Partnership for Investment and Growth in Africa (Main Phase)
PIGA is a partnership of the Government of the United Kingdom of Great Britain and Northern Ireland’s Department for International Development (DFID), China-Africa Development Fund (CADFund), China Council for the Promotion of International Trade (CCPIT) and the International Trade Centre (ITC).
Under this partnership, DFID, CADFund, CCPIT and ITC deliver together a project to increase investment-led exports and local development in two productive sectors, agro-processing and light manufacturing.
PIGA was officially launched on 22 October 2015 in London, on the sidelines of Chinese President Xi Jinping’s state visit to the UK. PIGA, is a component of Invest Africa, a large DFID programme linking private sector investors, buyers, financiers and governments in several African countries to boost manufacturing and create jobs by increasing foreign direct investment (FDI).
To increased exports, jobs and local development through foreign investments and business partnerships in agro-processing and light manufacturing sectors in Ethiopia, Kenya, Mozambique and Zambia.
To achieve the project goal, the PIGA main phase activities are:
Facilitate and generate business partnerships between African and Chinese companies
-Organizing B2B events, investment awareness seminars and visits of Chinese investors to Africa
-Building capacities of African companies to receive FDI and technology transfer
-Promote linkages between investors and local suppliers
Strengthen capacities to deliver investment services
-Improve Trade and investment support institutions’ (TISI) investment promotion services
-Develop investment guides and online investment information platforms for foreign investors
-Improve TISIs effectiveness in measuring and monitoring FDI
Overcome obstacles to FDI and enable knowledge shared (UK-China-Africa)
-Conduct public-private roundtables at national level to address reported challenges by investors
-Organize Investment Business Summits and workshop for experience and knowledge sharing
Sustainable Development Goals
The Partnership for Investment and Growth in Africa (PIGA) aims to increase growth and job creation in Ethiopia, Kenya, Mozambique, and Zambia by promoting sustainable Chinese investments in the agro-processing and light manufacturing sectors.
Through PIGA, the International Trade Centre (ITC) has:
Facilitated seven investment deals worth more than $115 million to four PIGA countries. These investment deals generated 2,989 jobs and more than 14,500 committed to future development.
Organized 20 business and investment promotion events and seven roadshows with more than 1,700 African, Chinese, and UK stakeholders participating.
Developed 35 kinds of investment promotion materials with African Investment Promotion Agencies (IPAs).
Trained more than 800 IPA staff to improve their investment promotion services, and customized and implemented a Foreign Direct Investment tracking tool within each IPA.
Developed communication and investment promotion materials for Investment Promotion Agencies.