The 10-Year Strategy of the African Development Bank Group 2024-2033 envisions a prosperous, inclusive, resilient, and integrated Africa. The Bank balances environment, equity, and economy to ensure sustainability, focusing on the sustainable economic development and social progress of regional member countries, as outlined 60 years ago.
The Bank’s main contribution lies in its High 5 operational priorities, aligning critical priorities of African countries with the Bank’s strengths in delivering transformative projects:
- Light Up and Power Africa: Accelerate progress towards universal electricity access through clean energy.
- Feed Africa: Enhance food security by transforming agriculture.
- Industrialize Africa: Achieve widespread industrialization by 2033.
- Integrate Africa: Promote free movement of goods, finance, and people, and build regional value chains.
- Improve Quality of Life: Empower Africans, especially women and youth, to fulfil their potential.
EXCLUSIVE INTERVIEW
- How does African Development Bank’s work and activities specifically touch upon e-commerce and the digital economy?
In order to achieve widespread industrialization by 2033 in Africa, the Bank will focus on connectivity infrastructure, digital services, and supporting digital entrepreneurs, while innovating to close the financing gap for digital technology.
The World Bank Group has signed on as co-chair of the Mobilizing Access to the Digital Economy (MADE) Alliance: Africa, joining current co-chairs the African Development Bank Group and Mastercard in an initiative to provide digital access to critical services for 100 million individuals and businesses across Africa by 2034.
