Rwanda: States Drag Feet on Kaberuka AU Funding Mechanism Proposal

The African Union self-financing mechanism adopted by the Heads of State during last year’s summit in Kigali could take longer than expected to implement. The mechanism, popularly known as the ‘Kaberuka Proposal,’ is aimed at raising $1.2 billion (about Rwf898 billion) annually to reduce heavy dependence on external partners to finance Africa’s development projects. The formula…

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ACTUALITÉ AFRICAINE À TOUTE HEURE

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