This Saturday, Accra will host a significant event organized by the African Union (AU) to launch innovative peace financing mechanisms. The event will take place at the Kempinski Hotel on July 20.

Distinguished guests, including current and former Heads of State, AU officials, African financial institution representatives, private sector delegates, philanthropists, and high net-worth individuals, will attend.

Notable speakers include Ghana’s President Nana Addo Dankwa Akufo-Addo, AU Commission Chairperson Moussa Faki Mahamat, Mauritania’s Foreign Affairs Minister Mohamed Salem Ould Merzoug, and AU Peace Fund Director Dagmawit Moges.

The event will feature keynote addresses, networking opportunities, and cultural performances. Attendees will discuss peace financing strategies and make financial commitments to support the AU Peace Fund’s initiatives.

A highlight will be the Peace Fund Round Table titled "Fostering Partnerships for Sustainable Peace in Africa," focusing on resource mobilization and collaboration among member states, financial institutions, and the private sector.

Established in 1993 and revitalized in 2018, the AU Peace Fund supports peace and security across Africa.

It currently holds over ¢392 million in its endowment fund and aims to reach USD 400 million. The Fund seeks additional resources to ensure sustainability in addressing Africa’s peace and security challenges, exploring innovative methods like voluntary contributions from member states and private sector involvement.

The Peace Fund is governed by a Board of Trustees, an Executive Management Committee, private fund managers, an Independent Evaluation Group, and a Board of External Auditors to ensure transparency and accountability.

It focuses on three key areas: Mediation and Preventive Diplomacy, Institutional Capacity Building, and Peace Support Operations.

Hosting this event in Accra highlights Ghana’s commitment to promoting peace and security in Africa.

President Nana Akufo-Addo’s leadership underscores Accra’s political influence and dedication to Africa’s progress.

“This event will not only celebrate the progress made by the AU Peace Fund but also galvanise further support and resources needed to address Africa’s peace and security challenges,” said Dagmawit Moges, Director of the AU Peace Fund Secretariat.

This gathering represents a significant step towards securing a peaceful and stable future for Africa, showcasing solidarity, innovative ideas, and commitments to sustainable peace financing.

For more information about the African Union Peace Fund and its initiatives, visit AU Peace Fund.