Nine SADC mem­ber states dis­cuss good gov­er­nance

The Pak Banker - - Front Page -


Africa's strat­egy for hu­man cap­i­tal should fo­cus on Africa's youth who do not have ba­sic ed­u­ca­tion and the un­em­ployed be­ing pro­duced at dif­fer­ent lev­els of the ed­u­ca­tion sys­tem. Pri­or­ity needs to be placed on the grow­ing cre­ative sec­tor and en­sur­ing the sus­tain­abil­ity of this grow­ing mar­ket in Africa.

These were some of the re­flec­tions of par­tic­i­pants from Malawi, Mau­ri­tius, Namibia, Le­sotho, Swazi­land, Mozam­bique, Zam­bia, Botswana and Zim­babwe, who met in Pretoria dur­ing a two­day con­sul­ta­tive work­shop on Oc­to­ber 22 and 23, or­ga­nized by the African De­vel­op­ment Bank in col­lab­o­ra­tion with the South­ern Africa Re­gional Cen­tre, to dis­cuss the Bank's new Hu­man Cap­i­tal De­vel­op­ment Strat­egy for 2013-2017.

The work­shop pro­vided open dis­cus­sion and feed­back on the strat­egy's three main pil­lars, namely Skills for Com­pet­i­tive­ness and Em­ploy­ment Op­por­tu­ni­ties; Value for Money and Ac­count­abil­ity in Ef­fi­cient and In­clu­sive Ser­vice De­liv­ery; and Build­ing In­clu­sive and Fi­nan­cial So­cial Sys­tems.

Ad­dress­ing the par­tic­i­pants, AfDB Di­rec­tor for Hu­man De­vel­op­ment, Dr. Agnes Sou­cat said, "Hu­man cap­i­tal needs to be at the core of de­vel­op­ment plan­ners' agenda in all African gov­ern­ments. One of Africa's big­gest chal­lenges is that al­though gov­ern­ments in­vest large sums of money in job cre­ation ini­tia­tives, it still has not had the de­sired im­pact, nor has it achieved the type of growth needed to build an in­clu­sive econ­omy."

The strat­egy is aimed at iden­ti­fy­ing key ar­eas for in­vest­ments in hu­man cap­i­tal and ways to ef­fec­tively use the large amount of do­mes­tic fi­nanc­ing al­lo­cated to the de­vel­op­ment of hu­man cap­i­tal in Africa - with the ob­jec­tive to build, de­velop and re­tain hu­man cap­i­tal in Africa and pro­mote in­clu­sive and green growth for Africa.

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