SADC has requested support from USAID’s Southern Africa Trade Hub to carry forward their regional investment policy framework program. After five years of development in cooperation with the Organisation for Economic Cooperation and Development (OECD) and the EU, the SADC Secretariat has completed a regional investment policy framework that will be formally adopted on July 22, 2015 in Johannesburg.
The framework aims to harmonize investment policy in the region and turn Southern Africa into a regional destination for foreign direct investment, spurring regional integration and growth.
The five-year process undertaken by SADC analyzed the investment climate in the region using the OECD’s investment policy framework in order to develop action-oriented guidance for investment policy reform in the region. As the next step in the process, USAID’s Southern Africa Trade Hub will create Investor Roadmaps or “NAPIs” (National Action Programs on Investment) for SADC Member States.
To launch the NAPI process, the Trade Hub will be engaging with officials from the Ministries of Trade/Industry and Investment Promotion Agencies in SADC Member States to conduct a NAPI Readiness Assessment and Way Forward Strategy. The assessments and strategies will be presented to the SADC Investment Focus Group in September 2015 and implementation of Action Plans at the Member State level is expected to start before the end of the year.
Photo: The graphic demonstrates how SADC’s development of a regional investment policy framework will now lead to the formulation of national action programs for each member state