Africa: Open for business
12 October 2007
Business reform in Africa recognized in World Bank-IFC awards
 Image courtesy of Betty Press/Panos Pictures
Today
Ghana, Kenya, and Mauritius were honoured for their performance in the World
Bank-International Finance Corporation’s (IFC)
 Doing Business 2008 report. The
report assesses how easy it is to do business in 178 countries worldwide.
The three countries were recognized at a DFID-supported event in London, which
brought together business leaders, representatives from African countries and
donors to discuss investment and business partnerships as fuel for development
in Africa.
Delivering the keynote address, Baroness Shriti Vadera, Parliamentary Under
Secretary of State, DFID, said, “I am concerned that sometimes we lose
sight of the simple fact that, without growth, sustainable human development is
a largely theoretical proposition. We also sometimes lose sight of the fact that
the purpose of aid is to no longer require it.”
“Africa’s prosperity and stability will not come from dependency on foreign aid
but from sustained, productive private investment. This will require investment
in good governance, in decent infrastructure and the provision of a reliable,
good quality workforce. In the coming months, DFID is looking to work
imaginatively with the private sector.”
The event was sponsored by
Unilever and jointly supported by the
World Bank,IFC,
DFID and
Business Action for Africa (BAA).
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