Private Sector Development in Africa: Cornerstone for Sustainable Growth

15/03/2012
Share |

The conference on Africa’s private sector development opened in Kigali, Rwanda on March 14, 2012.

Initiated by the Parliamentary Network, the event’s organizers include the African Development Bank (AfDB) Group, the IMF and the World Bank, with support from the Belgian government.

The event, which brings together over a hundred parliamentarians from forty African countries, was officially opened by Rwanda’s president, Paul Kagame.

Over the next two days, participants will focus on the means to develop Africa’s private sector “as the key to sustainable growth” on the continent.

The AfDB is represented at the event by a high-level delegation led by its sector operations vice-president, Kamal El Kheshen, and includes the AfDB executive director for the Central African Group, André Nzapayaké. The Central African Group comprises Burundi, Cameroon, Central African Republic, DRC and the Republic of Congo.

Speaking during the opening ceremony, Mr El Kheshen recalled that "the development of Africa’s private sector is one of the pillars of the African Development Bank’s activities and strategy." Mr El Kheshen urged African parliamentarians to push further for the enactment of laws and legislations in African countries with a view to creating an ideal environment for the development of the continent’s private sector.

The participants are expected, at the end of the conference, to adopt a plan of action which will define the actions to be undertaken to develop the private sector for sustainable growth in Africa.