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 program aims to enhance human capital by improving education and vocational training systems.
The initiative focuses on developing skills aligned with labor market needs, particularly in sectors like digital technology, green energy, and advanced manufacturing. It targets youth and women to boost employability and economic inclusion.
This funding is part of the AfDB's broader strategy to support Morocco's development priorities, including the 2021-2026 government plan. The program is expected to benefit over 1 million young Moroccans through training and upskilling opportunities.
