African Development Bank

The Bank Group 10-Year Strategy of the African Development Bank Group 2024-2033 rests on a foundation of optimism about Africa’s potential to transform societies, economies, and the lives of the people of the continent for the better. Over the past two decades, Africa has got many of the fundamentals right, enjoying its most sustained period of economic growth and bringing about steady improvements in people’s lives. Over the next decade, Africa can create sustained growth, drive transformation, and contribute towards critical global solutions. Its progress will be driven by its unique assets: a young and dynamic workforce, growing urban consumer markets, integration of national economies, huge clean energy potential and extensive natural resource wealth. Africa’s population is the youngest and fastest growing in the world presenting the continent with an unparalleled demographic window of opportunity. By 2030, the continent will have 477 million young people between the ages of 15 and 35, constituting a potential workforce for transforming Africa and the world. The Strategy outlines the vision of an Africa that is prosperous, inclusive, resilient and integrated. This vision is supported by twin strategic objectives: accelerating inclusive green growth and driving prosperous and resilient economies. While pursuing these twin objectives, the Bank will ensure sustainability by balancing the environment, equity, and economy. The mission of the Bank adopted 60 years ago remains relevant – to promote the sustainable economic development and social progress of regional member countries, both individually and jointly. Meeting the needs of regional member countries remains the Bank’s core focus. The Bank’s primary contribution to this vision and mission is its High 5 operational priorities, which combine the critical priorities outlined by African countries with the Bank’s core strengths as a partner in delivering high-quality, transformative investment projects and programmes.