In Addis Ababa, Ethiopia, Monique Nsanzabaganwa, Deputy Chairperson of the African Union Commission, and Yacine Fal, Acting Vice President for Regional Development, Integration, and Business Delivery at the African Development Bank Group, signed the protocol of agreement for the African Union Institutional Capacity Building Project.
The project is expected to aid the African Union’s implementation of Agenda 2063. Agenda 2063 is the African Union’s vision for an integrated, wealthy, and peaceful Africa, led by its inhabitants and representing a dynamic force in the global arena, which was adopted in 2015.
A grant from the Bank Group’s concessional financing window is helping to fund the project’s cost of $11.48 million. The Board of Directors authorized it in February 2022. The signature of the protocol of agreement marks the beginning of the project’s implementation phase.
The process of consultation that led to the signing of the agreement was mentioned by Deputy Chair Nsanzabaganwa. “As you know, this event and the signing of the protocol of agreement mark the end of a year of contacts and deliberations between the African Union Commission, the African Development Bank, and several stakeholders,” she said.
AU systems for information management, procurement, financial management, human resources, and results in management will all be upgraded and automated as part of this project. It will also solve flaws in the African Union’s continental early warning system, which is a crucial tool for preventing and managing conflicts and fragility across the continent.
“Today is a watershed moment,” Bank Acting Vice President Fal stated in her speech. Without the mutual trust and teamwork that our respective institutions have demonstrated historically and throughout the process, we would not have been able to achieve it.”
Driving regional integration and building the capacity of African institutions and enterprises are among the primary aims shared by the two organizations.
“Not only are Bank investments filling regional infrastructural shortages, but they are also bolstering the AU’s, regional economic communities, the African Continental Free Trade Agreement Secretariat’s, and other regional bodies’ institutional capacity,” Fal added.
The signing ceremony was attended by a Bank delegation led by Fal. Abdul Kamara, Deputy Director-General for the East African Region, and Jean-Guy Afrika, Acting Director of the Regional Integration Coordination Office, were among the members of the group.