Common use of Private Sector Development Clause in Contracts

Private Sector Development. 1. The Parties shall promote and strengthen the role of the private sector as an effective drive of sustainable development based on corporate social responsibility and responsible business conduct. They shall provide an enabling environment to unlock the potential of opportunity-driven entrepreneurship and to better harness Africa’s entrepreneurial base, combining a mix of tools such as financing, services and training, business culture and regulatory frameworks, innovation and the application of modern technologies. They shall pay particular attention to the informal sector and the formalisation of informal economic activities.

Private Sector Development. 1. The Parties shall promote and strengthen the role of the private sector as an effective drive driver of sustainable development based on corporate social responsibility and responsible business conduct. They shall provide an enabling environment to unlock the potential of opportunity-driven entrepreneurship and to better harness Africa’s entrepreneurial base, AfricD¶V HQWUHSUHQHXU combining a mix of tools such as financing, services and training, business culture and regulatory frameworks, innovation and the application of modern technologies. They shall pay particular attention to the informal sector and the formalisation of informal economic activities.

Private Sector Development. 1. The Parties shall promote and strengthen the role of the private sector as an effective drive driver of sustainable development based on corporate social responsibility and responsible business conduct. They shall provide an enabling environment to unlock the potential of opportunity-driven entrepreneurship and to better harness Africa’s entrepreneurial base, combining a mix of tools such as financing, services and training, business culture and regulatory frameworks, innovation and the application of modern technologies. They shall pay particular attention to the informal sector and the formalisation of informal economic activities.