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Wednesday 16 June 2021
HomeNewsAfDB moves to develop Africa's human capital

AfDB moves to develop Africa’s human capital

The African Development Bank (AfDB) has said developing skills and using cutting-edge technologies to build human capital is at the heart of its new strategy for 2013-2022.

The bank said in a statement made available to PANA here Monday that skills development and building of human capital are aimed at transforming the African continent by creating opportunities for inclusive and green growth.

It also noted that Africa’s health workforce is in crisis in many regional member countries, due to ”deeply rooted problems of outdated curricula, poor remuneration and limited opportunities for career progress for workers especially in rural areas”.

”Creating a new paradigm for Africa’s human capital as the most precious resource is one of the priority of the Bank’s Human Capital Strategy 2014-2018, especially in healthcare sector,” the statement added.

Over the last three years, the bank reportedly supported regional member countries (RMCs) in building their health human capital.

For example, in Uganda, the bank has supported a US$98 million project to transform Mulago Hospital into a centre of excellence in health care service delivery and education and training for students studying health sciences.

”Also, as the Africa’s pharmaceutical industry is experiencing unprecedented growth, the bank has initiated public-private partnerships to help countries invest in skills development for this sector and to build the knowledge base needed to create jobs and sustainable growth,” the statement said.

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