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ACBF invests US$35 million in Zimbabwe

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The African Capacity Building Foundation has invested some US$35 million in Zimbabwe to date in support of human and institutional capacity, executive secretary Professor Emmanuel Nnadozie has said.

Speaking at the signing ceremony between the ACBF and the African Union Commission (AUC) yesterday, Prof Nnadozie said in addition, Zimbabwe had paid US$2.95 million in membership contribution to ACBF.

“ACBF has invested some US$35 million in Zimbabwe to date in support of human and institutional capacity in the Professional Development and Training Program in Economics to the tune of US$2 million, Southern Africa Regional Institute for Policy Studies to the tune of US$1.5 million, the Zimbabwe Women Research Centre got US$1 million, while Zimbabwe Statistics Agency got US$1.6 million,” Prof Nnadozie said.

Other beneficiaries include the Zimbabwe Economic Policy Analysis Unit, Ministry of Regional Integration and International Cooperation, The Zimbabwe Capacity Development Project and other various short term support.

Prof Nnadozie hailed Zimbabwe for its unparalled hospitality and Headquarters to ACBF since its inception in 1991.

ACBF has been mandated as specialised agency for capacity development by the African Union Commission.

The partnership provides a platform for joint resource mobilisation to finance a better coordinated capacity development effort across the continent in line with Agenda 2063.

Prof Nnadozie, said the partnership further consolidated the already excellent partnership between the two institutions.

“ACBF is delighted that this agreement consolidated further its membership of Africa’s institutional architecture.

“The foundation is further comforted in it’s determination to continue to build human and institutional capacity for the emergency of Africa capable of achieving is own development, with a strong pillar towards achieving the Africa we want,” Prof Nnadozie said.

Chairperson for the AUC, Mr Mousa Faki Mahamat, called for evaluation of some of the commission’s programmes.

Mr Mahamat said there was need for coordinated approach to avoid duplication of duties.

The ACBF’s mandate is to build human and institutional capacity for Africa’s sustainable development.

 

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About Jonathan Mbiriyamveka

Jonathan Mbiriyamveka

Jonathan Mbiriyamveka is an award winning journalist with special interest in in-depth news analysis, lifestyle and entertainment. A resourceful and well traveled journalist known for his lighthearted stories.

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