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14 FOREWORD


HE Dr Jean Ping Chairperson of the African Union Commission


Brothers and sisters of the continent, friends and partners of Africa,


M


y fellow Africans and friends of Africa, I am extremely pleased to present to you Invest in Africa, a showcase of investment information on our great continent’s successes thus far. This publication highlights Africa’s accomplishments, reminding us of how far we have come, and is an invitation to our friends who have


yet to discover Africa’s treasures. This inaugural edition of Invest in Africa, published by Newsdesk Media, will provide you with insight into the myriad investment opportunities available across the African Union’s 54 Member States, as well as practical information on how to find and take advantage of them for the mutual benefit of African economies and international investors. We have much to be proud of as we have entered an era of democracy. Many of


our nations have held elections, ushering in economic growth under democratic dispensations. This new age of increased transparency and accountability has also enabled the strengthening of key institutions, such as judiciaries and civil society, as well as economic transformation, with privatization and deregulation of key industries opening the playing field to both indigenous and international private investment, as well as opportunities in numerous sectors – from agriculture to the arts, health to leisure, infrastructure to natural resources, and finance to telecommunications. The African Union Commission’s Strategic Plan 2009-12 is being implemented


across four strategic pillars – peace and security; development, integration and cooperation; promotion of shared values; institution and capacity-building. Above all, these ideas are designed to foster the improvement in the welfare of Africa’s people, which of course involves strong economic and investment-related components. This Plan provides a framework to further exploit traditionally profitable industries – such as oil and gas, minerals, and timber – but also for developing previously neglected sectors, including information and communications technologies, financial services, manufacturing, renewable energy, and tourism, hospitality and leisure. Additionally, the African Union also aims to create partnerships to develop sectors that provide social services – such as health, education, and water and environmental services – which will also provide investors with lucrative returns. Africa has traditionally been viewed by mainstream individual investors and institutions as an unattractive investment destination. However, in the face of the


INVEST IN AFRICA 2011


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