.

The Platform supported by The Netherlands was established under the leadership of the government of Kenya, and with support of the United Nations Resident Coordinator’s Office and key private sector partners such as Royal Philips.

As The Netherlands is moving from aid to trade, we strongly believe in the contribution of the private sector in achieving the SDGs and investing in the youthful population. In this context, I am pleased to welcome a health sector trade mission from July 1-3 comprising of leading innovative Dutch companies working on e-health, public health, medical equipment and training seeking partnerships with their Kenyan counterparts.

By advancing shared-value partnerships, Kenya will sustainably create more health, education, and employment opportunities for its young people and offer a safety-net to many.

Indeed, Kenya is on the way to realising its demographic dividend; together, we can make the journey to that goal shorter and Kenya can become a blue print for the rest of Africa.

Source: Media Max

Disclaimer: The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of TradeMark Africa.