Africa Investment Roundtable

OPENING REMARKS – AFRICA INVESTMENT ROUNDTABLE
Wiseman Nkuhlu,
Chairman, NEPAD Steering Committee
The Africa Investment Roundtable is an important event as it focuses on Africa’s Investment
Initiative in the content of NEPAD and the partnership with the OECD. The key principle of NEPAD is
create an enabling environment conducive for investment – pre-conditions for development, looking at
peace and security, democracy and political governance, economic and corporate governance, which are
essential to the APRM process. There are identified priority sectors for development under NEPAD i.e.
infrastructure development, ICT, human development and poverty reduction covering health and
education, agriculture, promoting diversification of export production and focusing on market access for
African exports. The process of financing development shall be undertaken through increased debt relief,
domestic private savings, increased ODA and private investment flows, and proper fiscal management.
On the issue of governance, the matter must be transparent in order to help countries attract and
benefit from investment flows. Establishing such transparency will require institutional capacity building
and building partnerships in countries to assist in the reform, implementation and monitoring process. The
following are areas proposed by NEPAD and OECD where policy action dialogue and action can help
countries take this initiative forward:Read More
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