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Membership
The African Community Fund invites institutions worldwide to become Members in building a sovereign, asset-backed financial foundation for principled global cooperation. United by responsible stewardship and equal economic rights, we advance sustainable development and community prosperity.
Membership Structure
The Fund operates under a two tier membership framework designed to balance governance integrity with global partnership. Governance Members hold voting rights and strategic influence; Non-Governance Members hold full economic and loan rights with robust safeguards. All new members begin as Non-Governance Members, with a clear pathway to upgrade. Both tiers share pari passu economic rights and are united by a commitment to responsible stewardship and sustainable development.
Governance Members
- Eligibility: Entities eligible for full participation in Fund governance, elected from existing Non-Governance Members.
- Voting Rights: One member, one vote in Voting Meetings, ensuring equal sovereignty regardless of shareholding.
- Governance Eligibility: Right to stand for election to the Chair, President, Ambassadors, and Executive Committee.
- Upgrade Path: Available after five years of continuous membership, subject to a two-thirds affirmative vote of existing Class A Members.
- Strategic Influence: Direct participation in approving Charter amendments, dissolution, and major strategic decisions.
Non-Governance Members
- Default Status: All new members are admitted as Non-Governance Members upon subscription.
- Economic Parity: Shares rank pari passu with Governance Members regarding economic distributions, claims on assets, and loan access.
- Participation Rights: Right to attend Non-Voting Meetings, deliberate, and submit formal recommendations to the Executive Committee.
- Executive Response: The Executive Committee must provide a prompt, substantive written response to Class B recommendations within 60 days.
- Protected Capital: Shares are legally protected from seizure; redemption follows a clear, tiered settlement structure.
Share Structure
- Nominal Value: Each share has a fixed nominal value of 1,000 USD.
- Maximum Supply: 50 billion shares total, allocated between Governance and Non-Governance classes.
- Payment Currency: Shares may be subscribed using Gold, United States Dollars, or any convertible currency acceptable to the Executive Committee.
- Gold Valuation: Payments in Gold are valued at the international market price at time of receipt, verified by an independent assayer.
- Payment Schedule: 20% of par value is due upon allotment; the balance is payable in installments as determined by the Executive Committee.
- Digital Registry: All shareholdings and transfers are recorded in a secure Digital Share Registry maintained by the Fund.
Member Rights
All Members in good standing benefit from the Fund's core value proposition: a stable, tangible store of value backed by physical gold and silver. Members gain access to loan facilities for projects aligned with approved Programs—financing offered under equitable, non-usurious terms. Economic distributions, when declared, are allocated pari passu across share classes. Critically, Member shares are legally protected from seizure, freezing, or confiscation by any authority, except in cases of material default after exhaustion of contractual remedies. This framework ensures capital serves its intended purpose: building resilience, enabling opportunity, and fostering sustainable community development.
How to Join
- Application: Submit an expression of interest to the Executive Committee, including organizational details and source-of-funds declaration.
- Review: The Executive Committee evaluates applications based on eligibility criteria and alignment with the Fund's objectives.
- Subscription: Approved applicants execute a subscription agreement, remit the initial 20% payment, and accept the Charter.
- Onboarding: New Members receive access credentials for the Digital Share Registry and ACF technical infrastructure.
- Engagement: Members participate in Meetings, access Program updates, and utilize loan facilities.
Withdrawal & Redemption
Members in good standing may voluntarily withdraw by submitting written Notice providing 90 to 180 days' notice. Upon withdrawal, the Fund issues a Redemption Contract specifying the settlement method. Settlement follows a tiered structure: (1) Cash Component up to the proportion of Fund liquid assets; (2) In-Kind Transfer of tangible assets (e.g., metals) or Deferred Cash Payment for the remainder. Members elect their preferred method for the non-liquid portion within 30 days. In-kind transfers are capped at 70% of total redemption value unless consented otherwise. Total settlement shall not exceed 12 months without Voting Meeting consent.
Contact
- General Enquiries [email protected]
- Membership [email protected]
- Financing [email protected]
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