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NEPAD and AU Last update: 2020-11-27  

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NEPAD: A New Dawn for Africa

CEO's Views on the chances of a successful African Development Initiative

Copyright © 2002 PricewaterhouseCoopers
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NEPAD has been heralded as a new dawn for Africa - the first time in history that Africa’s leaders have collectively taken responsibility for the continent’s development. But there is much scepticism.

Observers have been asking, what is so different about NEPAD? Why should the AU succeed where the OAU failed? And what is the difference between the two anyway?

The commitment of African leaders has also been questioned. Commentators argue that many African leaders do not seem to care about their own people, let alone those from other countries. Previous failed attempts at sub-regional cooperation are cited as reasons why something more ambitious has no chance of success.

Others doubt the commitment to accountability, with the fear that African leaders will not exercise the peer pressure that is critical to NEPAD’s success. The self-interest fuelling the conflict in the DRC is frequently cited as the way things truly work on our continent.

But are these indictments fair?

Is NEPAD truly different? What are its chances of success? What are the keys to its success? What obstacles must be overcome? And what are the dividends we can expect if it works?

We asked more than 250 CEOs from East Africa for their views and in this report we present our findings. We received comments from 239 respondents in Uganda, Tanzania and Kenya, through face-to-face interviews conducted by an independent research company. CEOs were selected at random from a list of the top organisations in each sector of the economy including publicly listed companies, state owned enterprises, major subsidiaries of MNCs and large private companies.

But before we hear what the CEOs had to say, what actually is NEPAD? What are its goals? And how do our continent’s leaders plan to achieve them?

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