AUDA-NEPAD reinforces mandate to accelerate Africa’s infrastructure development

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The African Union Development Agency (AUDA-NEPAD) has crossed yet another milestone in the implementation of the mandate entrusted to it by the African Union Member states of undertaking the full range of resource mobilisation and serving as the continent’s technical interface on policy development recommendations, and implementation with partners and stakeholders. This was achieved by signing memoranda of understanding (MOUs) on three significant partnerships that are in direct alignment with the African Union’s Agenda 2063.

The agreements were signed at the III Financing Summit for Africa’s Infrastructure Development, which has drawn African Heads of State, investors, and development partners to Luanda, Angola, for three days of presentations and meetings. The summit is co-hosted by AUDA-NEPAD, the African Union Commission, and the Government of the Republic of Angola, under the theme “Capital, Corridors, Trade: Investing in Infrastructure for the AfCFTA and Shared Prosperity”. Agenda 2063 is the AU’s 50-year blueprint and master plan for transforming Africa into an integrated, prosperous, and peaceful continent and a dynamic force in the international arena.

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