$250 million for capacity building in Africa

THE 26th African Capacity Building Foundation annual meeting of the board of governors has ended in Accra, Ghana, with a resolution that they have to raise $250 million in the next five years that will help to build capacity in countries on the continent.

Chengetai Murimwa in Accra, Ghana 

The money will help countries implement their development programmes for socio-economic transformation in line with the Agenda 2063 of the Africa Union.

So far only $20 million has been raised by Africa with international support agencies such as the World Bank and United Nations Development Programme pledging their commitment.

The meeting stated that ACBF should be fully supported by African governments to build the required capacity for its development.

It also resolved that the region must leverage on its natural resources in the right way to generate funding internally for its programmes instead resorting to external funding mechanism.

This will enable the countries to be in control of their affairs rather that have funding agencies dictate the type and pace of implementing development programmes because they are providing the funds.

Cameroon will be the host for the 2018 Board of Governors meeting.