On the occasion of the AfDB 2016 Annual meetings in Lusaka, Zambia, the NEPAD co-organized the Second Continental Business Network (CBN) meetings with the African Union and the African Development Bank (AfDB) as well as a support from the Development Bank of Southern Africa and Barclays Bank. I strongly believe this initiative has the power to durably change the way Africa works.
This ambitious network serves as an exclusive infrastructure investment advisory platform engaging African policy makers and leaders in the private sector on a range of strategic issues related to infrastructure development. It is focused on the critical role that the private and public sectors need to play in de-risking infrastructure development projects identified under the Programme for Infrastructure Development in Africa (PIDA).
At the close of the meeting,some key recommendations and outcomes included many instrumental proposals to ensure the recruitment of competent infrastructure experts, development of local capital markets, standardizing and predictability of regulatory frameworks, de-risking priority projects through bilateral engagements with Heads of States and Government, improving incentives for institutional investments and increased transparency of funding plans and the need for reliable data.
It will be our pleasure to present the outcome of the gathering at the upcoming African Union Heads of State Summit in July in Kigali, Rwanda!