Private investment in Africa

OECD Observer

“Africa is awakening to the realisation that its progress lies in partnership…we have got to be partners against all the evils emanating from the legacy of our history.”

These were the concluding words of Mozambique’s president, Joaquim Chissano, who on 4 April became the second African head of state to recently visit the OECD. Mozambican President Chissano followed Senegal’s Abdoulayé Wade who in February 2002 came to participate in the launch of the Development Centre/African Development Bank’s first African Economic Outlook (see Book reviews).

Speaking to an international audience of diplomats and experts, President Chissano noted the OECD Development Centre’s contribution “to the strengthening of cooperation between Africa and the industrialised countries” in the interest of African development. He said that such co-operation was essential to strengthening the New Partnership for Africa’s Development (NEPAD), especially in the areas of peace, democracy and good governance. The NEPAD is an initiative launched by African heads of state to break the cycle of underdevelopment on the continent.

The Mozambican president emphasised the role of private investment in infrastructure and pointed out the need for the state to create an environment which would encourage and reassure such investment. Using his own country as an example, he brought the link between investment and stability into sharp relief, showing that post-civil war reconstruction could only be undertaken once the private sector had faith in the ability of the authorities to protect investment.

©OECD Observer No 237, May 2003




Economic data

E-Newsletter

Stay up-to-date with the latest news from the OECD by signing up for our e-newsletter :

Twitter feed

Suscribe now

<b>Subscribe now!</b>

To receive your exclusive paper editions delivered to you directly


Online edition
Previous editions

Don't miss

  • How do the largest community of British expats living in Spain feel about Brexit? Britons living in Orihuela Costa, Alicante give their views.
  • Brexit is taking up Europe's energy and focus, according to OECD Secretary-General Angel Gurría. Watch video.
  • OECD Chief Economist Catherine Mann and former Bank of England Governor Mervyn King discuss the economic merits of a US border adjustment tax and the outlook for US economic growth.
  • Africa's cities at the forefront of progress: Africa is urbanising at a historically rapid pace coupled with an unprecedented demographic boom. By 2050, about 56% of Africans are expected to live in cities. This poses major policy challenges, but make no mistake: Africa’s cities and towns are engines of progress that, if harnessed correctly, can fuel the entire continent’s sustainable development.
  • OECD Observer i-Sheet Series: OECD Observer i-Sheets are smart contents pages on major issues and events. Use them to find current or recent articles, video, books and working papers. To browse on paper and read on line, or simply download.
  • How sustainable is the ocean as a source of economic development? The Ocean Economy in 2030 examines the risks and uncertainties surrounding the future development of ocean industries, the innovations required in science and technology to support their progress, their potential contribution to green growth and some of the implications for ocean management.
  • The OECD Gender Initiative examines existing barriers to gender equality in education, employment, and entrepreneurship. The gender portal monitors the progress made by governments to promote gender equality in both OECD and non-OECD countries and provides good practices based on analytical tools and reliable data.
  • They are green and local --It’s a new generation of entrepreneurs in Kenya with big dreams of sustainable energy and the drive to see their innovative technologies throughout Africa. blogs.worldbank.org
  • Interested in a career in Paris at the OECD? The OECD is a major international organisation, with a mission to build better policies for better lives. With our hub based in one of the world's global cities and offices across continents, find out more at www.oecd.org/careers .

Most Popular Articles

OECD Insights Blog

NOTE: All signed articles in the OECD Observer express the opinions of the authors
and do not necessarily represent the official views of OECD member countries.

All rights reserved. OECD 2017