The BUSAC III Steering Committee
BUSAC Fund III has a new Steering Committee that plays an active role in the activities of the BUSAC III Secretariat.
The composition of the BUSAC III Steering Committee is as follows:
|Three representatives from the private sector
|Three representatives from Government – one from Ministry of Trade & Industry, one from Ministry of Local Government & Local Development and one from Ministry of Finance
|One from the Development Partners.
The BUSAC III Steering Committee is chaired by one of the private sector representatives, while the Fund Manager serves as the secretary for the Steering Committee.
Role of the BUSAC III Steering Committee
The BUSAC III Steering Committee is responsible for the overall policy direction and management of the Fund. The Committee's role includes:
|ensuring transparent and accountable oversight of the Fund's activities and initiatives
|providing advice on the strategic direction of BUSAC III
|reviewing and commenting on periodic progress reports, annual audit reports, external evaluation reports,
work-plans and annual budgets
|making decisions on approval of all grant applications