The African Development Bank has signed a protocol of agreement with the African Union to support reforms that will bolster the pan-African organisation’s implementation of Agenda 2063
The signing of the protocol of agreement signals the start of the implementation phase of the project. (Image source: The African Development Bank)
The project is expected to bolster the AU’s efforts to implement Agenda 2063. Adopted in 2015, Agenda 2063 is the African Union’s 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 US$11.48mn, is being supported with a grant from the Bank Group’s concessional financing window. It was approved by the board of directors in February 2022. The signing of the protocol of agreement signals the start of the implementation phase of the project.
Monique Nsanzabaganwa, deputy chairperson of the African Union Commission, commented, “As you know, this ceremony and 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, and several stakeholders starting last year.”
The project will upgrade and automate several AU systems, including those for information management, procurement and financial management, human resources and results management. 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.
Yacine Fal, acting vice-president for regional development at the African Development Bank Group, remarked, “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.”
Among key priorities the two institutions share are to drive regional integration and build the capacity of African institutions and businesses.
“Not only are Bank investments plugging regional infrastructure gaps, they are also strengthening the institutional capabilities of the AU, regional economic communities, the African Continental Free Trade Agreement Secretariat, and other regional mechanisms,” Fal said
Fal headed a Bank delegation to the signing ceremony. The delegation included deputy director general for the East Africa Region Abdul Kamara, and acting director of the Regional Integration Coordination Office Jean-Guy Afrika, among others.
