The proposed operation is a grant of Five Million Units of Account (UA 5,000,000), to the African Capacity Building Foundation, to finance implementation of the Capacity Development Project for Africa’s structural transformation in Regional Member Countries (RMCs) for inclusive, green and sustainable development. The operation has been designed as a response to priorities identified in RMCs and regional bodies’ policies, strategies, and action plans. The proposed initiative will support the AU Agenda 2063 efforts towards creating the world’s largest free trade area through the AfCFTA. Specifically, the project will provide countries with support, including technical assistance on domestication and ratification of the AfCFTA agreement and on enhancing their economic governance including their readiness to participate in and benefit from the agreement as well as in the generation of knowledge products and services and in the creation of other innovative mechanisms to ensure proper functioning of the AfCFTA Secretariat. The project is based on the following components: (i) Supporting intra-Africa trade to boost regional integration agenda of the continent, including in countries facing fragility; (ii) Supporting economic and financial governance in RMCs for green growth and efficient management of resources. The project contributes to climate finance, with 1 million USD of the total approved amount dedicated to adaptation.

International

African Development Bank Group

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Civil Works Building Printing and Publishing Construction Energy-Power and Electrical Computer Hardwares and Consumables Building Material

14.06.2023

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