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 pursues 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 works with African and international partners to promote policies that improve the investment climate in Africa in concrete ways. Results include:
Development of a knowledge platform on private investment in African infrastructure. Expert roundtables on to maximising 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
Support of Botswana, Mauritius, Mozambique, Nigeria, Tanzania and Zambia’s reform of their investment regimes using the Policy Framework for Investment (PFI)
Support for infrastructure development through targeted policy tools and Public-Private Partnerships (PPPs) training programmes
Elaboration of SADC Regional Investment Policy Framework in partnership with the Southern African Development Community, and based on the PFI.
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
The Initiative is working on several new collaborative projects:
A capacity building programme on PPPs in infrastructure to assist African governments interested in developing PPPs in Zambia (March 2012). Further workshops are due to be held in in Mozambique and Tanzania.
The Aid for Investment in infrastructure 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)
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).
Requests for further information, including details on how to participate in the Initiative and its Steering Group can be addressed to NEPAD or OECD.
Mr. Bankeole Adeoye, Chief of Staff
Phone: +27 (11) 2563600; Fax: +27 (11) 313 3583
Mr. Karim Dahou, Executive Manager
Phone: +33 (0) 1 45241938; Fax: +33 (0) 144306135
Africa - mobilising financial resources - boosting energy investment and carbon finance, 2009
Investment in Transport Infrastructure, 2008
OECD-NEPAD Statement, 2003
OECD policy tools
Policy Framework for Investment
Policy Framework for Investment in Agriculture
Policy guidance for investment in clean energy infrastructure
OECD Principles for Private Sector Participation in Infrastructure
Private sector participation in the water and sanitation sector - Checklist for Public Action
Promoting Private Investment for Development: the Role of ODA
OECD Guidelines for Multinational Enterprises
OECD Risk Awareness Tool for Multinational Enterprises in Weak Governance Zones
OECD Convention Against Bribery of Foreign Public Officials in International Business Transactions
Public Sector Transparency and the International Investor
Checklist for Foreign Direct Investment Policies
FDI for Development: Maximising Benefits, Minimising Costs
FDI Regulatory Restrictiveness Index
OECD draft principles to enhance the transparency and governance of tax incentives for investment in developing countries
NEPAD website www.nepad.org
African Development Bank www.afdb.org
European Commission http://ec.europa.eu
OECD Middle East and North Africa Investment Programme www.oecd.org/mena/investment
OECD African Economic Outlook www.africaneconomicoutlook.org
Other OECD work on Africa www.oecd.org/africa
United Nations Conference on Trade and Development (UNCTAD) www.unctad.org
World Bank www.worldbank.org
World Bank Doing Business Database www.doingbusiness.org
World Bank Public Private Dialogue www.publicprivatedialogue.org