The pact will aid the AU in its resource mobilization efforts for peace across the continent.
A statement copied to the Ghana News Agency in Accra said the MoU was signed at the African Union Peace Fund High-Level Resource Mobilisation event on July 20, 2024, at the Kempinski Hotel Gold Coast City in Accra.
It said per the agreement, Standard Bank Group would provide one million dollars over the next five years.
The African Development Bank (AfDB) has estimated that 85 per cent of Africa’s 1.3 billion people live in conflict-ridden or post-conflict countries.
As a result, it said that the AU had intensified its efforts to promote peace through preventive measures.
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