Investissement pour le développement

About the NEPAD-OECD Africa investment initiative

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The NEPAD-OECD Africa Investment Initiative is the major regional forum on mobilising investment for Africa’s development. Launched in 2006 as a partnership between the OECD Investment Committee and NEPAD, as well as other regional and global organisations, the Initiative aims to:

strengthen the capacity of African countries to design and implement reforms that improve their business climate
raise the profile of Africa as an investment destination while facilitating regional cooperation and highlighting the African perspective in international dialogue on investment policies

The Initiative achieves these objectives through facilitating high-level dialogue among African policy makers and undertaking investment policy reviews of selected African countries, as well as capacity-building activities, analytical work and studies. In particular, the Initiative focuses on how to catalyse top-priority reform in areas that have the greatest impact on Africa’s development, such as infrastructure and agriculture.

For African governments, the benefit of this co-operation lies in the OECD’s role as a catalyst for international policy dialogue and a hub for investment standards. The partnership with the OECD also offers African countries a vehicle for co-operation with the world’s major investing countries. Likewise, OECD countries benefit from greater coordination with their African partners, and from Africa’s perspective on improving the instruments housed at the OECD. In addition, both sides of the partnership can take advantage of high-standards of openness, transparency and corporate responsibility.

Improving the investment climate in concrete ways

The Initiative has helped African and international partners to promote policies that improve the investment climate in Africa in concrete ways. Initial results include:

Development of a knowledge platform on private investment in African infrastructure. Annual expert roundtables have focused on how to maximise investment in Africa’s key infrastructure sectors: water and sanitation (2007 in Lusaka), transport (2008 in Kampala), energy (2009 in Johannesburg) and agriculture (2011 in Dakar).
Facilitation of dialogue among African leaders and international decision-makers through the Initiative’s annual meetings. These now attract over 200 participants, including ministers, high-level delegates from OECD and African countries, experts and private sector representatives
Update of the Africa Peer Review Mechanism (APRM) to strengthen its investment component
Support of Botswana, Mozambique, Tanzania and Zambia’s reform of their investment regimes using the Policy Framework for Investment (PFI)
Development of a risk mitigation facility for infrastructure financing with G8 support. Managed by the African Development Bank, risk mitigation experts direct private financiers towards adequate coverage mechanisms
Improvement of Egypt’s water sector policies based on the Private sector participation in the water and sanitation sector - Checklist for Public Action for private sector participation in the water and sanitation sector
Evaluation of Burkina Faso’s policy framework for investment in agriculture

New Partnerships

The Initiative is working on several new collaborative projects:

A capacity building programme on Public-Private Partnerships (PPPs) in infrastructure to assist African governments interested in developing PPPs, in partnership with the African Development Bank (AfDB).
The Aid for Investment programme which examines how aid can best leverage infrastructure investments, in partnership with the Development Assistance Committee.
A series of policy briefs and analytical work on the challenges of boosting economic growth and development in Africa, in partnership with the UN Secretary General’s Special Advisor on Africa (OSAA)

Management structure

The Initiative is governed by a Steering Group made up of 30 key regional and international partners, as well as representatives from the private sector, who give advice, ensure that the Initiative’s work is well co-ordinated and mobilise political and financial support. The Chief Executive of the NEPAD Secretariat chairs the Steering Group, with South Africa and Japan acting as vice-chairs. Other members include senior African and OECD-country investment experts, the African Union Commission, the Regional Economic Communities (RECs), international organisations and the Investment Climate Facility for Africa (ICF).

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About the NEPAD-OECD Africa investment initiative

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