We value your privacy

We use cookies to enhance your browsing experience, serve personalized ads or content, and analyze our traffic. By clicking "Accept All", you consent to our use of cookies. Cookie Policy

Customize Consent Preferences

We use cookies to help you navigate efficiently and perform certain functions. You will find detailed information about all cookies under each consent category below.

The cookies that are categorized as "Necessary" are stored on your browser as they are essential for enabling the basic functionalities of the site. ... 

Always Active

Necessary cookies are required to enable the basic features of this site, such as providing secure log-in or adjusting your consent preferences. These cookies do not store any personally identifiable data.

No cookies to display.

Functional cookies help perform certain functionalities like sharing the content of the website on social media platforms, collecting feedback, and other third-party features.

No cookies to display.

Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics such as the number of visitors, bounce rate, traffic source, etc.

No cookies to display.

Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.

No cookies to display.

Advertisement cookies are used to provide visitors with customized advertisements based on the pages you visited previously and to analyze the effectiveness of the ad campaigns.

No cookies to display.

ADVERTISEMENT
Africanian
  • News
  • News 24/7
  • Politics
  • Business
  • Health
  • Sports
  • Travel
  • World
    • US
    • Russia
    • Europe
    • Asia
    • America
  • Events
No Result
View All Result
Africanian
No Result
View All Result
Home Business

DRC: African Development Bank Unveils Ambitious 2023-2028 Country Strategy Paper Focused on Industrialization and Employment

In pursuit of the second priority, the Bank will actively contribute to governance reforms and skills development, focusing on empowering youth for employability and entrepreneurship.

in Business, News
Reading Time: 2 mins read
0 0
0
DRC: African Development Bank Unveils Ambitious 2023-2028 Country Strategy Paper Focused on Industrialization and Employment
0
SHARES
Share on FacebookShare on TwitterShare via Whatsapp

 

AfDB Group aims to drive inclusive and sustainable structural transformation in the DRC through targeted initiatives

The Board of Directors of the African Development Bank Group (AfDB Group) convened on 17 January 2024 in Abidjan to give the nod to the 2023-2028 Country Strategy Paper (CSP) for the Democratic Republic of Congo (DRC). This strategic document, aimed at reducing fragility and fostering inclusive development, sets its sights on the twin goals of industrialization and job creation, with a strong emphasis on gender balance.

Key Objectives: The CSP outlines two major priorities. Firstly, it underscores the need for sustainable infrastructure to bolster agricultural and industrial value chains. Secondly, it highlights the importance of enhancing human capital and improving the business climate to drive social inclusion and stimulate private sector growth within the DRC.

Inclusive Agricultural Development: To address the first priority, the AfDB commits to supporting the development of value chains in critical agricultural sectors, including cassava, maize, soya, and rice. This initiative aims not only to create jobs but also to reduce food insecurity and the country’s reliance on food imports. The Bank will also play a role in transport projects, connecting production regions with markets through a blend of infrastructure and related works. In the energy sector, public-private partnerships will be promoted, and a partial risk guarantee will be provided for the construction and operation of a 118-megawatt power plant.

More

In Tanzania, the Kibuka community has improved their household economy by more than 50%.

Lesotho increases blood collection by 70% between 2017 and 2024

Nigeria accelerates economic transformation with key reforms and signs of recovery

View also: 

Human Capital and Business Climate Improvement: In pursuit of the second priority, the Bank will actively contribute to governance reforms and skills development, focusing on empowering youth for employability and entrepreneurship. Key targets include enhancing the qualification and employability of young people, facilitating access to financing, and fostering an improved business climate. Governance efforts will concentrate on capacity building for professional insertion in value chains and bolstering local governance of decentralized territorial entities.

Strategic Consultation and Implementation: Serge N’Guessan, AfDB Director General for Central Africa, emphasized the thorough and consultative process behind the creation of the Country Strategy Paper. Leveraging past successes, the document envisions further structural transformation to diminish fragility in the region.

View also:

Current Portfolio and Commitments: As of September 30, 2023, the Bank’s active portfolio in the DRC comprised 27 operations (21 national and 6 regional) amounting to a cumulative commitment of USD 1.45 billion.

Source: AfDB
africanian

africanian

Africanian News

  • Trending
  • Comments
  • Latest
Rwanda combines youth innovation and circular economy to build a resilient nation

Rwanda combines youth innovation and circular economy to build a resilient nation

July 3, 2025
Weather in South Africa: Climate and Seasons

Weather in South Africa: Climate and Seasons

August 25, 2020
7 Tracks, 1 Future: AfriLabs Annual Gathering 2025 Sets the Stage for Africa’s Innovation Renaissance

7 Tracks, 1 Future: AfriLabs Annual Gathering 2025 Sets the Stage for Africa’s Innovation Renaissance

June 25, 2025
In Tanzania, the Kibuka community has improved their household economy by more than 50%.

In Tanzania, the Kibuka community has improved their household economy by more than 50%.

July 11, 2025
Lesotho increases blood collection by 70% between 2017 and 2024

Lesotho increases blood collection by 70% between 2017 and 2024

July 8, 2025
Nigeria accelerates economic transformation with key reforms and signs of recovery

Nigeria accelerates economic transformation with key reforms and signs of recovery

July 7, 2025
Twitter Instagram Youtube Facebook
No Result
View All Result

Africanian News

Is a dedicated project aimed at amplifying the voices of the African Ecosystem and Diaspora. We actively collaborate with initiatives to improve access to education and digital inclusion, both in traditional schools and through digital platforms, for African children.

It’s crucial to emphasize that none of the articles or images featured on our platform are intended for copyright infringement, neither now nor in the future. If you believe that any information, text, image, etc., may be subject to copyright and should be removed, please notify us by sending an email to info@africanian.com

Your dreams matter; your stories matter.

Feel free to explore collaboration opportunities with us. Share your articles, thoughts, interviews, experiments, or no-comment videos by reaching out to info@africanian.com. You can also subscribe to our mailing list to receive the latest updates from Africanian News.

© 2024 Africanian News: From Africa, by Africans, for Africa, and friends of Africa.

No Result
View All Result
  • News
  • Politics
  • Business
  • Health
  • Sports
  • Entertainment
  • Tech
  • Travel
  • World

© 2024 Africanian News: From Africa, by Africans, for Africa, and friends of Africa.

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Log In

Sign In

Forgot password?

Don't have an account? Register

Forgot password?

Enter your account data and we will send you a link to reset your password.

Back to Login

Your password reset link appears to be invalid or expired.

Log in

Privacy Policy

Accept

Add to Collection

  • Public collection title

  • Private collection title

No Collections

Here you'll find all collections you've created before.