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Amid existing challenges to peace and security in some parts of Africa, the African Union (AU) Peace Fund has taken a crucial step forward in its mission to contribute for peace and stability across the continent.

The African Union Peace Fund Board of Trustees (BoT) convened for its 21st Statutory Meeting on 1st August 2024, marking notable achievements and outlining future strategies to enhance funding for peace and stability across Africa.

African ministers responsible for trade from AGOA eligible countries, united in their pursuit of economic prosperity, called for the renewal and enhancement of AGOA at the 2024 AGOA Annual forum that took place in Washington DC from 24-26 July. Recognizing the potential of the African Continental Free Trade Area (AfCFTA) to boost intra-African trade, the ministers urged the US to allow for cumulation with all AfCFTA signatories to strengthen the complementarities between AGOA and the AfCFTA.

The CAADP Malabo has encountered challenges including climate change, pandemics, and global economic disruptions, impeding progress. To address these issues, the African Union Commission and the African Union Development Agency-NEPAD, together with stakeholders, are working to finalize the Post-Malabo Agenda. As part of this process, two lines of effort have been developed and are being implemented: Stakeholder Engagement and Dialogues, as well as Research and Analytical Work.