Addis Ababa, 17 November 2018: The Chairperson of the African Union
Commission, Moussa Faki Mahamat, yesterday appointed the five African members
of the Board of Trustees of the African Union Peace Fund.
This decision marks a key step in the implementation of the Financing of the Union agenda, which is part of the ongoing institutional reform process.
The Trustees, who represent the five regions of the continent, are Zainab Ahmed, from
Nigeria, former Minister of State for Budget and National Planning, who previously
served as the Executive Secretary and National Coordinator of the Nigeria Extractive
Industries Transparency Initiative (NEITI); Kamel Morjane, from Tunisia who served
as Minister of Foreign Affairs and Minister of Defence in Tunisian and held senior
positions in the United Nations; Elene Makonnen, from Ethiopia, who has worked in
various senior advisory levels with the African Development Bank, World Bank and
the United Nations Economic Commission for Africa; Tito Mboweni, from South Africa,
a former Governor of the South African Reserve Bank and currently a non-executive
Director for South Africa at the New Development Bank (BRICS Development Bank);
and Anicet Dologuele, from the Central African Republic, who served as the President
of the Central African States Development Bank, as well as Prime Minister of and
Minister of Economy Planning and Finance in his country.
In addition to these African members, the European Union and the United Nations will
occupy two seats on the Peace Fund Board that have been allocated for international
The Board of Trustees was established by the Assembly of the Union in July 2016 to
ensure strategic coherence, enhanced governance, and financial and administrative
oversight of the Peace Fund.
The Peace Fund will finance three key priorities: mediation and preventive diplomacy
activities, institutional capacity requirements, and peace support operations.
The Chairperson of the Commission expresses his sincere appreciation to the
Trustees for accepting this assignment in the spirit of service to the continent and pan-
He is confident that their proven track record in financial management, governance and investment financing will ensure that the Peace Fund will be managed in line with the highest fiduciary standards and integrity.
The Board of Trustees’ inaugural meeting took place on 16 November 2018 at the
African Union Headquarters in Addis Ababa.