Business
The African Capacity Building Foundation (ACBF) providing member states more leverage
At the same meeting, US$ 100 million was pledged by the World Bank and US$ 10 million by Sweden.
Support for the Foundation’s five-year strategy has also been expressed by the African Development Bank (AfDB), Canada, Denmark, and Finland, who all have expressed their full support to the ACBF. The United Nations Development Programme (UNDP) has expressed its interest in working with the Foundation at programmatic level.
African countries that are members of the ACBF include Benin, Botswana, Burkina Faso, Burundi, Cameroon, Central African Republic, Chad, Republic of Congo, Democratic Republic of Congo, Cote d’Ivoire, Djibouti, Ethiopia, Gabon, The Gambia, Ghana, Guinea Bissau, Kenya, Liberia, Madagascar, Malawi, Mali, Mauritania, Mauritius, Niger, Nigeria, Rwanda, Sao Tome & Principe, Senegal, Sierra Leone, Sudan, Swaziland, Tanzania, Togo, Uganda, Zambia and Zimbabwe.
These member countries, which are represented by their Ministers of Finance, Planning and Economic Development, make up the Board of Governors, the highest policymaking body of the ACBF, together with 4 multilateral agencies and 12 Bi-lateral partners.
