SMART Aid lays foundations for private sector investment across Africa


Jun 19th, 2009 10:31 AM EST
By Nora Coghlan

The Investment Climate Facility (ICF) is an initiative that grew from the 2005 Commission for Africa and started operations in July 2007. Its aim is to work with receptive African governments “to make the continent an even better place to do business”. It is currently active in ten African countries and working on four pan-regional projects and two other initiatives. The ICF is funded by eight donor agencies – Germany, Ireland, the Netherlands, South Africa, the UK, the African Development Bank and the International Finance Corporation – and nine companies – Anglo American, The Coca-Cola Company, Microsoft, SABMiller, Sasol, Shell Foundation, Standard Bank, Unilever and Zain. Current projects cover issues such as improving land registration in Burkina Faso, Rwanda, and Sierra Leone; improving business registration processes in Burkina Faso, Liberia, Madagascar, and Rwanda; simplifying VAT administration in Lesotho; enhancing the commercial justice system in Mali and Rwanda; and improving customs administration in Senegal.

TAGS: SMART Aid

 

Leave a Comment

 

Name (required)

 

Mail (will not be published) (required)

 

Website

 

Email me when someone else comments on this post.

One Blog

Popular Posts This Month

About the Blog

The ONE Blog is a daily log of the anti-poverty movement. The site is operated by ONE staff, with frequent contributions from volunteers, members and partner organizations.

The ONE Blog updates readers daily with the latest in global development news and analysis and what ONE members and our partners are doing around the world to influence world leaders in the fight against global poverty.

The content of each post and each comment represents the views of that author and does not necessarily reflect the views of ONE or ONE Action. ONE does not support or oppose any candidate for elected office, and any post expressing support or opposition for a candidate is not endorsed by ONE.