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AU Peace Fund: Forging Partnerships for Sustainable Peace Financing in Africa

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AU Peace Fund meeting in Washington with AfDB, Nov 11, 2024

By Kestér Kenn Klomegâh

The African Union is reinforcing its efforts to secure sustainable funding for African-led peace initiatives that drive long-term stability and growth.

Recognizing that peace is essential for building resilience and unlocking Africa’s economic potential, a high-level AU delegation led by Deputy Chairperson, Dr. Monique Nsanzabaganwa, engaged with leading global financial institutions, development banks, and prominent peacebuilding organizations at the World Bank Group’s annual meetings in Washington.

In the various discussions led by Dr. Monique Nsanzabaganwa, joined by Steve Patrick Lalande, AU Commission Director for Partnerships and Resource Mobilization, and Dagmawit Moges, Director of the AU Peace Fund Secretariat, the African Union underscored urgency to secure sustainable peace financing as a mechanism to address the root causes of conflict and to accelerate Africa’s development for the realization of Agenda 2063.

In a bilateral meeting, both the African Union and the World Bank Group underscored the need to elevate Africa’s peace agenda within global development strategies. Ayanda Dlodlo, Executive Director at the World bank expressed a strong interest in mobilizing resources for the AU’s priorities through the International Development Association (IDA), enabling regional and continent-wide projects that transcend country-specific approaches.

Both institutions agreed on the importance of involving African finance ministers to align financial strategies with Africa’s peace and development goals. To strengthen governance and accountability, Dr. Nsanzabaganwa invited the World Bank to join the AU Peace Fund’s Independent Evaluation Group, where the Bank’s expertise in impact assessment could enhance the Peace Fund’s transparency and effectiveness.

In a meeting with the African Development Bank (AfDB), President, Dr. Akinwumi Adesina, applauded the AU’s progress on Agenda 2063 and endorsed the Peace Fund’s role in addressing the root causes of conflict. The AU formally invited AfDB to join the Peace Fund’s Independent Evaluation Group to enhance transparency and accountability in peace financing. Together, the AU and AfDB agreed to establish a joint framework for advancing sustainable peace financing initiatives that draw on both public and private sector resources.

In a separate bilateral meeting, Afreximbank President Professor Benedict Oramah expressed continued support for the AU Peace Fund’s enhanced governance structure and committed to nominating a representative to its Independent Evaluation Group. This partnership reinforces Afreximbank’s dedication to promoting a peaceful investment environment across Africa, essential for boosting trade and economic growth.

The African Trade and Investment Development Insurance’s (ATIDI) CEO, Manuel Moses, reaffirmed their commitment to supporting the AU’s mission of conflict prevention and peacebuilding. By aligning ATIDI’s risk management expertise with the Peace Fund’s goals, this partnership aims to create secure environments for businesses, fostering economic resilience in regions prone to instability.

The Peace Fund also engaged with Ecobank Transnational Incorporated, where CEO Jeremy Awori discussed innovative partnership models to scale peace financing across the continent. Leveraging Ecobank’s extensive network, the AU Peace Fund plans to raise awareness and mobilize resources for peace initiatives, engaging the private sector, and multilateral financial institutions to play an active role in Africa’s stability.

With Shelter Afrique Development Bank, the AU Peace Fund explored how housing and infrastructure development can act as foundations for peace. Shelter Afrique CEO and Managing Director, Thierno-Habib Hann, emphasized the role of secure housing in stabilizing communities affected by conflict. Together, they plan to focus on resettling displaced populations and rehabilitating infrastructure in conflict-impacted areas, fostering resilience and social cohesion.

During discussions with the AU Peace Fund, ZEP-RE CEO, Hope Murera, emphasized that peace is essential for creating conditions where businesses can flourish. The meeting explored collaborative initiatives aimed at tackling the root causes of conflict and promoting lasting stability through strengthened economic resilience.

In a series of meetings with U.S.-based peacebuilding organizations—including the Alliance for Peacebuilding, One Earth Future, Humanity United, Saferworld, and the Fund for Peace—the AU Peace Fund discussed opportunities to leverage U.S. philanthropic resources for African-led peace efforts. These organizations expressed a strong interest in supporting the Peace Fund through strategic resource mobilization and advocacy efforts. This collaboration aims to attract U.S. public and private funding for African peace initiatives, enhancing the Peace Fund’s impact on conflict prevention across the continent.

As a key platform for mobilizing resources to support conflict prevention and long-term stability efforts across Africa, the AU Peace Fund is committed to strengthening Africa’s capacity to address peace-related challenges, and create a stable environment where peace drives economic growth, resilience, and prosperity for all Africans.

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Africa Takes Centre Stage as Addis Ababa Hosts the World Public Summit

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Addis Ababa World Public Summit

By Kestér Kenn Klomegâh

For the first time in its history, the World Public Summit will be held on the African continent. On 29–30 July 2026, Addis Ababa, the capital of Ethiopia, will host the World Public Summit. Africa — “A New World: Africa in Shaping a Shared Future.”

The Summit is organised by the World Peoples Assembly in cooperation with African partner organisations. It will bring together leaders of public diplomacy, representatives of international intergovernmental and non-governmental organisations, academics, experts, representatives of the education and cultural sectors, youth leaders, socially responsible businesses, media professionals, and civil society institutions from across Africa and other regions of the world.

The World Public Summit. Africa continues the work initiated during the First World Public Assembly “A New World of Conscious Unity,” held in Moscow in September 2025, and serves as one of the key milestones in preparation for the Second World Public Assembly “A New World: Values That Unite,” which will take place in Moscow on 18–19 September 2026.

Today, Africa is emerging as one of the principal centres of global development. Rapid demographic growth, expanding entrepreneurship, strengthening regional integration, rich cultural heritage, and the growing role of civil society institutions make the continent an increasingly important contributor to the future architecture of international cooperation.

The Summit will focus on issues of genuine sovereignty and sustainable development, public diplomacy, preservation of cultural and historical heritage, international cooperation in education and science, youth engagement, innovation-driven development, creative industries, and the formation of new partnerships among countries and peoples.

The main business programme of the Summit will take place on 30 July 2026 at the headquarters of the United Nations Economic Commission for Africa (UNECA) in Addis Ababa. Holding the Summit at UNECA highlights its pan-African dimension and creates opportunities for broad international dialogue on humanitarian cooperation and public diplomacy.

The programme will include plenary sessions, strategic dialogues, and expert panels dedicated to values-based development, education, culture, youth leadership, innovation, and international cooperation.

Participation has already been confirmed by Professor Saidou Madougou, Director of the Department of Education, Science, Technology and Innovation of the African Union; Rita Bissoonauth, Director of the UNESCO Liaison Office to the African Union and UNECA in Addis Ababa; Zuzana Schwidrowski, Director of the Macroeconomics, Finance and Governance Division of UNECA, as well as ministers, leaders of public organisations, and representatives of the business community from a number of African countries.

On the same day, the ADWA Victory Memorial Museum—Ethiopia’s national memorial complex dedicated to the Victory of Adwa and an important centre for preserving the historical memory of the Ethiopian people—will host the award ceremony of the regional stage of the V International Competition “Leader of Public Diplomacy”, followed by a large-scale cultural programme.

One of the key outcomes of the Summit will be the adoption of the African Communiqué, reflecting proposals and recommendations aimed at strengthening humanitarian, educational, cultural, and public cooperation between African countries and other regions of the world.

The outcomes, initiatives, and recommendations were developed during the World Public Summit. Africa will be presented at the Second World Public Assembly “A New World: Values That Unite”, to be held in Moscow on 18–19 September 2026.

According to Andrey Belyaninov, General Secretary of the World Peoples Assembly, “the Addis Ababa Summit is an important step toward building a new world founded on mutual respect, cultural diversity, dialogue and sustainable development.”

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UK Set for Seventh Prime Minister in 10 Years as Keir Starmer Resigns

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Keir Starmer

By Adedapo Adesanya

The United Kingdom will get its seventh Prime Minister in 10 years as Mr Keir Starmer announced his resignation on Monday.

The Minister said he is stepping down as leader of the governing Labour Party and will leave office within weeks, scarcely two years after being elected in a landslide.

Mr Starmer says he will remain caretaker prime minister until a new Labour leader is chosen by the party.

Mr Starmer made the announcement after facing growing pressure to hand over to a new leader who can try to revive the government’s flagging fortunes.

He led Labour to a landslide election victory in July 2024, but since then, his popularity and that of the party have plummeted.

His departure was triggered by the victory of Mr Andy Burnham in a special election last week. The popular ex-mayor of Greater Manchester planned to challenge the existing PM for the Labour leadership.

Mr Starmer made the announcement outside the prime minister’s 10 Downing St. residence with a brief statement on Monday.

“The question my party is asking now is whether I am best placed to lead us into the next general election,” Mr Starmer said. “I have heard the answer of my parliamentary party to that question, and I accept that answer with good grace.

Mr Starmer is the sixth prime minister in a decade to stand outside 10 Downing Street and announce a premature departure.

It comes the day before Britain marks the 10th anniversary of its vote to leave the European Union, a decision that still affects the country’s economy and politics.

Over the past decade, 10 Downing Street has had six occupants, including Mr David Cameron, who left office in 2016 after the Brexit referendum and was succeeded by Ms Theresa May. She was followed by Mr Boris Johnson, whose tenure covered Brexit and the COVID-19 pandemic. After Mr Johnson came Ms Liz Truss, whose 49-day premiership was the shortest in British history. Mr Rishi Sunak then took office before being succeeded by Mr Starmer, the outgoing occupant of Number 10.

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AXIAN Energy Secures $60m for Expansion Across Africa

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axian energy

By Aduragbemi Omiyale

A financing facility of up to $60 million has been secured by AXIAN Energy, the energy division of the AXIAN Group.

The funding package was provided by MCB, one of the leading financial institutions in the Indian Ocean region.

It comprises a $40 million revolving credit facility with a three-year tenor and extension option, and $20 million in unfunded instruments, providing AXIAN Energy with enhanced financial flexibility, enabling the company to rapidly mobilise resources and seize development opportunities across its target markets.

The energy firm is expected to use the capital to deliver large-scale energy infrastructure projects across Africa.

Over the past two years, AXIAN Energy has significantly accelerated its growth by expanding its renewable energy project pipeline, with solar projects currently under development in Senegal, Benin, Zambia, Côte d’Ivoire, Madagascar, and Burkina Faso.

Building on this momentum, AXIAN Energy now operates a portfolio comprising 350 MW of installed renewable energy capacity, supported by 77 MWh of energy storage capacity, positioning the AXIAN Group as a major contributor to Africa’s energy transition.

The chief executive of AXIAN Energy, Mr Benjamin Memmi, said, “This transaction marks a key milestone in AXIAN Energy’s growth trajectory. It provides us with the financial capacity to sustain the momentum we have built over the past two years, further strengthening our renewable energy portfolio and expanding our presence across new African markets.”

Also commenting, the Global Head of Structured Finance at MCB, Mr Mathieu Delteil, said, “We are proud to support AXIAN Energy in structuring this facility, reaffirming our commitment to enabling transformative projects across Africa.

“By leveraging our sector expertise and deep understanding of regional markets, we have delivered a tailored financing solution that aligns with AXIAN’s long-term renewable energy ambitions.

“This partnership highlights our role as a strategic financial partner, mobilising capital towards investments that drive sustainable growth and accelerate the energy transition across the continent.”

The financing agreement between the two organisations strengthens their long-standing relationship because it is driven by a shared commitment to supporting infrastructure development and economic growth across Africa.

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