ACBF

A Specialized Agency of the African Union

COVID-19 Corner                  Support Our Work

Home | What We Do | How We Do It | Knowledge Learning | Working Papers | Capacity Building and skills Development as Prime Mechanisms for Africa's Socio-Economic Transformation: Lessons from ACBF;s Interventions

Capacity Building and skills Development as Prime Mechanisms for Africa's Socio-Economic Transformation: Lessons from ACBF;s Interventions

By: 
Léautier, Frannie A. ; Kararach, George; Guvheya, Gibson; Hanson, Kobena
Publisher: 
ACBF
Date of publication: 
2010

This paper draws on the extant literature and experiences of selected ACBF-supported interventions to examine the importance of capacity building and skills development for Africa’s socio-economic transformation. There is now ample agreement that individual skills (human), organizational and institutional capital are key variables for economic growth, poverty reduction and long-term socio-economic transformation. With globalisation and the transition to knowledge economies where knowledge is a key driver of international competitiveness, knowledge generation is taking place at a rapid pace as well as becoming obsolete quicker, making capacity development vital — especially to allow for the exploitation and utulisation of experiential knowledge, intellectual capital and indigenous knowledge assets. Investing in human, organizational and institutional capacity is thus critical for attaining economic vitality, technological progress, and political stability. In the face of a global economic downturn, demographic shifts, climate change, growing humanitarian crises and persistently high levels of poverty, capacity development remains a collective challenge and priority for the public, private sector and civil society organizations. Governments, companies, and civic leaders need to work together in new alliances that leverage scarce resources, cutting-edge technologies, and institutional innovations to develop capacity for economic growth and poverty reduction in Africa.

Category: 
Working Papers
Thomas Kwesi Quartey

ACBF has been granted the status of a specialized agency because of the potential to transform Africa through capacity development.


H.E. Thomas Kwesi Quartey, Deputy Chairperson, AU Commission
Erastus Mwencha

The recognition of ACBF as the African Union’s Specialized Agency for Capacity Development launches the beginning of a new era for capacity building by ACBF, which will require an appropriate level of political commitment and financial support from all stakeholders.


H.E. Erastus Mwencha, Chair, ACBF Executive Board
Lamin Momodou

The remarkable achievements ACBF has registered over the past 26 years is not by accident in our opinion. They have come through hard work, dedication, commitment, purposeful leadership, support from the member countries as well as productive partnership building.


Mr. Lamin Momodou MANNEH, Director, UNDP Regional Service Centre for Africa
Goodall Gondwe

Africa needs ACBF as much, probably more now, than at the time it was created in 1991.


Hon. Goodall Gondwe, former Chair of the ACBF Board of Governors and Minister of Finance – Malawi
Ken Ofori Atta

Ghana’s partnership with ACBF is a tremendous blessing for us and therefore the opportunity for Ghana to host the 26th ACBF Board of Governors Meeting is something that we treasure.


Hon Ken Ofori Atta, Chair of the ACBF Board of Governors and Minister of Finance - Ghana
1
2
3
4
5
X