NEPAD Business Foundation: Achievements that can end Aid

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NEPAD Business Foundation: Achievements that can end Aid

The NEPAD business Foundation is by far the most resourceful of all NEPAD business groups in Africa and also remains in the fore front of implementing NEPAD policies in form of concrete programs of action to promote growth. Since the group is composed of mostly private sector group of companies with vast business ideas and strategies, it never found it difficult to mobilize resources given their track record as successful entrepreneurs. Unlike the traditional government to government Aid with nobody in particular to be held accountable for default or non performance, NEPAD Business Foundation as a group financed its programs mainly from capital investments from the group, corporate loans sourced from the African Development Bank, Industrial Development Corporation (IDC) of South Africa, and contributions from governments in case of public- private partnership venture. What makes these loans serviceable is because they are not given to governments but to entrepreneurs who knows that they will be accountable for it upon maturity. The following discussion will focus on some of their activities and programs that when sustained can drive growth and end Africa’s reliance on development Aid and by extension official development assistance.

NEPAD Business Foundation’s Project Management Office

In the past, coordination of development projects in Africa has either been led by government agencies or donors hence leading to controversy over tying or untying of Aid debate on one hand and massive corruption that has in most times left these development projects or programs poorly implemented or even abandoned. To forestall this experience in the implementation it programs in the Sou...

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...their children to school, buy mosquito treated bed nets, transport their goods across the borders using numerous development corridors . In addition, small and medium scale enterprise can benefit from both the corporate loans NBF is coordinating with Industrial Development Corporation of South Africa (IDC) as well as possible economies of scale when bigger industries outsource.

Furthermore, with enough power generated through the Westcor project to power emerging industries and access to ICT enhanced with the Uhurunet and Umojanet projects many more businesses and opportunities could be created and more people will be employed to earn a living. When all these and the recently launched SADC free trade zone are put into perspective no government will have reason to hanker for development Aid because the population would have since escaped from the poverty trap.

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