This is how Africa can solve the youth unemployment crisis.

Africa is no doubt blessed with so many resources. And yet, this huge untapped wealth hasn't translated into tangible benefits for the common man on the African streets. The most affected of this have been the youth. How do African governments solve the youth unemployment crisis?

African governments must make it easier to register businesses. It takes many days to register a business, and this scares away many investors. Also, currently, many businesses are outside the formal sector, and this just makes it hard for their governments to capture this wealth. According to Peruvian economist Hernando De Soto, there is about ten trillion dollars of idle wealth that has not been brought to the mainstream economy. If we formalize these businesses, then we could bring these businesses to the formal economy, and what's more, such businesses will be able to borrow against their assets and expand.

Secondly, African youth must be equipped with the right skills so that they can translate the skills learnt in school to the workplace. Employers are complaining that it is becoming harder to get skilled graduates, and they have to spend enormous resources to train new workers. According to a 2013 PWC survey of African CEOs, business leaders cited the lack of talent as the most portent threat to their businesses. This is why experience so often trumps education and credentials in the workplace. By having an innovative education system, we will be able to impart the students with the right skills, and they shall be able to transfer this to the workplace.

Overall, youth unemployment really constitutes a grave danger for Africa. It cannot be that six of the ten fastest growing economies in the world are in Africa and yet the continent still grapples with high levels of youth unemployment. Youth who do not have jobs take longer to start families, and they experience higher divorce rates. Ultimately, a country with a high youth unemployment experiences high levels of instability, something that African countries could do well to avoid.