An Integrated, Prosperous and Peaceful Africa.

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Economic Integration & Private Sector Development

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To promote economic integration as well as private sector development the AU is implementing several key flagship projects under Agenda 2063 as well as promoting the adoption of the African Continental Free Trade Area (AfCFTA) and the Free Movement Protocol as drivers for regional economic integration and development.

To promote private sector engagement the AU has implemented programmes that seek to form strategic partnerships with the private sector through Public Private Partnership engagements including developing strategic partnerships with African Philanthropists to support the implementation of key development initiatives at a regional and continental level. The African Economic Forum (Platform) AEP was launched as a multi-stakeholder meeting to brings together the African political leadership, the private sector, academia and civil society to reflect on how to accelerate Africa’s economic transformation harnessing its vast resources to enhance the development of the African people. The forum discusses key opportunities as well as the constraints that hamper economic development and proposes measures to be taken to realise the Aspirations and goals of Agenda 2063. The African Business Council

The creation of African Continental Financial Institutions aims at accelerating integration and socio-economic development of the continent through the establishment of organisations which will play a pivotal role in the mobilization of resources and management of the African financial sector. The financial institutions envisaged to promote economic integration are the African Investment Bank and Pan African Stock Exchange; the African Monetary Fund and the African Central Bank.

The AU also promotes the use of African data sourced from authoritative national sources to enhance the use of verified statistics and data for development. The African Charter on Statistics promotes the use of statistics for development in Africa and sets out the methodological and ethical principles which are to guarantee the production in real time of quality, harmonised statistics on Africa, in order to meet the needs and standards which make them Africa’s statistics of reference.

The African Institute for Remittances (AIR) is the AU office charged with promoting reforms to remittance regulatory frameworks of Member States aimed at reducing remittance transfer costs; improving Member States’ capacity for statistical measurement, compilation and reporting of remittance data; and assisting Member States to design strategic tools to leverage remittances for social and economic development. The institute is hosted by Kenya School of Monetary Studies (KSMS) in Nairobi Kenya.

The Economic Affairs Department promotes the work of the AU in the area of economic integration and private sector development and engagement. The department also proposes policy solutions for the resolution of Africa’s debt problem and provides a framework for the use of harmonised statistics. The department is leading the AU’s efforts for the establishment of the AU Institute for Statistics and the Statistics Training Centre

The AU Foundation focuses on engaging with private sector philanthropy to support key development initiatives on the continent such as agriculture and youth development.

Key Resources

February 12, 2020

See previous publications by clicking here

February 09, 2020
February 09, 2020

A handy reference guide that provides key information about the AU System.

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    October 28, 2020

    Outbreak Update: Since the last brief (20 October 2020), 3,025,116 new confirmed coronavirus disease 2019 (COVID-19) cases and 40,780 new deaths have been reported globally. To date, a total of 42,977,875 COVID-19 cases and 1,152,8883 related deaths (case fatality rate (CFR): 2.7%) have been reported from 219 countries and territories. This week, no new country or territory reported its first case.

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  • Update on the ongoing Novel Coronavirus (COVID-19) Global Epidemic, Brief #40
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    Table of contents:

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    Outbreak Update: Since the last brief (6 October 2020), 2,315,658 new confirmed coronavirus disease 2019 (COVID-19) cases and 39,532 new deaths have been reported globally. To date, a total of 37,428,586 COVID-19 cases and 1,075,298 related deaths (case fatality rate (CFR): 2.9%) have been reported from 217 countries and territories.

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    This document provides guidance to Member States on the effective use of face masks/ coverings in the community by individuals without COVID-19 symptoms in order to reduce potential transmission of SARS-CoV-2.a It also provides advice on the use of masks during home care for patients with COVID-19.b

  • Africa CDC Consortium for COVID-19 Vaccine Clinical Trials (CONCVACT)
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    The Africa Joint Continental Strategy for COVID-19 is underpinned by the need to limit transmission, prevent deaths and reduce associated harms. Participation by African nations in clinical trials is an essential step to ensure that sufficient data is generated on the safety and efficacy of the most promising vaccine candidates among the region’s populations.

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    Executive Summary

    The present report has been prepared in fulfilment of the request made in July 2015 by the Assembly of Heads of State and Government that the African Union Commission should submit a biennial report on labour migration statistics in Africa.

Pages