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Periodical article Periodical article Leiden University catalogue Leiden University catalogue WorldCat catalogue WorldCat
Title:African investment codes and African economic integration
Author:Niyonzima, MatthiasISNI
Periodical:Annual conference - African Society of International and Comparative Law
Geographic term:Africa
Subjects:international economic relations
foreign investments
Abstract:During the last two decades, many African governments have sought ways to accelerate economic growth in their countries. Among others, they have enacted new investment rules aimed at encouraging private investment, especially from Western Europe, the US and Japan. At the same time, the idea of regional economic integration in Africa has also made progress in recent years. The question raised in this paper is whether or not the objectives of the African investment codes coincide with those of African economic integration. First, the author discusses the legal and institutional framework for African investment rules and economic integration. Then he examines the progress made in the field of subregional and global integration in Africa, concluding that the purpose of treaties aiming at Africa's economic integration is to strengthen African economies through the encouragement of intra-African trade and investment. Finally, he analyses the new investment codes of several African countries, and finds that while they encourage foreign investment, they do not offer any special incentives to businesses from Africa. Thus they fail to meet the purpose of African economic integration. This integration will not succeed without some kind of positive discrimination in African investment codes in favour of African businesses. Notes, ref.