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Pan African Venture: Elumelu Foundation donates $150,000

By BusinessNews Staff on February 8, 2014

In its support for growth in Africa , Tony Elumelu Foundation has made a commitment to back the emergent African development initiative.

Following the convening of the African Union Heads of State Summit in Addis Ababa , the inaugural promoters’ meeting of the newly established “African Union Foundation” was held.

The meeting was led by the Chairperson of the African Union Commission, Her Excellency Dr. Nkosazana Clarice Dlamini Zuma, who is also the founder as legal representative of the African Union.

In response to his invitation to the Council, Mr. Elumelu said, “I am honoured to be a part of the Chairperson’s vision for an emergent Africa developed by Africans, and look forward to participating in this effort to change the paradigm of African development.”

As a clear indication of that support, the Tony Elumelu Foundation made a $150,000 donation to the start up costs of the African Union Foundation, the first contribution made to the ambitious initiative.

At the same meeting, a pledge of $100,000 was made by the Government of Jamaica, represented by Ambassador Carlton Masters, who indicated, “This underscores the commitment of the Diaspora towards African development.”

A formal launch of the African Union Foundation and comprehensive awareness and fundraising campaign is planned for later this year.

Dr. Nkosazana Dlamini Zuma, Chairperson of the African Union Commission presented the objectives of the Foundation for voluntary contributions towards financing African priorities at the Headquarters of the African Union in Addis Ababa , Ethiopia.

[Vanguard]

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