Accelerating private sector engagement and investments in Africa is a priority to achieve sustainable development and inclusive growth in the continent. There is a need to develop new strategic ties and partnerships between foreign investors and African Governments. Such partnerships should be based on new generation investment policies that guarantees a balance between investment protection and the right of African countries to regulate for public policy objectives. The event will shed light on the challenges and opportunities for investment in Africa. It will highlight recent efforts pursued by the Organisation of Islamic Cooperation (OIC), the Islamic Development Bank (IDB) and UNCTAD to create an environment conducive to attracting more and better foreign investments in Africa and will present the proposed OIC – UNCTAD Guiding Principles for investment Policies that can be used to assist OIC and African countries create more modern and balanced investment rules at the national and international levels.
Issues for the debate
- OIC and IDB cooperation with African countries on investment-related issues and projects.
- Main obstacles to investment in Africa.
- Towards a new generation of investment policies in Africa and beyond: the OIC – UNCTAD Guiding Principles for investment policymaking.