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Multinational - Appraisal Report - Nelson Mandela Institutes – African Institutions of Science and Technology Project
By supporting the three institutions (AUST Abuja, 2IE Ouagadougou and NM-AIST Arusha ) within the NMI vision, the project will contribute to improving the quality of life of Africa’s populations. The Bank’s contribution as a regional public good will (i) strengthen world-class graduate and post-graduate programmes in engineering, science, technology and innovation to provide Africa with the skills needed to add value to its natural resources and enhance its competitiveness and growth; (ii) further the vision of the African Union of an integrated, prosperous and peaceful Africa, especially by the creation of regional Centres of Excellence, which is embodied in the spirit of the NMI, and (iii) enhance the employability of the university graduates. The total cost of the 5-year project is estimated at UA 9.40million, which will be financed by two grants of respectively UA 6.67million to the ECOWAS Commission and UA 2.73million to the EAC.