Focus areas of the funding are peace and security, infrastructure, agriculture, education and capacity building.
Part of the money will be used to scale up the pilot phase of the Trading for Peace Project of COMESA, which seeks to support small-scale trade in the Great Lakes Region and to foster peace-building.
During the agreement signing ceremony, Mr. Erastus Mwencha, Deputy Chairperson of the AU Commission, expressed appreciation to Germany for its continued support to the AU Commission.
Germany extended 1.4 billion Euro support to the African Union over the past four years.