Africa: IFC Supports Launch of African Corporate Governance Network to Encourage Best Practices


Washington — IFC, a member of the World Bank Group, today announced the launch of the African Corporate Governance Network that will encourage best practices in corporate governance among African institutions, and contribute to capacity building in corporate governance.
The ACGN launch taking place in Mauritius today is sponsored by the IFC Africa Corporate Governance Program based in Nigeria.
The ACGN was formed to develop the institutional capacity of members, enhance effective corporate governance practices and build better governed and more accountable private and public sector organizations in Africa.
Countries currently involved in the network include: Kenya, Malawi, Mauritius, Mozambique Nigeria, South Africa, Tanzania, Zambia and Zimbabwe. Member countries will be bound by the ACGN constitution, which will be signed during the launch.
Jane Valls, CEO of the Mauritius Institute of Directors said, “The African Corporate Governance Network is an important initiative for Africa. I am especially pleased that this event should be taking place in Mauritius on the eve of our international conference. I am confident that the African Corporate Governance Network will soon find its place as one of the major organizations promoting best practices in Africa”.
Chinyere Almona, Head of IFC Africa Corporate Governance Program said, “Strong international …

Source: AllAfrica News: Africa


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