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.

每当他们发现新的转折点或新的要求时，在非洲的外国投资者很容易被阻止创业。尽管许多非洲国家政府已经放开和改革了投资政策，并将自己宣传为投资场所，但投资者面临的现实却大相径庭。为了帮助改变投资者对非洲诱惑的“缺乏反应”，本书考察了几个非洲国家投资的行政限制。它展示了投资者在成立公司时所面临的经验。案例历史表明，导致不当延误和意外成本的执照、批准、许可证和其他要求的泥沼如何鼓励贿赂和腐败，并为所有投资者营造一个普遍不确定的环境。