Board of Governors of ACBF holds 30th Annual Meeting

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The Board of Governors (BoG) of the African Capacity Building Foundation (ACBF), African Union’s Specialized Agency for Capacity Development is due to hold an Annual Meeting on 25 June 2021. BoG is the highest policy-making organ of the Foundation, whose role is to set the broad policy and strategic direction for ACBF.

The meeting which will be held virtually, will be hosted by the Minister of Finance of the Republic of Ghana, H.E Ken Ofori-Atta, Chair of the Board of Governors of ACBF.  Governors are expected to discuss the overall status of the Foundation, the impact of COVID-19 pandemic on the business of the Foundation and set the tone for the coming years.

ACBF Executive Secretary, Prof. Emmanuel NNDADOZIE says the 2021 Meeting of the Board of Governors will be distinct as it takes place when the Foundation marks 30 years of existence and remarkable service of capacity development in Africa.  Prof. Nnadozie says key among others, Governors will reflect on the financial position of the Foundation and set the tone for capacity development priorities of African member states going forward.

“The pandemic has wreaked havoc on the lives and livelihoods and exposed the severity of the capacity challenges facing African countries. ACBF stands ready to continue supporting African countries and their institutions in their effort to develop or strengthen human, institutional and soft capacities and will continue to mobilize resources, to support Member States and enable them to emerge from the COVID-19-induced disaster and achieve their development objectives. ACBF calls on the Board of Governors to continue to support the Foundation’s effort to mobilize adequate and predictable resources for its work.”

The Board of Governors is a forum of shareholders of the Foundation comprising Ministers of Finance or Planning as representatives of ACBF member countries and non-regional funding partners and the founding institutional members—African Development Bank, United Nations Development Program and World Bank.

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For enquiries, contact Ms. Ntsiuoa SEKETE, Senior Communications Officer, [email protected]t.org, +27 72 658 9295.

Website                : https://www.acbf-pact.org

Virtual Library : https://elibrary.acbfpact.org

Twitter                   : https://twitter.com/ACBF_Official

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Linked In             : www.linkedin.com/company/africa-capacity-building-foundation

 

About the African Capacity Building Foundation

Established in 1991, ACBF builds human and institutional capacity for good governance and economic development in Africa. To date the Foundation has empowered people in governments, parliaments, civil society, private sector and higher education institutions in more than 45 countries and 6 regional economic communities. ACBF supports capacity development across Africa through mobilization and leveraging of resources for capacity development; grants, investments, and fund management; knowledge services; promoting innovation in capacity development and capacity development advisory services.

The establishment of ACBF was in response to the severity of Africa’s capacity needs, and the challenges of investing in indigenous human capital and institutions in Africa. ACBF interventions are premised on four principles: the centrality of capacity to the development process in Africa; the critical role of a partnership and demand-driven approach in tackling capacity challenges; African ownership and leadership in the capacity development process; and a systematic, sequenced and coordinated approach to the capacity development process that pays attention to capacity retention and utilization.

For further information, follow: www.acbf-pact.org

 

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The African Capacity Building Foundation (ACBF), is the African Union’s Specialized Agency for Capacity Development. Having spearheaded and robustly coordinated capacity development programs worth some 700 million US dollars across 48 countries and 8 regional economic communities (RECs) in Africa since 1991, ACBF has gathered the requisite experience that makes it the go-to institution for expert knowledge and human resources to facilitate the timely implementation of continental and national development agendas. As the African Union’s Specialized Agency for Capacity Development following over 28 years of solid work, the Foundation is best placed to advise and support African countries, regional economic communities and institutions on decisive steps to take to develop the practical skills urgently required for the continent’s economic transformation.