The AfCFTA Protocol on Investment in Africa - why it’s a magic bullet.
In 2018, AU Heads of State signed the Africa Free Trade Area Agreement in Kigali Rwanda in unprecedented numbers. While the #AfCFTA has itself since gained and maintained momentum, implementation requires additional protocols, policy instruments and tools that create a just and common enabling environment that accelerates unity and equal benefits to all State Parties and their citizenry. One such important protocol is #AfCFTAInvestmentPolicy.
Objective
The principal objective of this Protocol is to support the objectives of the AfCFTA as set out in Articles 3 and 4 of the Agreement, with a view to:
a) Promoting, facilitating and protecting investments that foster sustainable development of State Parties;
b) Establishing a transparent and sound continental legal framework on investment, taking into account the interests of State Parties, investors and local communities;
c) Providing security and predictability in the prevention and management of investment disputes;
d) Creating a level playing field for African investors; or
e) Promoting and enhancing common positions and cooperation on matters related to investment promotion, facilitation and protection on the African continent.
AfCFTA Protocol on Investment sets the foundation for a new era in investment governance, poised to accelerate the attraction of sustainable and high-quality investments into Africa. This protocol ushers in core innovative provisions, designed to address global challenges in investment policymaking on the African continent.
Discover how the Protocol fosters investment promotion, simplifies facilitation, and promotes sustainable development, all under its visionary framework. Be part of the conversation that's shaping the future of investment in Africa! 🚀 #AfCFTA #Investment #AfCFTAProtocolonInvestment
The million $ question remains: how will this protocol lead to economic, dignified work opportunities for more young African women and men? How can African young women and men ready themselves for such both as individuals and as businesses, what capacities do they require? How can/will development partners, private sector and regulators adjust their policies and investments to support African youth in readiness to benefit from the implementation of the #AfCFTA and its supplementary instruments?
Learn more: https://lnkd.in/dzCKqE7F
Claudia Huber Giuseppe Ballocchi Laure Wessemius-Chibrac Edwige Takassi