Ethiopia: Mugabe donates US$1 million from own cow sale to AU Foundation

Addis Ababa, Ethiopia (PANA) – Zimbabwean President Robert Mugabe donated 300 heads of cattle to the African Union (AU), then sold them before handing the proceeds, US$1 million, to the AU Summit in Addis Ababa, Ethiopia, on Monday.

The money would be used to finance the creation of an AU Foundation with the Zimbabwean leader highlighting his call for the continental organisation to use innovations to raise funds for Africa.

President Mugabe said his decision to donate 300 heads of cattle to the AU came when he was invited to attend a fund-raising event towards the launching of the AU Foundation, one of the new institutions being proposed to improve the social responses to crises which arise within Africa.

The Zimbabwean President said he made the donation of 300 cattle as a “natural choice” being an African farmer. He later approached members of his ruling party, ZANU-PF, who agreed to back it.

The cattle, which were shown on a video at the AU Summit, were received by the AU Commission officials in Zimbabwe and later auctioned to raise the US$1 million, which the President donated.

“This sale resonated well with my party,” President Mugabe said. “This humble gesture has no universal application but it represents an innovative way of financing the AU.”

The AU Foundation was created in 2013 to raise funds from individuals to finance programmes which enhance the AU’s broad objectives of having a people-centred institution.
-0- PANA AO/VAO 3July2017

03 july 2017 13:37:50

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