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The Investment Climate Facility for Africa Making Africa an even better place to do business. By Hans Jürgen-Bernsen Africa Ireland Economic Forum Dublin, September 2011. What is ICF?.
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By Hans Jürgen-Bernsen
Africa Ireland Economic Forum
Dublin, September 2011
Priority areas where improvement can generate maximum impact on the overall business environment :
- 40 projects in 14 African countries
- 4 pan-African projects
- 5 special initiatives
ICF projects are delivering tangible improvements to Africa’s investment climate
Continue to deliver tangible results through existing project activity to increase appetite for improvements even further
Broaden geographical footprint (with particular focus on Francophone markets)
Continue to deliver progress against priority themes (with particular focus on Competition & Labour Markets)
Increase investor confidence through delivery of improvements and targeted communications activity
Enabling the business environment will attract, retain and reward domestic and international I
investment.. Africa currently offers 'the highest return on direct investment in the world and growth rates of the past decade demonstrate the enormous potentials
Providing funding and resources to ICF is an opportunity for the private sector to engage in actions that will promote security for their assets, contract enforcement, access to fair and transparent judiciary system and access to a modern public service system with less red tapes and barriers
ICF’s long-term success depends upon ongoing financial support from development partners and the private sector. We will all benefit from a more prosperous and economically stable Africa –and it is worth stressing that the financial and economic returns of an improved investment climate will far exceed the cost of ICF.
THE INVESTMENT CLIMATE FACILITY FOR AFRICA
2nd Floor, 50 Mirambo Street, PO Box 9114, Dar es Salaam, Tanzania
Tel: +255 22 212 9211 Fax:+255 22 212 9210