An international conference on leadership and wealth creation is underway in the Kenyan coastal city of Nairobi.

The 3rd Africa Governance, Leadership and Management Convention started Monday and is being attended by delegates from more than six countries including various business leaders.

Speakers include former Nigerian President Olusegun Obasanjo, UNDP Africa Bureau head Tegegnework Gettu and Dr Donald Kaberuka, the president of the African Development Bank.

Other speakers include renowned Kenyan industrialist Dr Manu Chandaria, United Bank of Africa Kenya boss Tunji Adeniyi and the chief executive of the Nation Media Group, Mr Linus Gitahi.

It will discuss wealth and job creation on the continent as population growth continues to outpace economic expansion and hundreds of thousands of graduates go jobless.

"We cannot expect that someone else will come and create jobs for Africa unless we do it ourselves. Everyone is tired of the same song about poverty in Africa and we should now change the drum beat,” Mr Obasanjo, who is also the patron of the conference, said Sunday ahead of the official opening of the four-day meeting.

Host Kenya created about 500,000 jobs last year, most of which were in the informal sector, and participants will also discuss the role of African institutions in wealth creation.

The meeting is organised by among others the Africa Leadership Forum and the United Nations Development Program.