On July 11, representatives of African governments, international organizations and development partners gathered in Addis Ababa, the Ethiopian capital, for the 44th Meeting of the New Partnership for Africa Development - NEPAD - Steering Committee, ahead of the African Union Summit on July 15.
The group which includes the Steering Committee had met to develop the terms of reference for identified NEPAD projects, and for overseeing the work and activities of NEPAD’s programmes.
Ibrahim Mayaki the NEPAD Chief Executive Officer highlighted some of the agency’s achievements which included effective mobilisation and use of 130.000 Euro from Irish Aid for the planned 2012 Food and Security Day scheduled for October 2012.
“We cannot talk about ownership when we depend a lot on outside sources for resources. Overseas Development Assistance (ODA) is not an option due to economic factors in Europe and the United States. The result or alternative is domestic financing. Private investment is important and has to be framed within the tools and frameworks that have been put in place by NEPAD,” Mayaki said.