The Investment Climate Facility for Africa
- Department for International Development
- 3 September 2014
- Democratic Republic of the Congo, Ethiopia, Ghana, Kenya, Liberia Malawi, Mozambique, Nigeria, Rwanda, Sierra Leone, Somalia, South Africa, Sudan, South Sudan, Tanzania, Uganda, Zambia, and Zimbabwe
- Private sector/business
Helps lower the cost of doing business in Africa and promote a better investment climate across the continent.
The Investment Climate Facility for Africa (ICF) works to improve the investment conditions in Africa. The ICF aims to bring about more business-friendly policies, laws and regulations across Africa, and to strengthen the institutions that administer them. ICF provides a unique forum for the private sector to work in partnership with governments and donors to improve the investment climate in Africa.
The ICF focuses on areas where practical steps can be taken to remove constraints and problems. It supports government projects such as streamlining business registration and licensing systems, reforming customs administration and taxation, and removing barriers to competition.
ICF works with Africa’s business community to identify priority areas for intervention and to help secure government support for reform. ICF does not fund businesses or any projects that are to the benefit of 1 particular company or small group of companies. All projects funded by ICF must be for the benefit of the business community as a whole, broad sectors (eg the ICT sector) or parts of the business community (eg small- and medium-sized enterprises). ICF projects are implemented in partnership with African governments and regional economic communities. Any government receiving ICF support and funding must have submitted to, or be supportive of, the New Partnership for Africa’s Development (NEPAD’s) Peer Review Mechanism.
How to apply
Full details are available on the The Investment Climate Facility for Africa (ICF) website
Published: 3 September 2014