Taarifa Rwanda

For First Time Africa Collects $41million To Fund AU

For the first time since its creation, the African Union has managed to domestically collect $41million to fund its activities.

This money was raised by only 21 member states that impose a 0.2% levy on selected imports from outside Africa.

Moussa Faki Mahamat, the union’s commission chairperson, reported recently that $41m had been collected by the 21 member countries by April.

“This is a very huge milestone because, for the first time since 1963 when the AU was formed, member states have collected money for the peace fund,” said associate prof. Philip Kasaija Apuuli a member of AU-coordinated conflict management and peace efforts on the continent.

In 2016, AU member states agreed during the 27th general assembly in Kigali to begin imposing a 0.2% levy on selected imports from outside the continent and the proposal was adopted.

However, the 34 member states have not started enforcing the proposal.

In 2018, the AU budget is about $770m and member states are expected to contribute about $318m (41%).

Donors are expected to foot the 59% funding for the budget. Statistics also indicate that 75% of contributions expected from members is made by ten countries.

The AU has set itself ambitious goals such as vision 2020 (on silencing guns on the continent), vision 2023 (on funding for vision 2063), 2030 (on implementation of sustainable development goals) and agenda 2063 for socio-economic transformation of the continent.

Related posts

How To Remember Jonas Savimbi

Justin Pearce

DR. Congo Sets December 2018 For Presidential Election

Staff Writer

Africa Needs Maths And Science To Evolve – Kagame

Staff Writer