One billion people, one billion opportunities: AfDB approves its first Human Capital Strategy

The Board of Executive Directors of the African Development Bank Group (AfDB) approved on May 28, 2014 in Tunis the AfDB’s first Human Capital Strategy (HCS). The strategy paves the way for Bank investments in areas such as education, skills development, health, science, technology, innovation, social protection, safety nets and youth employment.

Investing in one billion people in Africa is at the heart of this four-year strategy. This vision is to build skills and make the most efficient use of new technologies to improve competitiveness and create jobs. As the operational framework for the Bank’s newly approved ten-year strategy, the HCS will serve as backbone to support the Bank’s investments in all sectors of development.

The Human Capital Strategy2014–2018 reflects the efforts of a diverse group of experts both inside and outside the African Development Bank. The report was prepared by the African Development Bank Group’s Human Development Department (OSHD).