In June 2015, the NEPAD Agency launched the Continental Business Network (CBN) with the mandate to follow-up and implement the recommendations emanating from the 2014 Dakar Financing Summit (DFS), during which the NEPAD Heads of State and Government Orientation Committee (HSGOC) met and agreed upon a plan of action to involve the private sector in financing infrastructure.
Due to the partnership that exists between the NEPAD Agency and the NBF, Stanley Subramoney, Chairman of the NBF was elected to co-Chair the CBN Council meeting in held in New York on 16 October 2015. Because of the existing NEPAD Agency – NBF relationship, new avenues for enhanced collaboration between the two organisations will open up offering the posibility of new opportunities to increase the NBF Afri-ID’s involvement in NEPAD PIDA projects that the CBN will be focused on .
The CBN constitutes a CEO-level private sector infrastructure leaders dialogue platform for the AU Heads of State on the Programme for Infrastructure Development in Africa projects (PIDA) and the Presidential Infrastructure Champions Initiative (PICI). It is to engage and advance private sector priorities and requirements to invest in regional and cross-border projects. In addition, the CBN will act as an exclusive Infrastructure Investment Advisory platform for high-level African policy makers, providing thought leadership and engagement on a range of strategic issues such as project packaging, procurement, policy, investment risk rating(s), structuring and the overall promotion of projects to the private sector.
For more information on NBF involvement with the NEPAD CBN, kindly contact Terrence Mutuswa, NBF Marketing and Communications Officer on email: email@example.com or tel: +27 10 596 1899.