From August 30 – September 7, the Hub conducted an Investment Promotion Agencies (IPAs) capacity building workshop in Bujumbura, Burundi. Burundi Investment Promotion Agency staff learned international best practices for showcasing potential Burundi investments, with the goal of attracting high-quality foreign direct investment to the country.
The workshop curriculum was aligned with Burundi’s development agenda and investment promotion policies.
“The capacity building training is changing the mindset of staff on how be pro-active in promoting Burundi to investors. It will help us improve the content on our website by providing useful data,” said Esaie Ntidendereza, Burundi Investment Promotion Agency , Head of Investment Promotion.
The workshop covered the following topics:
- An overview of foreign direct investment (FDI); its importance to Burundi, and the current trends observed regionally and globally.
- IPA best practices in attracting FDI as highlighted in the World Bank’s Global Investment Promotion Best Practices report, using Board of Investment Mauritius as a case study. According to the World Economic Forum Global Competitiveness report 2016, Board of Investment Mauritius was named as the best performing agency in Africa.
- Bench marking IPA Burundi against best practices to identify gaps, and then developing action plans to address these gaps.
“The best practice training has enabled API to overcome the resource constraints that limit our ability to travel and benchmark performance with other IPAs. It will help us realize improvements particularly in the information we communicate to investors and in strengthening our research capability to gather statistics that will support our business case,” said Deogratias Mbonimpa, Burundi Investment Promotion Agency , Assistant to the CEO.
Burundi Investment Promotion Agency staff developed an action plan to address gaps in best practices, with individual staff assigned to tasks.
“The training promotes practical exercises and teamwork in completing tasks that take staff out of their comfort zone. It also allows them to share knowledge in their areas of expertise. Together, we have created a work plan and assigned individual responsibility for completing tasks that will improve the organization’s interaction with investors,” said Christine Ng’ang’a, Hub’s Investment Promotion Agencies consultant.
The Hub has retained a regional investment expert to offer capacity building support to the Investment Promotion Agencies (IPAs) in Kenya, Uganda, Burundi, Tanzania and Madagascar. Her goal is to help IPAs properly profile investment projects that could draw high-quality foreign direct investment.