African-EU Summit, Cairo Plan of Action, Cairo, Egypt, 3-4 April 2000

Sectors : Investment
Organisation : EU
Date made: 
2000
Level: 
Heads Of State
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Commitments in: Private Sector development and financial services for the poor - Investment

“We agree to:

14. Support the efforts of African countries in continuing to adopt sound macroeconomic and other policy reforms, including adjustment policies, as well as the effort of the public sector in creating the enabling environment for the development of private sector activity.

15. Improve the public-private sector dialogue between and within our regions and encourage North-South co-operation for private sector development in African countries...

Investment

... 17. a) Commit ourselves to the creation of a conducive environment in Africa for an enhanced private sector development, including macro and micro economic foundations of competitiveness.
b) Work with governments and private sector in order to improve a regulatory framework for business community.
c) Develop at national and regional levels, including with the AEC and the RECs, programmes on the promotion of foreign direct investment flows into Africa.

18. Support South-South co-operation through triangular mechanisms, with a view to building capacity in business management, exchange of experience, as well as promoting joint ventures, and mergers and acquisitions, inter alia through technical assistance aimed at strengthening the African financial markets and instruments.

19. Develop better information on investment in Africa, and strengthen African small and medium enterprises through schemes and instruments to be determined. Encourage joint ventures between African and European investors, with the support of EU...

...20. Co-operate in dealing with the problem of capital flight from Africa in all its aspects, including to offshore financial centres, and examine appropriate measures to that end."

Scope: 
Africa