President Kagame Is Set To Reform the African Union In Its Drive Towards Financial Independence

Rwanda’s President Kagame, who is the new head of the African Union, has picked his team to plan the Union’s goal of achieving financial independence by 2018.

President Kagame is said to have picked Dr Carlos Lopes, outgoing Executive Director of the United Nations Economic Commission for Africa (UNECA) and former president of the African Development Bank Dr Donald Kaberuka to lead the case.

Others who the President picked are Strive Masiyiwa, Econet Wireless founder, and Cameroon’s Acha Leke, a senior partner at the global consultancy firm McKinsey & Company.

SEE ALSO: Morocco Asks To Rejoin The African Union

Sources believe that Dr Carlos Lopes, who recently resigned from UNECA, could possibly replace  Dr Dlamini-Zuma as the African Union Commission chairperson in January.

Dr Carlos Lopes has been pushing forward his goal to see the African Union lose its dependency on foreign donors.

President Kagame and his team will also work on a blueprint concerning the reform of the African Union in achieving the goal of financial autonomy.

The AU has been in time past criticized for being incompetent in making sturdy decisions regarding the numerous problems in Africa, especially the political instability in various African nations. The organization has also been critiqued for its inability to be financially independent, and many have even gone as far as questioning the African Union’s transparency.

President Kagame Begins AU Financial Independence Reform Plan

Although President Kagame is yet to release a statement on these findings, Rwanda’s Minister of Foreign affairs, Louise Mushikiwabo told The East African that President Kagame’s task is to restructure the AU, and also present a drafted report on how this will be carried out at the next African Union during the next AU Heads of State Summit in January 2017.

SEE ALSO: President Obama Authorizes Admission Of 35,000 African Refugees To The US In 2017

Mushikiwabo said:

“It is a landmark and historic decision on Africa financing itself. It is a very critical decision especially when we are talking about reforming the African Union Commission and the manner in which we do business. It is a very good combination.

“President Kagame was asked to work on the restructuring and reforming the AUC at the conclusion of the meeting. He will be doing a lot of work between now and January and present his plan in January.”