The New Partnership for Africa’s Development (NEPAD), October 2001

Sectors : Financial Institutions, markets, services and microfinance, Domestic resource mobilisation, Investment, Employment and Training, Industry, Regional trade, Infrastructure General, International trade: market access, subsidies and aid for trade
Organisation : AU
Date made: 
2001
Level: 
Heads Of State
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Commitments in: Private Sector development and financial services for the poor - Investment

“150. The New Partnership for Africa’s Development seeks to increase private capital flows to Africa, as an essential component of a sustainable long-term approach to filling the resource gap...

...151. The next priority is the implementation of a PPP capacity-building programme through the African Development Bank and other regional development institutions, to assist national and subnational governments in structuring and regulating transactions in the provision of infrastructural and social services.
- The third priority is to promote the deepening of financial markets within countries, as well as cross-border harmonisation and integration, via a Financial Market Integration Task Force. Initially, this will focus on the legislative and regulatory environment for the financial system.

152. Actions
- Establish a task team to carry out audits of investment-related legislation and regulation, with a view to risk reduction and harmonisation within Africa;

- Carry out a needs assessment of, and feasibility study on, financial instruments to mitigate risks associated with doing business in Africa;

- Establish an initiative to enhance the capacity of countries to implement PPPs;

- Establish a Financial Market Integration Task Force that will speed up financial market integration through establishing an international standard legislative and regulatory framework and creating a single African trading platform...”

Scope: 
Africa

“Promoting the Private Sector

163. Objectives
- To ensure a sound and conducive environment for private sector activities, with particular emphasis on domestic entrepreneurs;

- To promote foreign direct investment and trade, with special emphasis on exports;

- To develop micro-, small and medium enterprises, including the informal sector.

164. Actions
At the African level:

- Undertake measures for enhancing the entrepreneurial, managerial and technical capacities of the private sector by supporting technology acquisition, production improvements, and training and skills development;

- Strengthen chambers of commerce, trade and professional associations and their regional networks;

- Organise dialogue between the government and the private sector to develop a shared vision of economic development strategy and remove constraints on private sector development;

- Strengthen and encourage the growth of micro-, small and medium-scale industries through appropriate technical support from service institutions and civil society, and improve access to capital by strengthening microfinancing schemes, with particular attention to women entrepreneurs.

At the international level:
- Promote entrepreneurial development programmes for training managers of African firms;

- Provide technical assistance for developing an appropriate regulatory environment, promoting small, medium and micro-enterprises and establishing microfinancing schemes for the African private sector.”

Scope: 
Africa

Commitments in: Infrastructure - Infrastructure General

“102. Objectives
- To improve access to, and affordability and reliability of, infrastructure services for both firms and households;

- To enhance regional cooperation and trade through expanded cross-border development of infrastructure;

- To increase financial investments in infrastructure by lowering risks facing private investors, especially in the area of policy and regulatory frameworks;

- To build adequate knowledge and skills in technology and engineering with a view to installing, operating and maintaining hard infrastructure networks in Africa.

103. Actions
- With the assistance of sector-specialised agencies, put in place policy and legislative frameworks to encourage competition. At the same time, introduce new regulatory frameworks and build capacity for regulators, so as to promote policy and regulatory harmonisation in order to facilitate cross-border interaction and market enlargement;

- Increase investment in infrastructure, especially refurbishment, and improve system maintenance practices that will sustain infrastructure;

- Initiate the development of training institutions and networks that can develop and produce highly skilled technicians and engineers in all infrastructure sectors;

- Promote community and user involvement in infrastructure construction, maintenance and management, especially in poor urban and rural areas, in collaboration with the governance initiatives of the New Partnership for Africa’s Development;

- Work with the African Development Bank and other development finance institutions on the continent to mobilise sustainable financing, especially through multilateral processes, institutions and donor governments, with a view to securing grant and concessional finance to mitigate medium-term risks;

- Promote public-private partnerships (PPPs) as a promising vehicle for attracting private investors, and focus public funding on the pressing needs of the poor, by building capacity to implement and monitor such agreements;...”

Scope: 
Africa

Commitments in: Trade - International trade: market access, subsidies and aid for trade

“Promoting African Exports

165. Objectives
- To improve procedures for customs and drawback/rebate schemes;

- To tackle trade barriers in international trade through the improvement of standards;

- To increase intra-regional trade through promoting cross-border interaction among African firms;

- To counter Africa’s negative image through conflict resolution and marketing;

- To deal with shortages of short-term skills through appropriate incentives and training at firm level.

166. Actions
At the African level:

- Promote intra-African trade with the aim of sourcing within Africa imports formerly sourced from other parts of the world;

- Create marketing mechanisms and institutions to develop marketing strategies for African products;

- Publicise African exporting and importing companies and their products through trade fairs;

- Reduce the cost of transactions and operations;

- Promote and improve regional trade agreements, foster interregional trade liberalisation and harmonise rules of origin, tariffs and product standards;

- Reduce export taxes.

At the international level:
- Negotiate measures and agreements to facilitate access to the world market by African products;

- Encourage foreign direct investment;

- Assist in capacity-building in the private sector, as well as strengthening country and subregional capacity in trade negotiations, implementing the rules and regulations of the WTO, and identifying and exploiting new trading opportunities that emerge from the evolving multilateral trading system;

- The African heads of state must ensure active participation in the world trading system, which has been managed under the auspices of the WTO since 1995. If a new round of multilateral trade negotiations is started, it must recognise and provide for the African continent’s special concerns, needs and interests in future WTO rules.”

Scope: 
Africa