By James J. Emery, Melvin T. (Jr.) Spence, Timothy S. Buehrer, Louis T. Wells
Whilst at each flip, they discover a new twist, or a brand new requirement, overseas traders in Africa should be simply discouraged from establishing companies. even supposing many African governments have liberalized and reformed funding rules and advertise themselves as funding websites, the truth dealing with traders differs vastly. to aid swap the 'lack of investor reaction' to Africa's enticements, this e-book examines the executive constraints to funding in numerous African international locations. It offers the event that confronts traders after they manage a firm. The case histories exhibit how the morass of licenses, approvals, allows, and different standards that lead to undue delays and unexpected bills motivate bribery and corruption and foster an atmosphere of pervasive uncertainty for all traders. The chapters are divided into 4 components, which correspond approximately to the chronological strategy of funding. they're: 1) normal approvals, licenses, and registrations; 2) really good approvals; three) specifications to achieve entry to land, website improvement, and software connections; and four) operational standards. This booklet should be of curiosity to executive officers, lecturers, and funding companies.
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Extra info for Administrative Barriers to Foreign Investment: Reducing Red Tape in Africa (Occasional Paper (Foreign Investment Advisory Service))
Following this, support by donor agencies in the form of targeted technical assistance to agencies showing a particular interest in reforms has proven useful. Ultimately, this external support may be combined with more substantial resources in a capacity-building effort. The latter can only be effective, however, once a change of attitude has occurred in the agency, a change that would include the introduction of a "customer service" ethic. Although tackling these barriers is difficult, it can be done.
Mozambique: Setting Up a New Company 182 4. Mozambique: Steps Required for a New Company 183 5. Mozambique: Steps for a Construction Permit and Property Title 184 6. Mozambique: Steps for Obtaining an Industrial License 186 Tables 1. Financing of Mozal 130 2. Growth of Foreign Investment since 1993 177 Page ix PREFACE For almost 15 years the Foreign Investment Advisory Service (FIAS), a joint service of the International Finance Corporation and the World Bank, has been helping governments in Africa to improve their environments for foreign direct investment (FDI).
Nevertheless, in Africa registering a company can be time-consuming. Complications were found in all the countries examined, as follows: · In Uganda no forms were available from the registrar general's officethe office had no money for printingalthough they were available from a local bookstore. The office was not computerized and records were haphazard. Seven different forms were required, some of which were duplicative; and they had to be filed in several distinct steps. · In Ghana, as well, the registrar's office had no forms although a few individuals would loan their personal copy for a fee to be copied by investors.