African Union, African Devt Bank Sign Capacity Building Agreement

ADDIS ABABA – African Union Commission and African Development Bank( AfDB) signed the protocol of agreement for the AU Institutional Capacity Building Project in Addis Ababa.

The agreement was signed between Monique Nsanzabaganwa, Deputy Chairperson of the AUC, and Yacine Fal, the AfDB’s Acting Vice President on Monday.

The project is expected to bolster the African Union’s efforts to implement Agenda 2063 – a vision for an integrated, prosperous, and peaceful Africa driven by its own citizens and representing a dynamic force in the global arena.

The project cost, amounting to $11.48 million, is being supported with a grant from the Bank Group’s concessional financing window.

“The signing of the protocol of agreement represent the culmination of a series of interactions and consultations that have occurred between the African Union Commission, the African Development Bank,” Deputy Chair Nsanzabaganwa.

It also signals the start of the implementation phase of the project, said the signatories.

The project aims to upgrade and automate several AU systems, including management of information, procurement and financial, and human resources.

It will also address gaps in the AU’s continental early warning system, a critical instrument in the prevention and management of conflicts and fragility across the continent.

“Today is a milestone. Reaching it would not have been possible without the mutual trust and collaboration that our respective institutions have shown historically and throughout the process,” said Bank Acting Vice President Fal.

Source: Link to the Post

Leave a Reply