The decision by the Group of 20 of the world’s leading economies to admit the African Union as a permanent member is a powerful acknowledgement of Africa as its more than 50 countries seek a more important role on the global stage
It's aspiring to be like the EU, but I can't see that happening any time soon. There's ambiguous talks of a common currency, and relaxation of borders between certain member states.
Gaddafi was the brain child, leaving out all his mumbo jumbo, did punt this as an economic union akin to the EU.