AU, EU Launch $22mln Program to Boost Africa’s Development
Friday, 07 March 2025 09:03
(Ecofin Agency) - The African Union (AU) and the European Union (EU) have signed a €20 million ($22 million) funding agreement for a new program aimed at accelerating the performance of their partnership. The announcement was made in a joint statement released on March 5.
The program, known as the AU-EU Partnership Performance Acceleration Program (AUPPAP), is designed to support Africa’s economic growth by strengthening capacity building and promoting integrated development. It will focus on key sectors such as digital transformation, connectivity, and energy.
AUPPAP will be implemented over two years and aligns with the AU’s Agenda 2063, the continent’s long-term development blueprint.
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