AfDB, AU Sign New Agreement On Capacity Building Project

(AFRICAN EXAMINER) – African Development Bank (AfDB) and African Union (AU) have signed protocol of agreement for the execution of AU Institution capacity building project.

The new agreement was signed in Addis Ababa on Monday by the Deputy Chairperson of AU Commission, Monique Nsanzabaganwa and the AfDB Development Bank Group’s Acting Vice President for Regional Development, Integration and Business Delivery, Yacine Fal.

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.

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 $11.48 million, 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.

In addition, 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.

While alluding to the process of consultation that led to the signing of the agreement, Nsanzabaganwa said it was consummated after series of interactions and consultations.

“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”, she said.

Similarly, the AfDB’s Vice President described the signing of the agreement as milestone, adding that 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”, she stressed.