Search

AU proposes $814 million budget for 2026 as push for self-funding intensifies

Breaking News
© Allen Dreyfus
  • Spending plan rises 34% amid new mandates and shrinking external support
  • Member state contributions capped at $250 million; delays risk programme delivery

Lagos, Nigeria – The African Union (AU) has unveiled a proposed budget of $814 million for the 2026 fiscal year, a 34% increase over the previous year’s allocation. The plan, presented on Monday during a virtual joint session of the Permanent Representatives’ Committee (PRC) Subcommittees and the Committee of Fifteen Ministers of Finance (F15), aims to meet the Union’s expanding mandates while reducing reliance on external funding.

Recent Business

City of Kigali, Rwanda. Photo by Jean Claude Akarikumutima @ Unsplash
Rwanda Stock Exchange turnover jumps to $3.4bn as investor confidence deepens
Read More »
Remittances in Euros and US dollars common in Africa. Photo by JustStartInvesting @ Unsplash
Egypt remittances hit $37.5bn in 2025 after FX reforms
Read More »
Women hawkers on the streets of Accra, Ghana. Photo by Langford Kwabena @ Unsplash
Ghana inflation falls to 5.4% in December, lowest since 2021 rebase
Read More »

Recent Politics

William Ruto, President of The Republic of Kenya. Photo: @ William Ruto/Facebook
Kenya’s opposition succession battle draws in Ruto, Uhuru as 2027 race takes shape
Read More »
Samia Suluhu Hassan, President of Tanzania. Photo @ Samia Suluhu Hassan/Facebook
Will Tanzania's shuttle diplomacy to Western nations bear fruits?
Read More »
US Marines and Sailors being transported by Marine Aerial Refueler Transport Squadron 352. Photo by Joel Rivera-Camacho @ Unsplash
US Christmas airstrikes on Nigeria may alter political equation for Tinubu
Read More »

Latest Posts

Latest news insights