The African Capacity Building Foundation (ACBF) will launch its new and innovative Strategic Plan 2023-2027 on the 25th of May in Sharm El Sheikh, Egypt, during the Annual Meetings of the African Development Bank Group.
The Strategic Plan 2023-2027 provides a purpose-driven approach to capacity development, with the aim of building the required human capital and institutional strength for transformative change in four priority impact areas, namely Climate Change and Energy for productive use, Agribusiness and Food Sovereignty, Trade as an Engine of Economic Development, and Economic and Social Governance.
The Plan intends to support the efforts of Member Countries in implementing the Second Ten-Year Implementation Plan (STYIP) of the African Union's Agenda 2063 and achieving the United Nation's Sustainable Development Goals (SDGs) by building human capital, effective institutions, and value addition to natural resources.
Throughout the Plan's implementation, ACBF will pay particular attention to 4 cross-cutting issues, namely, improving youth empowerment, enhancing gender equity, boosting digitalization, and strengthening data talent.
The Strategic Plan will be implemented using a unique product offering centered on an Institutional Accelerator Model (IAM) for institution building, the African Capacity Building Academy (ACB-Academy) for skills development, and the Capacity Knowledge Hub for knowledge services.
The 40 African Ministers of Finance, Planning, and/or Economic Development from the Foundation's Member Countries, representatives from the Foundation's Institutional Members, the diplomatic corps, and media personnel are expected to attend the Strategy Launch.
About ACBF
For more than 30 years, the African Capacity Building Foundation (ACBF) has been building human capital and institutional capacity for Africa's sustainable development. With membership from 40 African Countries, the African Development Bank (AfDB), the United Nations Development Program (UNDP), The African Union (AU), and The World Bank. ACBF is the leading institution for capacity development in Africa. While serving all actors, ACBF recognizes the importance of and pays attention to improving the effectiveness of Africa's public sector institutions at local, national, regional, and continental levels to become effective systems integrators and catalyzers of sustainable and transformative change.
Since its creation in 1991, ACBF has trained over 50,000 personnel in civil service, most of whom hold key positions in Ministries of Finance, Planning or Economic Development and Central Banks across the continent. The Foundation has established a network of over 50 think tanks supporting evidence-based policymaking across Africa and conducted numerous policy research/analyses, which have been critical in informing economic management and establishing benchmarks for success.
For more information, contact:
Tsitsi Chakonza on t.chakonza@acbf-pact.org
