The foreign direct investment environment in Africa

Abstract

This paper discusses the legal, business, and economic environment for foreign direct investment (FDI) in Sub-Saharan Africa. It finds that despite recent improvements, the FDI environment is still inadequate to attract high quality, efficiency-seeking, global FDI; and, that Africa is lagging behind in the development of its competitive factors of production. The paper suggests a way forward - which includes improving the competitiveness of the investment climate; attracting FDI into existing areas of comparative advantage, such as extractive, and other natural resource activities; developing regional networks, and integration; and, accelerating privatization.

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