First MOU between the AFD and African Union

The French Development Agency (AFD) – represented by its CEO Rémy Rioux – and the Commission of African Union – represented by Albert Muchanga, Commissioner for Trade and Industry – signed their first MoU.

The AFD-AUC MoU confirms that AFD will provide a grant devoted to the second priority theme of the declaration of intent signed in 2018 between the two partners: “Economic integration and sustainable development”.
Two priority topics have been identified during the discussions between AFD and AUC: the implementation of the African Continental Free Trade Area (AfCFTA) and continental infrastructures.

“This MoU is another testimony of the commitment of AFD and the French government to contribute to Agenda 2063 and other major projects of the African Union, in particular, the African Continental Free Trade Area,” said Rémy Rioux, CEO of AFD.

This EUR 1.5 million support over two years will take the form of a technical assistance facility, implemented by Expertise France, – the French technical assistance operator, which will soon join AFD group.

Original source: AFD
Published on 05 December 2019