What can African countries and organizations do to reshape the regulatory environment, creating a more investment friendly climate?
African countries and organizations are already doing a lot to create a conducive environment for domestic and foreign investment. What is required on their part is the deepening of efforts in this regard. Organizations such as the African Union and the Regional Economic Communities (RECs) have put in place mechanisms for the prevention and resolution of conflicts within and between member states. The African Peer Review Mechanism (APRM), which is the flagship of AU’s New Partnership for Africa’s Development Programme (NEPAD) is aimed at enhancing good political and economic governance in Africa. The increasing adherence of African countries to the principles of democracy, rule of law, respect for human rights, transparency and accountability, has contributed to the reduction of conflicts, enhancement of political stability, and reduction of political risks for investors on the continent. Economic policy reforms, including privatization and the strengthening of public-private sector pa
