ECOWAS to analyse investment climate in West Africa

ECOWAS and industry experts will from this month February 2012 undertake a three-month project for data collection and analysis of West Africa’s investment climate.

ECOWAS said it expects 13 experts and consultants will conduct the survey and analysis using 127 indicators dealing with specific aspects of investment in West Africa.

According to the regional body, it held a meeting with private sector representatives in Abuja and resolved that the “project on investment climate monitoring system will be integrated into the Investment Policy Framework of the ECOWAS community.”

Data from the study will benefit both local and foreign investors as well as government agencies, educational institutions and other public sector institutions, said ECOWAS in a statement.

Officials say the data analysis is important for the ECOWAS common market and is expected to “improve the understanding of factors affecting business activities and conditions in the ECOWAS region.”

By Ekow Quandzie