At Jabulani Youths for Transformation (JAY4T), we are committed to fostering youth-led innovation and entrepreneurship as a pathway to sustainable development in Africa. As part of this mission, we are excited to contribute to the upcoming Annual Africa  Conference on Social Entrepreneurship (AACOSE) 2025, where we will delve into the vital role of the social economy in addressing Africa’s challenges.

Rethinking Development: From Dependence to Collective Ownership

For many years, African nations have relied on external aid and services that often come at a high cost. However, there has been a significant shift towards a social economy, where non-profit organizations and social enterprises prioritize people over profit, reinvest in communities, and embrace collective ownership models. This transformation is crucial in ensuring access to essential services such as healthcare, food, and employment—fundamental pillars of an improved standard of living.

The Social Economy as a Solution to Youth Unemployment

Unemployment remains one of the most pressing challenges faced by Africa’s youth. Limited job opportunities, corruption in hiring practices, and a shrinking job market have made it increasingly difficult for young people to secure decent employment. However, the rise of youth-led social enterprises has demonstrated the power of social innovation in job creation.

Youth across the continent are launching ventures that address societal issues while providing employment opportunities for themselves and their peers. Entrepreneur Support Organizations within the social economy have played a significant role in this movement by offering capital, mentorship, and training to help young innovators succeed. Despite this progress, challenges such as limited infrastructure and restricted market access continue to hinder the growth of youth-led enterprises. More investment in infrastructure and targeted support from established non-profits through advertising and networking will help unlock the full potential of young entrepreneurs.

Investing in the Social Economy for Sustainable Development

The social economy is directly linked to achieving multiple Sustainable Development Goals (SDGs), including No Poverty, Zero Hunger, and Decent Work & Economic Growth. By supporting youth-led initiatives and creating an enabling environment for social enterprises, Africa can drive inclusive economic growth while promoting community-driven solutions. Stakeholders—including governments, funders, and development organizations—must collaborate to invest in youth-driven social innovation and reinforce a solidarity-based economy that benefits all.