The original draft of this study was prepared by John HE Maré, a South Africa‐based consultant. Subsequent updates have been undertaken and comments and suggestions have been provided by Kerri Elgar, Said Kechida, Dambudzo Muzenda and Mike Pfister
(NEPAD‐OECD Africa Investment Initiative), and Olivier Schwank , Katrin Toomel and Juliet Wasswa‐Mugambwa (UN Office of the Special Adviser on Africa). The study also benefited from comments by Ben Idrissa Ouedraogo and David Wright,
(UN Office of the Special Adviser on Africa). Carol Sakubita (UN OSAA) provided logistic support. The work was carried out under the overall direction and guidance of David Mehdi Hamam, Chief, Policy Analysis and Monitoring Unit, UN OSAA
and Karim Dahou, Executive Manager, NEPAD‐OECD Africa Investment Initiative.