EU Support to Improving the Investment and Business Environment in SADC (SIBE) – (2019-2024)
To achieve economic diversification and job creation, SADC countries need to develop enabling investment regimes and advance on economic integration. With this €15 million programme, the EU aims to improve the investment climate and attract more foreign direct investment into the region’s non-extractive sectors. The programme is helping remove unfavourable business measures and improve the investment regulatory framework, policy certainty, predictability, consistency and transparency as pre-requisites to attract investments. The programme has so far supported the revision of the Protocol on Finance and Investment as well as the development of National Action Plans for Investment in eight SADC Member States. It is also about to launch the first SADC Investment Scorecard in collaboration with the World Bank and the OECD.