AU hopes to raise approximately $1.2 billion beginning 2017 under the new funding model crafted by a team led by former AfDB president Dr Donald Kaberuka. PHOTO | FILE
The African Union faces a litmus test in its quest to be self-reliant as it moves to implement a new funding model that will see member states fund the organisation using a share of their international tax collections beginning next year.
Under the new model approved during the recently concluded 27th Heads of States AU Summit in Kigali, member states are expected to surrender 0.2 per cent levy on eligible imports to fund operations of the organisation with a hope of making its funding sustainable and predictable.
