Regulatory Compliance: A Crucial Governance Obligation in advancing Accountable Public-Private Partnerships (PPPs) under the AfCFTA Agreement

• Published in: Strategic review for southern Africa = Strategiese oorsig vir suider-Africa Vol. 46; no. 1; pp. 163 - 200
• Main Author: Cave, Lincoln
• Format: Journal Article
• Language: English
• Published: Pretoria University of Pretoria, Institute for Strategic Studies 01.05.2024; University of Pretoria
• Subjects: Agreements; Appropriateness; Biological organs; Case studies; Compliance; Corruption; Developing countries; Development banks; Economic development; Economic growth; Ethics; Free trade; Governance; Infrastructure; International trade; Joint ventures; LDCs; Legal documents; Morality; Partnerships; Public private partnerships; Public sector; Public-private sector cooperation; Ramaphosa, Cyril; Regulatory compliance; Resource management; Nigeria; South Africa; Africa
• ISSN: 1013-1108; 1013-1108
• DOI: 10.35293/srsa.v46i1.4556

The African Continental Free Trade Area (AfCFTA), once fully implemented, provides the basis for Public-Private Partnership (PPP) projects to become the most appropriate means to facilitate and contribute to meeting the economic development goals of individual African states. However, the agreement emerges against the backdrop of chronic institutional governance failures in matters of public resource management, which continue to affect the service delivery mandate of governments in developing states. Therefore, any such project needs to guarantee accountable, efficient, effective, and result-driven outcomes. This is to safeguard against such initiatives not depriving citizens of benefitting. The article presents regulatory compliance as a crucial component in the role of private and public entities to assist governments to realise developmental goals through suitable joint venture projects.