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ACBF holds 51st Executive Board Meeting

Harare
Zimbabwe
28 Aug, 2014

Harare, August (ACBF) – The Executive Board of the African Capacity Building Foundation (ACBF) held its 51st meeting on 13-15 August at the ACBF’s headquarters in Harare, Zimbabwe. The meeting focused on the progress made in implementing the Foundation’s 2014 business plan and took account of the results achieved thus far, as well as the Foundation’s resource mobilization effort including the role for the Executive Board.  The meeting also approved revised policies for the effective operation of the Secretariat.  

Prof. Emmanuel Nnadozie presented to the Executive Board the new directions to be explored for capacity building in Africa which include, private sector development, infrastructure project preparation and management, domestic resource mobilization and fighting illicit financial flows, management of complex infrastructure contracts and Africa’s engagement with the rest of the world.

Reviewing the Foundation’s activities since its previous meeting, the Executive Board noted the good standing of the Foundation’s portfolio of programs and projects with 71.6% of the operations rated satisfactory and above; the improvement of communication between the three governance organs of the Foundation – Board of Governors, Executive Board and Secretariat – which enhances cohesion and complementarity; the centrality of resource mobilization and strategic partnerships and the more systematic approach taken to resource mobilization by reengaging all past and current donors while diversifying sources of funding. In this regard, the Board expressed its satisfaction that African member countries reiterated the relevance of ACBF while renewing their commitment to playing a leadership role in securing the long term sustainability of the Foundation.

In the ACBF governance structure, the Executive Board is responsible for the operational policies, guidelines and strategies and meets ordinarily four times a year. It is composed of eleven members selected for their expertise in development as well as representatives of two of the three sponsoring agencies, namely the African Development Bank and the United Nations Development Programme.

The Executive Board includes three committees. The Operations Committee examines and provides guidance on projects, programs, knowledge management and other operational policy matters. The Finance and Human Resources Committee examines financial and human resources matters while the Audit and Risk Committee ensures that the Foundation's risk management tools are up to date.

Thomas Kwesi Quartey

ACBF has been granted the status of a specialized agency because of the potential to transform Africa through capacity development.


H.E. Thomas Kwesi Quartey, Deputy Chairperson, AU Commission
Erastus Mwencha

The recognition of ACBF as the African Union’s Specialized Agency for Capacity Development launches the beginning of a new era for capacity building by ACBF, which will require an appropriate level of political commitment and financial support from all stakeholders.


H.E. Erastus Mwencha, Chair, ACBF Executive Board
Lamin Momodou

The remarkable achievements ACBF has registered over the past 26 years is not by accident in our opinion. They have come through hard work, dedication, commitment, purposeful leadership, support from the member countries as well as productive partnership building.


Mr. Lamin Momodou MANNEH, Director, UNDP Regional Service Centre for Africa
Goodall Gondwe

Africa needs ACBF as much, probably more now, than at the time it was created in 1991.


Hon. Goodall Gondwe, former Chair of the ACBF Board of Governors and Minister of Finance – Malawi
Ken Ofori Atta

Ghana’s partnership with ACBF is a tremendous blessing for us and therefore the opportunity for Ghana to host the 26th ACBF Board of Governors Meeting is something that we treasure.


Hon Ken Ofori Atta, Chair of the ACBF Board of Governors and Minister of Finance - Ghana
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