Nepad advocates centralised bankable project information hub

The New Partnership for Africa's Development (Nepad) Infrastructure Project Preparation Facility (IPPF) is suggesting that a one-stop shop initiative – comprising a project hub and a help desk – be established to promote bankable projects in Africa, with the aim of increasing the accessibility of credible information for investors and to establish a regional, country-linked information hub. Nepad, an African Union planning body, suggested in a statement released Tuesday that the establishment of a centralised platform detailing bankable projects could list the projects, as well as outline their financial-readiness in terms of the transparency of their procurement practices, their tenure, risks, returns, the availability of co-financing and the depth of local capital markets, among other definitive factors.