Private Investors for Africa (PIA)
The Private Investors for Africa (PIA), founded in 2001, is a business coalition that brings together ethically like-minded companies with the objective of tapping into their business experience in Africa to tangibly contribute to the continent's future.
At present PIA members include: HEINEKEN, LafargeHolcim, Standard Bank and Syngenta.
In bringing together the PIA member's on-the-ground insight and management drive, the group leverages what the individual businesses are already doing across Africa to greater effect. The PIA has also furthered institutional understanding of the specific opportunities and challenges the private sector faces operating in Africa.
The work of the PIA falls under the carefully selected focus areas, prioritising the fields that benefit most from a united approach under the PIA umbrella. For each of the focus areas, a dedicated working group has been established, composed of the corporate experts responsible for implementation at company level.
The PIA acts as a private sector sounding board towards international institutions such as the World Bank Group, International Monetary Fund (IMF), and European Union with regards to matters concerning the African continent. In addition to this, the PIA executive members meet with the institutions at least once a year to further dialogue between the PIA companies and institutions on activities regarding the four focus areas. These meetings are designed to facilitate cooperation between the private sector and the international community to help African nations develop a positive business environment.See more