Abstract

The African Union Commission (AUC) formulated the Pan African Investment Code (PAIC) to serve as a guide and roadmap towards the unification of the investment regulatory regimes in Africa. In the formative stage of the investment protocol to the African Continental Free Trade Agreement (AfCFTA), there were indications from some quarters that suggested the possibility of modelling the AfCFTA investment protocol on the PAIC. However, on 19 February 2023, the AfCFTA investment protocol was adopted by the African Union of Heads of States with no explicit statements as to the guiding ...