AU Calls for Multilateral World Order that Will Respond to its Agenda 2063

AU Calls for Multilateral World Order that Will Respond to its Agenda 2063

The African Union has intensified calls for the emergence of new multilateral world order by the international community by responding to its Agenda 2063: The Africa We Want.

“I attended the just concluded #G7Summit + it’s increasingly clear that there is an urgent need for an emergence of new multilateral world order. Africa knows what it wants. We want all our partners to adapt by responding to #Agenda2063 for the #TheAfricaWeWant,” said Moussa Faki Mahamat, the chairperson of the AU Commission.

This was after he attended the  Group of Seven summits (G7) in Biarritz, France alongside President Cyril Ramaphosa (South Africa), President Macky Sall (Senegal), president Roch Marc Kaboré (Burkina Faso), president Paul Kagame (Rwanda), President Abdel Fattah El-Sisi (Egypt) and Akinwumi Adesina of the African Development Bank.

They had been invited by France President Emmanuel Macron.

The African leaders spoke about Migration, security, partnership and investment opportunities in Africa and issues of inequality.

Agenda 2063 is Africa’s blueprint and master plan for transforming Africa into the global powerhouse of the future. It is the continent’s strategic framework that aims to deliver on its goal for inclusive and sustainable development and is a concrete manifestation of the pan-African drive for unity, self-determination, freedom, progress and collective prosperity pursued under Pan-Africanism and African Renaissance.

According to Brookings Institution, “The AfCFTA and Agenda 2063 hope to reverse Africa’s premature deindustrialization and tap into the vast number of manufacturing opportunities that persist, including in software, auto components, industrial and business machinery, chemicals, agro-processing, and clothing and footwear subsectors, among others.”

During the summit, the G7 leaders approved $251 million in support of the African Development Bank’s AFAWA initiative to support women entrepreneurs in Africa.

The AFAWA initiative comes from an African organisation, the African Development Bank, which works with African guarantee funds and a network of African banks,” French President Emmanuel Macron said.

AFAWA aims to raise up to $5 billion for African women entrepreneurs and the African Development Bank will provide $1 billion financing.  It is based 

On three principles: to improve women’s access to financing through innovative and adapted financial instruments, including guarantee mechanisms to support women entrepreneurs.