The African Union (AU) signed a Memorandum of Understanding with the NBF at its 7th Annual African Union Private Sector Forum which was held in Nairobi, Kenya late last year. The partnership between the AU and the NBF will enhance and strengthen the coordination of complementary activities, interests and capacities between the AUC’s Department of Economic Affairs and the NBF, as well as promote private sector development, investment and resource mobilisation in Africa.
The MOU was signed by His Excellency, the Deputy Chairman of the African Union, Mr Erastus J.O. Mwencha on behalf of the AU and Mr. Geoff Rothschild, Chairman of the NBF Operations Committee on behalf of the NBF. This MOU will see the NBF and its private sector members becoming more involved in the AU’s continental development programmes and will be the launch pad for NBF operations in Central and East Africa.
For more details on the NBF and its activities, kindly contact Terrence Mutuswa on email: Terrence.firstname.lastname@example.org or tel: +27 10 596 1899.