ACBF

A Specialized Agency of the African Union

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Executive Secretary's Corner

The outbreak of the Ebola virus in 2014 fully demonstrated that, despite the significant progress it has made over the past two decades with the support of the African Capacity Building Foundation (ACBF)

Africa’s future lies in its ability to generate its own finance to develop the infrastructure needed to eradicate poverty and promote economic transformation.

The 2014 annual summit of the Group of 20 developed and emerging economies comes up from Nov. 15 to Nov. 16 in Australia.

The African Capacity Building Foundation joined top African business leaders at a roundtable to establish an emergency fund to help countries hit by the Ebola outbreak in Addis Ababa, Ethiopia on November 8, 2014.

The African expectations could be broken down into six proposals that would enable the US partner the continent to achieve a robust economic growth and development presumably well in advance of 2063.

The renowned economist is the executive secretary of the African Capacity Building Foundation (ACBF), a Pan-African organisation based in Harare with regional offices in Nairobi, Addis Ababa and Accra.

In recent years Africa has been making great strides in policy development and at present looks very prepared to move from principle into practice on this. Some leaders say now is the time to boost Africa's industrialization efforts

Emerging trends show that recently the BRICS group has become a major force in the global economic arena. The OECD predicts that the balance of economic power is expected to shift dramatically over the next fifty years with China becoming the world’s largest economy (replacing the United States). India’s GDP growth is also projected to outpace that of the United States. Thus partnerships with BRICS countries will become even more important over time.

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Thomas Kwesi Quartey

ACBF has been granted the status of a specialized agency because of the potential to transform Africa through capacity development.


H.E. Thomas Kwesi Quartey, Deputy Chairperson, AU Commission
Erastus Mwencha

The recognition of ACBF as the African Union’s Specialized Agency for Capacity Development launches the beginning of a new era for capacity building by ACBF, which will require an appropriate level of political commitment and financial support from all stakeholders.


H.E. Erastus Mwencha, Chair, ACBF Executive Board
Lamin Momodou

The remarkable achievements ACBF has registered over the past 26 years is not by accident in our opinion. They have come through hard work, dedication, commitment, purposeful leadership, support from the member countries as well as productive partnership building.


Mr. Lamin Momodou MANNEH, Director, UNDP Regional Service Centre for Africa
Goodall Gondwe

Africa needs ACBF as much, probably more now, than at the time it was created in 1991.


Hon. Goodall Gondwe, former Chair of the ACBF Board of Governors and Minister of Finance – Malawi
Ken Ofori Atta

Ghana’s partnership with ACBF is a tremendous blessing for us and therefore the opportunity for Ghana to host the 26th ACBF Board of Governors Meeting is something that we treasure.


Hon Ken Ofori Atta, Chair of the ACBF Board of Governors and Minister of Finance - Ghana
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