AfDB Board Approves New Strategy

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The board of the African Development Bank (AfDB) has approved a new people strategy for the next five years. It was designed to enhance the Bank’s standing as the continent’s premier development institution.

According to a statement, the strategy seeks to tap the Bank’s human capital – its most valuable resource – to deliver, through the institution’s projects, optimal development results for the people of Africa.

“A key management commitment made as part of the 2019 General Capital Increase, the people strategy is designed to: promote a stronger employee value proposition; attract and retain top-notch staff; and raise the Bank’s employee engagement index to 85 per cent or higher by 2025,” it stated.

The broad objectives of the people strategy include building a talented, resilient and diverse workforce with the right skills, attitudes and passion to deliver the best development solutions for Bank clients.

“The strategy also seeks to create a forward-looking workplace, with staff that are equipped with the right tools and technologies, to promote a culture of strong performance and accountability. Furthermore, it aims to enhance collaboration among all Bank stakeholders to achieve the best results for Africa,” it added.

Commenting on the new strategy, Vice President, Corporate Services and Human Resources, Mateus Magala, said: “We are delighted to move forward with the adoption of the AfDB’s People Strategy for the next five years, a period of great challenge as well as great opportunity for the African continent.”