The African Union (AU) has raised $400 million to fund peace operations across the continent, AU Commission Chairperson Mahmoud Ali Youssouf announced Monday in Addis Ababa.
The funds, channeled through the AU Peace Fund, mark a key move toward reducing reliance on external donors. Youssouf also reiterated plans to introduce a 0.2% levy on eligible imports to secure long-term funding for AU programs. The AU aims to strengthen its peace and security framework, reform the Peace and Security Council, and implement a continent-wide early warning system as part of broader Agenda 2063 goals.
To bolster financial independence, the AU is exploring new revenue streams, including African Diaspora Bonds targeting $95 billion in annual remittances, a proposed e-commerce tax, and the creation of an AU Sovereign Wealth Fund to support economic resilience.
