THE REQUIREMENTS FOR THE SUCCESSFUL ATTRACTION OF INVESTMENTS INTO AFRICA

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Introduction and historical background to NEPAD

Africa is richly endowed with natural resources and these can be applied to alleviate the problems of poverty on the continent. This study seeks to place emphasis on the Organisation of African Unity (OAU) as the predecessor to the African Union (AU): its administrative functioning, its objective of regional cooperation and integration and its strategic and dynamic programme – the New Partnership for Africa’s Development (NEPAD). In order to achieve the social and economic regeneration and development of the continent, the pre-eminent issue of poverty alleviation, through sustained people-centred development, must be vigorously pursued, so as to provide improved quality of life for Africa and all her people. The engines for poverty alleviation and people-centred development are the economic growth and development of the continent.

The Steering Committee

The Steering Committee of NEPAD comprises the personal representatives of the NEPAD Heads of State and Government. This Committee oversees projects and programme development, develops terms of reference for identified programs and projects, and oversees the activities of the NEPAD Secretariat.

The Secretariat

The NEPAD Secretariat is composed of a small full-time core staff based in Midrand, South Africa. The Secretariat coordinates implementation of projects and programmes approved by the HSGIC. The Secretariat is charged with functions of liaison, coordination, administration and logistics in support of NEPAD.

African Peer Review Mechanism (APRM)

The African Peer Review Mechanism (APRM) was acceded to by member states of the African Union as a self-monitoring mechanism at the 6th Summit of the Heads of State and Government Implementation Committee of NEPAD. Its mandate is to ensure policies and practices of participating states conform to the agreed political, economical and corporate governance values contained in the Declaration on Democracy, Political, Economic and Corporate Governance. Member states of the African Union are encouraged to join the APRM.

CHAPTER 1: BACKGROUND TO THE AFRICAN UNION (AU) AND THE NEW PARTNERSHIP FOR AFRICA’S DEVELOPMENT (NEPAD)
1.1 INTRODUCTION AND HISTORICAL BACKGROUND TO NEPAD
1.2 THE RATIONALE, AIMS AND OBJECTIVES OF NEPAD
1.3 NEPAD’S INSTITUTIONAL MECHANISMS
1.3.1 The Heads of State and Government Implementation Commit(HSGIC)
1.3.2 The Steering Committee
1.3.3 The Secretariat
1.3.4 African Peer Review Mechanism (APRM)
1.4 SUMMARY
CHAPTER 2: RESEARCH METHODOLOGY
2.1 INTRODUCTION
2.2 DESCRIPTION OF RESEARCH PROCESS AND DELINEATION OF STUDY
2.2.1 The definition and nature of research
2.2.2 Research paradigm
2.2.3 Statement of the problem
2.2.4 Research objective
2.2.5 Research question
2.2.6 Research design
2.3 MOTIVATION FOR THE RESEARCH
2.4 LIMITATIONS OF THE STUDY
2.5 RESEARCH METHODS
2.5.1 Research method chosen for this study
2.5.2 Types of research methods
2.5.2 Data collection techniques
2.6 SUMMARY
CHAPTER 3: THE THEORY OF REGIONAL COOPERATION AND ECONOMIC INTEGRATION
3.1 INTRODUCTION
3.2 BACKGROUND TO REGIONAL COOPERATION IN AFRICA
3.3 REGIONALISM AND ECONOMIC INTEGRATION
3.4 POSITIVE MULTIPLIER EFFECTS OF REGIONAL COOPERATION AND REGIONALISM
3.5 THE ROLE OF ECONOMIC BLOCS IN ENHANCING REGIONAL COOPERATION AND INTEGRATION
3.6 CAPACITY BUILDING THROUGH THE AFRICAN DIASPORA
3.7 THE SIGNIFICANCE OF TRADE IN REGIONAL COOPERATION
3.7.1 Intra-continental trade
3.7.2 International trade
3.7.3 Financial reforms in Africa
3.8 SUMMARY
CHAPTER 4: THE ROLE OF THE AU IN PROMOTING REGIONAL COOPERATION AND ECONOMIC INTEGRATION
4.1 INTRODUCTION
4.2 THE ORGANISATION OF AFRICAN UNITY (OAU) AS A PREDECESSOR OF THE AFRICAN UNION (AU)
4.3 THE VISION OF THE AU
4.4 CHALLENGES FACING THE AU
4.4.1 Harmonisation of policies and legislation
4.4.2 Sovereignty
4.4.3 Good governance
4.4.4 Partnership with civil society
4.4.5 HIV/AIDS
4.4.6 Globalisation
4.4.7 Promotion of peace, security and stability on the continent
4.4.8 Fostering unity within Africa
4.4.9 Millennium Development Goals (MDGs)
4.4.10 Debt relief and sustainable debt financing
4.4.11 Effective management of Official Development Assistance
4.4.12 Capacity building
4.5 SUMMARY
CHAPTER 5: THE ADMINISTRATIVE CAPACITY AND LEADERSHIP REQUIRED TO ATTRACT INVESTMENTS INTO AFRICA TO IMPLEMENT AU PROGRAMMES
5.1 INTRODUCTION
5.2 THE IMPORTANCE OF CAPACITY BUILDING IN AU INSTITUTIONS
5.2.1 Budget for the AU
5.2.2 Audits
5.2.3 Procurement
5.3 INVESTMENT IN HUMAN CAPITAL
5.4 LEADERSHIP REQUIRED FOR THE AU
5.4.1 Leadership in general
5.4.2 Visionary leadership and strategic planning
5.4.3 Types of leadership styles
5.5 SUMMARY
CHAPTER 6: THE REQUIREMENTS FOR THE SUCCESSFUL ATTRACTION OF INVESTMENTS INTO AFRICA
6.1 INTRODUCTION
6.2 INVESTMENTS
6.2.1 Domestic investment
6.2.2 Foreign Direct Investment (FDI)
6.3 ISSUES THAT INFLUENCE RETURN ON INVESTMENT (ROI)
6.3.1 Infrastructure
6.3.2 Peace and security
6.3.3 Information and communication technology
6.3.4 Market access and intra-Africa trade
6.3.5 Partnerships with the G8, EU and international organisations
6.3.6 Health, HIV and AIDS
6.3.7 The need to increase levels of economic growth and strengthen the RECs
6.3.8 Dealing with corruption
6.3.9 Debt relief
6.3.10 Linkages between Official Development Assistance (ODA) a investments
6.4 EXPERIENCE SHARING BETWEEN THE EUROPEAN UNION(EU), THE UNITED ST
OF AMERICA (USA) AND THE AFRICAN UNION (AU)
6.4.1 Relationship with the European Union (EU)
6.4.2 Relationship with the USA
6.5 SUMMARY
CHAPTER 7: RESEARCH FINDINGS, RECOMMENDATIONS AND CONCLUSIONS
7.1 INTRODUCTION
7.2 RESEARCH FINDINGS
7.3 RECOMMENDATIONS
7.4 CONCLUSIONS
8. BIBLIOGRAPHY

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THE ROLE OF THE AFRICAN UNION AS A VEHICLE FOR INVESTMENT INITIATIVES AND REGIONAL COOPERATION: A CRITICAL OVERVIEW OF THE NEW PARTNERSHIP FOR AFRICA’S DEVELOPMENT (NEPAD)