African leaders dissolve Nepad as Addis meeting closes

African leaders today wrapped up their annual summit less divided and looking at brighter economic prospects but still facing a raft of conflicts, including Sudan’s predicted break-up.

One of the resolutions adopted was one that dissolved was the New Partnership for Africa Development (NEPAD) and agreed to replace it by a new agency.

Nepad disbandment comes after a very sharp criticism against the body which couldn’t deliver a single project during the last one decade.

Nepad was established in July 2001 as a programme of the defunct Organisation of African Unity (OAU) and the mandate was given leaders of Algeria, Egypt, Nigeria, Senegal and South Africa to steer it.