The Pan African Movement Entrepreneurs Council (PAMEC) is the apex body within Africa for Public and Private Sector Engagement. It is established to foster the interests of the Private Sector and Public wealth creation in the integration process of the African Economies. Its membership and representation are drawn from The Global Pan African Movement.
PAMEC’s objective is to be an effective fostering agent of entrepreneurship development in a competitively fair business environment and promotion of private sector’s regional and global participation in trade and investment. PAMEC, therefore, provides a regional platform through which the local entrepreneurs can in partnership with the international player be competitive globally. This is done by creating a more conducive business environment through targeted sustainable policy reforms and fair business practices. Additionally, PAMEC also works towards promoting private sector’s regional & global competitiveness in trade and Investment through addressing challenges experienced by Members at governmental, organizational and firm level; and through the provision of tailored market intelligence.
PAMEC’s key stakeholders are primarily the Pan African Movement Secretariat, the Business Community as represented through Members and their affiliates, Regional Policy Makers, Global Finance Institutions and Corporations. PAMEC has an “Observer Status” at the Pan African Movement Secretariat and all affiliate bodies. This enables participation in all relevant Pan African Movement activities and deliberations, not only at the Secretariat but also in other organs and institutions.
PAMEC is the premier platform for effective development and organization of African entrepreneurs in Public and Private sector investment within the African Economies, fostering equitable fair sustainable profitability, economic growth and broad-based wealth creation in the region.
Our mission is to represent and promote the interests of both Private and Public Sector engagement with equity in real benefit founded on an ethical African entrepreneur. This is done by developing a multilateral body of ethical entrepreneurs who can then carrying out due diligence on both parties objectives and creating a mutually advantageous and sustainable environment for engagement.
PAMEC is guided by the following principles, which govern the internal culture:
Honesty, forthrightness, transparency, and non-ambiguity is key in all undertakings for sustainable engagement.
Realization of the goals of the Public sector, of real grassroots wealth creation and non-exploitation, and that of the Private Sector of profitable ventures with constant engagement parameters are catered for by creating a predictable investment climate based on a fair business practices framework. Mutual accountability is thus created.
Constant revision and interrogation of systems and technology are a key to remain a foremost resource to Global business. Factoring of appropriateness and efficiency in usage of innovation, and capacity to re-engineer the same for greater productivity is an integral component of the culture.
The permanence of positive cultural values is entrenched, with accommodative tolerance of different cultures and norms.
OBJECTIVES AND STRATEGY
PAMEC’s objective is to the creation of a competitively nonexploitative business environment and promotes the private sector’s regional and global participation in trade and investment within the Continent, founded on well-developed esthetical Entrepreneurs. This is done by:
- Market Intelligence
Facilitating and promoting all aspects of Private sector involvement in Development within Africa, by strategic Public-Private Sector Partnerships.
- Mitigating Risk
Promoting a predictable, stable and consistent investment and business environment, within minimal unknown parameters.
The PAMEC strategy consists of the twin aspects of Investment and Business Opportunity Conceptualization and Venture Implementation Framework.
PAMEC by its direct and observer status to the Pan African Movement Secretariat and its affiliates has unparalleled access to Market conditions of the continent. This creates a data bank that can be used to formulate initial investment and business opportunities and a corresponding risk management framework. The constituent members of the PAMEC also include international financial institutions and Corporations who bring additional Finance and Investment intelligence.
- Venture Implementation
PAMEC shall undertake the initial Venture Conceptualization, Feasibility and Risk management safeguards, including host country policy revision and identify the Principal Stakeholders in the venture and Negotiating and Managing principles of their terms of engagement and Venture Implementation. PAMEC shall also adopt Facilitator/ Observer status throughout the lifespan of the venture.
PAMEC is managed by a 7 member Executive Committee, headed by an Executive Chairperson, the chairman of Pan African Movement or his representative, and five others. A Secretariat, based in Mombasa, Kenya and headed by the Executive Chairman and limited Staff, serves the day to day needs of the Members.
PAMEC membership of 7 members shall be, An Executive Chairman, Chairman of Pan African Movement or his representative, 2 Prominent Private sector personality from Africa, 1 Prominent Private sector personality from the diaspora, 1 Strategic International Institution/ Personality and 1 Strategic International Financial Institution /Personality.
Annual General Meeting
The Annual General Meeting is the supreme policy-making organ of the Pan African Movement Economic Council. The AGM meets to evaluate, form, disband and appoint the Council members. The interest of the Pan African Movement member shall be represented by Chairman of Pan African Movement.
Headquarters and Virtual Offices
The Executive Office shall be In Mombasa Kenya. There shall be Virtual Offices in Harare [Johannesburg], Accra [Abidjan], Addis Ababa, Kigali [Kisangani], and Algiers [Rabat], Kingston