New Partnership for Africa’s Development (NEPAD)
The New Partnership for Africa's Development (NEPAD) is a vision and strategic framework for Africa's renewal.
The NEPAD strategic framework document arises from a mandate given to the five initiating Heads of State (Algeria, Egypt, Nigeria, Senegal, South Africa) by the Organisation of African Unity (OAU) to develop an integrated socio-economic development framework for Africa. The 37th Summit of the OAU in July 2001 formally adopted the strategic framework document.
NEPAD is designed to address the current challenges facing the African continent. Issues such as the escalating poverty levels, underdevelopment and the continued marginalisation of Africa needed a new radical intervention, spearheaded by African leaders, to develop a new Vision that would guarantee Africa's Renewal.
NEPAD's key objectives are:
a) To eradicate poverty;
b) To place African countries, both individually and collectively, on a path of sustainable growth and development;
c) To halt the marginalisation of Africa in the globalisation process and enhance its full and beneficial integration into the global economy;
d) To accelerate the empowerment of women