Assembly/AU/Dec.685(XXX)
Page 2
7.
RECALLS
the
Decisions
Assembly/AU/Dec.488
(XXI)
and
Assembly/AU/Dec.508(XXII) and NOTES WITH SATISFACTION the NEPAD
Agency’s 5% Agenda campaign by the Continental Business Network (CBN),
aiming to increase investment allocations by African institutional asset owners,
like Pension and Sovereign Wealth Funds, into African infrastructure from its
current low base of about 1.5% of assets under management to a more impactful
5%;
8.
WELCOMES and ENDORSES the final version of the Model Law for Transboundary Infrastructure Projects in Africa (PIDA Model Law) developed by
UNECA in response to the Decision Assembly/AU/Dec. 563 (XXIV) and calls on
Member States to consider the PIDA Model Law as part of the tools for
enhancing private sector investment in transboundary infrastructure in Africa and
REQUESTS NEPAD Agency, United Nations Economic Commission for Africa
(UNECA) and the Regional Economic Communities to assist Member States in
domesticating the Model Law within their respective national legislative bodies;
9.
RECALLS the Decision (Assembly/AU/Dec.601 (XXVI) of January 2016, in which
the year 2017 was themed “Harnessing the Demographic Dividend through
investments in Youth”, and TAKES NOTE of the ongoing development of the
Skills and Employment for Youth (SEFY) strategy by the NEPAD Agency,
strategy for implementing various continental policy frameworks and to support
national development policy planning, as well as engage private sector to drive
inclusive economic growth and wealth creation;
10.
COMMENDS the NEPAD Agency and the African Union Commission, in
cooperation with the Government of Germany, for establishing the Skills Initiative
for Africa Finance Facility hosted at the NEPAD Agency in 2017, INVITES other
African Member States to work with the NEPAD Agency for the extension of the
Skills Initiative for Africa Funding Facility for funding of projects related to
Technical Vocation and Education Training (TVET), including development and
rehabilitation of TVET facilities;
11.
COMMENDS the NEPAD Agency for establishing the Presidential Infrastructure
Champion Initiative (PICI) and WELCOMES the efforts by African Heads of
states and government to become actively involved in the development and
implementation of regional and continental infrastructure projects; WELCOMES
Namibia’s accession into PICI;
12.
COMMENDS progress made on the efforts initiated by Member States and
partners to tackle TB as a multi-sectoral regional challenge such as the Southern
Africa TB and Health Systems Support Project which is galvanizing efforts of
Lesotho, Malawi, Mozambique and Zambia, and other SADC countries.
WELCOMES efforts towards establishing regional centres of excellence on TB
control and setting up a recognition scheme for private sector’s contribution to TB
30th Ordinary Session of the Assembly, 28- 29 January 2018, Addis Ababa, Ethiopia
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