The Peace Fund was established in 1993 as the principal financing instrument for the peace and security activities of the Organization for African Unity and was launched on November 17th November 2018 at the AU Headquarters in Addis Ababa
The Peace Fund is one of the five pillars of the African Peace and Security Architecture (APSA). The overall legal basis for the Peace Fund is set out in Article 22 of the Protocol on the Establishment of the Peace and Security Council.
In July 2016, the AU Assembly of Heads of State and Government decided to endow the Peace Fund with $400m in Member State contributions to be drawn from the 0.2% levy that has been instituted to finance the overall African Union budget. The full endowment level will be reached in 2021.
Since 2017, the Fund has received the highest levels of Member State contributions (currently over $55.9m) since the establishment of the Fund in 1993.
The AU Assembly decided to structure the Peace Fund around three thematic windows:
- Window 1: Mediation and Preventive Diplomacy
- Window 2: Institutional Capacity
- Window 3: Peace Support Operations
Governance and Management Structure
A Board of Trustees, made up of five African members representing the 5 AU Regions and two international partners will be established. The role of the Board of Trustees is to ensure strategic coherence and enhanced governance, financial and administrative oversight of the Peace Fund.
The Chairperson of the AU Commission, supported by an Executive Management Committee will provide strategic management oversight of the Fund.
An Independent Evaluation Panel will be established to regularly review the effectiveness and impact of the Fund.
A Fund Manager will manage the finances and a Peace Fund Secretariat will manage the day to day operations of the Fund.
Board of Trustees
The Trustees, who represent the five regions of the continent, are:
- Zainab Ahmed, from Nigeria, former Minister of State for Budget and National Planning, who previously served as the Executive Secretary and National Coordinator of the Nigeria Extractive Industries Transparency Initiative (NEITI)
- Kamel Morjane, from Tunisia who served as Minister of Foreign Affairs and Minister of Defence in Tunisian and held senior positions in the United Nations
- Elene Makonnen, from Ethiopia, who has worked in various senior advisory levels with the African Development Bank, World Bank and the United Nations Economic Commission for Africa
- Tito Mboweni, from South Africa, a former Governor of the South African Reserve Bank and currently a non-executive Director for South Africa at the New Development Bank (BRICS Development Bank)
- Anicet Dologuele, from the Central African Republic, who served as the President of the Central African States Development Bank, as well as Prime Minister of and Minister of Economy Planning and Finance in his country.
- January 20, 2022
December 23, 2021
THE YEAR OF NUTRITION - Strengthening Resilience in Nutrition & Food Security on the African continent: Strengthening Agro-Food Systems, Health & Social Protection Systems for the Acceleration of Human, Social & Economic Capital Development
August 02, 2021
A handy reference guide that provides key information about the AU System.
March 22, 2021
Theme: ‘Arts, Culture and Heritage: Levers for Building the Africa We Want’
February 16, 2021
"Levers for Building the Africa We Want"
- February 03, 2021
November 13, 2020
Youth Silencing the Guns Intergenerational Dialogues: Policy Report 2020
September 30, 2020
As of 21 September 2020
AU STATUTORY MEETINGS From 30 September to 22 October 2020
- July 13, 2020
- July 07, 2020
June 16, 2020
1. The AU needs adequate, reliable and predictable resources to implement its programmes so as to achieve its development and integration goals. Successive Summits of the AU have since 2015, taken financial reform decisions, to ensure there is sound and predictable finances to address the historical challenges the African Union has faced. These are;
June 10, 2020
This report is authored by the African Peer Review Mechanism, a specialised entity of the African Union, in collaboration with the African Development Bank and the United Nations Economic Commission for Africa. It is a bi-annual publication on developments and trends in the area of sovereign credit rating services by international rating agencies among African countries.
- Page 1