ADDIS ABABA – European Union and African Union have signed an 800 million Euro support African union’s effort to promote peace, security, and stability in Africa.
The finance agreement was signed by the chairperson of the AU Commission, Moussa Faki Mahamat and the EU commissioner for international cooperation and development Neven Mimica in Addis Abeba.
Mahamat described the deal as “a milestone” in the long history of EU support to Africa.
The support “is in line with the African peace and security architecture and African-let efforts to silence the guns,” he said.
“I also commend the African contributions to the recently revitalized Peace Fund, which demonstrates the commitment to African ownership of peace and security operations on the continent,” said the chairperson of the AUC.
The AU peace fund finances the AU’s peace and security operations following decisions adopted by the assembly heads of states in July 2016.
The newly signed fund will boost AU’s operations more, according to Commissioner Mimica.
“Europe remains Africa’s first partner in the area of peace and security,” he said.
Since 2004, the EU’s African peace facility has provided 2.7 billion Euro to support African solutions to African problems.
“Most of the additional 800 million today will go to peace support operations led by our African partners,” Mimica said.