N'Dour told reporters that an Olympic-style torch relay and live concert will be held in Kenya next year to support his New Africa campaign, which encourages African youth to help combat drought and food shortages.
"[Bono] called me to tell me... 'You can count on me because I'm a friend of Africa and I'm going to support you completely'," N'Dour said of Bono's involvement with New Africa.
N'Dour went on to say that he was compelled to organise the charity show after meeting with children at a Kenyan refugee camps this week.
"I prayed to God that those children would not stay in the camp for another 20 years. These young people must have a future," the singer commented.
Bono and N'Dour previously took part in former South African President Nelson Mandela's '46664' charity gigs to raise awareness of HIV/AIDS in Africa in 2003.
Hannah and Her Sisters actress Mia Farrow also recently toured Kenyan refugee camps, describing the humanitarian crisis as an "acute emergency".
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Watch Youssou N'Dour, Bob Geldof and Bono perform 'Redemption Song' below: