The New Partnership for Africa\u27s Development: Institutional and Legal Challenges of Investment Promotion

This paper is divided into five parts. Part I introduces NEPAD, its philosophical basis and objectives. Part II discusses the investment promotion role of NEPAD and its difference from past development thinking about Africa\u27s problems. In Part III we discuss NEPAD\u27s strategy for realizing investment flows into Africa, some of the NEPAD\u27s institutional weaknesses, and the repercussions thereof in realizing the NEPAD objectives. It also highlights the potential implications of NEPAD to the regional integration plan in Africa. Taking into account the supposed political clash between NEPAD and the AU, Part IV discusses possible ways of restructuring NEPAD to enable it to function better as an investment promotion strategy and Part V concludes