Mudavadi, Mbadi back increased African funding to reduce AU’s reliance on donors
Prime Cabinet Secretary Musalia Mudavadi and Treasury CS John Mbadi have backed a new African Union financing framework proposing a 0.2 per cent levy on eligible imports and a US$1 billion Peace Fund to reduce reliance on external donors.
Prime Cabinet Secretary Musalia Mudavadi and Treasury Cabinet Secretary John Mbadi have backed a new financing framework to reduce the African Union's (AU) reliance on external donors and strengthen its financial independence. The proposed Option C framework, endorsed by Mudavadi during an Extraordinary Session of the African Union Executive Council and Ministers of Finance in Accra, Ghana, aims to make the AU financially sustainable and improve accountability in the use of its resources.
The framework prioritizes high-impact programmes, consolidates budget planning, strengthens domestic resource mobilisation, and improves institutional efficiency. Kenya's support for the framework comes amid renewed efforts to implement previous continental commitments, including the Johannesburg Decision 578 and Kigali Decision 605, which sought to increase member states' contributions towards financing the African Union.
Brief written by urgent.news from Capital FM Kenya's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
