The present document aims at detailing the rationale and content of the 2014-2017 strategy. It consists of four parts. The first addresses the challenges for the transformation of Africa that will guide the activities of NEPAD for the years 2014-2017. The second part is a review of the strategy that has just ended and the lessons that can be drawn from it. The third section describes the logic and content of the strategy. Some priority actions for the practical implementation are set out in part four.