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    NEPAD: A Role for Business

     

     
     
    © International Trade Centre, International Trade Forum - Issue 2/2003

    The New Partnership for Africa's Development (NEPAD) is an initiative of African governments to provide a 'home-grown' response to Africa's development challenges in a globalizing environment. Through NEPAD's Business Group, businesses are partnering with governments and international agencies.

    The NEPAD Business Group, created in 2002, is committed to improving standards of corporate governance, enhancing corporate social responsibility and working with African governments to achieve best practice standards of economic governance.

    The NEPAD Business Group has an action plan which identifies sectoral priorities - areas that will facilitate economic and social development. The group has initiated projects related to energy, water and the information, communication and technology sectors. Efforts to foster capital market development, as well as improving auditing and accounting practices, are also under way.

    Technical assistance

    ITC and the Trade Facilitation Office Canada (TFOC), through their joint Programme for Building African Capacity for Trade (PACT), are also helping African exporters to improve their ability to do business internationally. PACT will provide technical assistance to small and medium-sized businesses and the institutions that support them in four key areas: developing national export strategies; strengthening institutions; enhancing competitiveness of African firms; and promoting business opportunities. In this respect, PACT contributes directly to the objectives of NEPAD's Market Access Initiative.


    Trade Forum staff prepared this article. For more information about the NEPAD Business Group, see their web site (http://www.africaplc.com). For more information about PACT, contact Elizabeth Merz, ITC Senior Trade Promotion Officer, at merz@intracen.org or David Taylor, TFOC, at tfoc@tfoc.ca