Business Africa

The private sector is the engine of growth and economic development. The role of African businesses, particularly organized business, is critical. Through enhanced public-private dialogue, African employer federations working closely with their member companies articulate and advocate for the needs of these members. Equally important is the role of African governments in creating an enabling business climate. Those African countries that have made progress in the World Bank Business Reports have institutionalized and enhanced public-private dialogue.

Business Africa seeks to enhance the business voice in continental bodies such as the African Union Commission, the United Nations Economic Commission for Africa, the ILO Regional Office for Africa, the African Development Bank and other continental bodies. Business Africa will also build on relations developed within the United Nations system, the IMF, the World Bank, the WTO and others.

In addition to pursuing its relations with European and American business groups, Business Africa aims to build partnerships with business federations from emerging economies such as China, India, Brazil and Russia. It is important that African business is represented in a much more coordinated way during economic summits that bring together Africa and emerging markets.

Business Africa also seeks to strengthen regional integration to boost intra-African trade. The development of rail, road and energy projects through PPPs to facilitate trade and business links is a key objective.