Investment Climate Facility for Africa (ICF)

Target group:

Small and medium-sized enterprises.

Objective and description:

The Investment Climate Facility (ICF) is a new vehicle for improving investment conditions in Africa. It has been endorsed by key African institutions, including NEPAD; major donor agencies; and key private sector interests. It provides the private sector, G8 countries, and donor agencies with a practical opportunity for reducing barriers to investment in Africa. The ICF will be managed according to business principles The ICF will support appropriately targeted practical interventions. It will systematically focus on areas where practical steps can be taken to remove identified constraints and problems.
The objectives of the ICF are to:

• Build the environment for investment climate reform.
  Encourage, develop and work with coalitions for investment climate reform, and support business government dialogue.
  
• Get the investment climate right.
  Support governments in creating a legal, regulatory and administrative environment that encourages businesses at all levels to invest, grow and create jobs.
  
• Encourage business to respond.
  Improve Africa’s image as an investment destination through a coordinated effort to publicise improvements in the investment climate.
  

The ICF will work in eight priority areas:

• property rights and contract enforcement;
• business registration and licensing;
• taxation and customs;
• financial markets;
• infrastructure facilitation;
• labour markets;
• competition;
• corruption and crime.

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More information:

ICF
2nd Floor, 50 Mirambo Street
P.O. Box 9114 Dar es Salaam, Tanzania
Telephone: +255 22 212 9211
Fax: +255 22 212 9210
E-mail: info@icfafrica.org
Website: www.icfafrica.org