By Amadou Keita
Accra, Ghana– The Africa Private Sector issued a press release regarding growth and the “Bill of Rights framework. According to the release, a new policy charter, the Private Sector Bill of Rights (PSBoR), is set to revolutionize the investment landscape across Africa, according to a detailed analysis released today by the Africa Private Sector Summit (APSS). The PSBoR, comprised of 24 specific rights, aims to unlock the continent’s economic potential by aligning with the African Continental Free Trade Area (AfCFTA), Regional Economic Communities (RECs), and the United Nations Sustainable Development Goals (SDGs).
The framework is being hailed as a game-changer for investors, with the potential to dramatically improve market access, reduce regulatory burdens, and boost investor confidence across key sectors including banking, infrastructure, agribusiness, manufacturing, and SMEs. The PSBoR focuses on establishing transparent legal frameworks, reducing investment risks, and streamlining dispute resolution mechanisms.
“This is a turning point in Africa’s economic story,” stated Dr. Lucy Surhyel Newman, CEO of APSS. “The PSBoR is not just a list of rights; it is a practical roadmap that empowers domestic, diaspora, and foreign investors alike while anchoring Africa’s competitiveness in global markets through thriving business environments.”
The APSS analysis provides a comprehensive, sector-by-sector breakdown of how the PSBoR will support SDG-aligned economic transformation. The expected benefits include increased access to finance and financial inclusion, expansion of cross-border agricultural trade, and a significant reduction in regulatory and transactional risks.
The APSS is urging African governments, regional bodies, private sector actors (including national chambers of commerce and federations, bankers’ associations, and bar associations), academia, civil society organizations, labor unions, and development partners to actively promote the adoption and harmonization of the PSBoR.
“We call on all to make the PSBoR the topic of conversation every day at home, in the office, and on the streets,” Dr. Newman emphasized, “to promote its adoption as a valuable tool in furtherance to our collectively aspired New Africa.”
The organization believes the PSBoR will be particularly critical during the second ten-year implementation phase of Agenda 2063, serving as a powerful engine for achieving sustainable development and inclusive growth across the continent, ultimately leading to “the Africa we want.”
The APSS is calling for the widespread adoption of the PSBoR to ensure Africa’s private sector can fully contribute to the continent’s economic advancement and the achievement of Agenda 2063, AfCFTA, and the SDGs.
For more information, please contact Mr. Fortunate Kwiringira, Director Technical at the Africa Private Sector Summit (APSS) at fortunate@africaprivatesectorsummit.org.
