Description
When at every turn they find a new twist or a new requirement foreign investors in Africa can be easily discouraged from setting up businesses. Although many African governments have liberalized and reformed investment policies and promote themselves as investment sites the reality facing investors differs greatly. To help change the lack of investor response to Africa's enticements this book examines the administrative constraints to investment in several African countries. It presents the experience that confronts investors when they set up a company. The case histories demonstrate how the morass of licenses approvals permits and other requirements that result in undue delays and unforeseen costs encourage bribery and corruption and foster an environment of pervasive uncertainty for all investors. The chapters are divided into four areas which correspond roughly to the chronological process of investment. They are: general approvals licenses and registrations; specialized approvals; requirements to gain access to land site development and utility connections; and operational requirements. This publication will be of interest to government officials academics and investment firms.
Features
Published Date:
01/06/2000
ISBN:
9780821346297
Author:
Melvin T. Spence
Publisher:
World Bank Publications
Format:
Paperback / softback
Pages:
208
Language:
English