The African Development Bank (AfDB) has approved a €200 million loan to finance Morocco's Cap Compétences 2030 program, according to an official statement from the bank. The initiative aims to enhance vocational training and employability for youth in Morocco.
The program, aligned with Morocco's national development strategy, targets the training of over 500,000 young people by 2030 in sectors such as digital technology, green energy, and advanced manufacturing. The AfDB's support will focus on modernizing training infrastructure and curricula.
This investment is part of the AfDB's broader commitment to human capital development in Africa. The bank has emphasized that the program will help reduce youth unemployment and support Morocco's economic transformation.
