Business Action for Africa* recently launched its latest report 2008 MDBs at the midpoint: Accelerating business-led growth and collective action.
The Report focuses on the international and national policies needed to drive growth and poverty reduction in Africa. BAA believes that focusing on the factors needed to facilitate entrepreneurship, investment and innovation is the key to ensuring Africa continues to grow through the economic crisis, and is well position to benefit when the recovery comes.
In the Report, Nicky Oppenheimer (Chairman De Beers) says that: ‘’good governance is not only essential for political stability and for democracies to thrive, it is also a key requirement for the private sector, the engine room of growth, to invest with confidence for the long-term.’’ The report was circulated during the latest event on Harnessing the Power of Business for Development Impact: Assessing impacts of business on development, held on 12th May 2009, at Anglo American plc's London offices.
*Business Action for Africa (BAA) is an international network of over 200 businesses, business organisations and development partners, working collectively to accelerate growth and poverty reduction in Africa.