ECOWAS Trains IPAWAS on Investment Promotion for Economic Growth.
By Raymond Enoch
The Economic Community of West African States (ECOWAS) Commission conflicts a two-day capacity-building workshop aimed at strengthening the Association of Investment Promotion Agencies for West African States (IPAWAS) to understand the evolving global investment landscape.
The training is designed to enhance collaboration among the region’s Investment Promotion Agencies (IPAs) and equip them with the skills necessary to drive economic integration and sustainable development in the region.
With a clear focus on optimizing investment flows, the program seeks to improve the capacity of IPAS to attract quality investments by providing them with essential tools and knowledge. The training emphasizes the need for IPAs to stay ahead of global investment trends while positioning West Africa as a competitive player in the global Foreign Direct Investment (FDI) landscape.
As part of the capacity-building initiative, participants are being equipped to leverage two key regional frameworks: the ECOWAS and the African Continental Free Trade Area (AfCFTA) agreements. By doing so, IPAWAS will be able to strategically position the region to tap into the growing FDI market, which is crucial for accelerating economic development and integration.
The training also underscores the importance of creating synergies among the different IPAs within West Africa, fostering a unified approach toward attracting investment, and ensuring that the region can compete effectively in an increasingly interconnected global economy.
Through this initiative, ECOWAS is reaffirming its commitment to advancing the economic integration of West Africa by empowering the key stakeholders in investment promotion to play a pivotal role in shaping the region’s economic future. The training serves as a vital step in ensuring that the region’s investment landscape remains dynamic, competitive, and aligned with global investment trends.
With the enhanced capabilities of IPAs, West Africa is set to become an even more attractive destination for Foreign Direct Investment, which is essential for achieving sustainable development and economic prosperity.
