Economics & Development

This executive summary summarizes findings from the support provided to three AfCFTA members (Rwanda, Togo, and Zambia) in implementing the African Continental Free Trade Area Agreement (AfCFTA)’s Protocol on Investment (POI or Investment Protocol). The POI seeks to promote intra-African FDI and also sustainable investment. Adopted in Feb. 2023, States must implement the POI within 5 years. Under the country work, the team conducted legal diagnostics in the 3 pilot countries. In Rwanda and Togo, the objective was to compare the domestic investment law to the AfCFTA Protocol on Investment and identify policy and legal changes needed to implement the Protocol. In Zambia, the aim is to help develop a model Bilateral Investment Treaty (BIT) that is aligned with the Investment Protocol.