Freeing Business From A Tangle of Red Tape
IT TAKES on average 4.3 days to satisfy the regulatory requirements to start a business in North America, according to the World Bank. In Africa, it takes 69.5 days.
IT TAKES on average 4.3 days to satisfy the regulatory requirements to start a business in North America, according to the World Bank. In Africa, it takes 69.5 days.
WE BEGAN this study with the question: How should Africa choose between its many needs, given limited financial resources, and to what extent should business imperatives influence the setting of development priorities?
Commonwealth Business Environment Survey 2003: ‘The top three perceived barriers to investment, as ranked by private-sector respondents in both developed and developing countries, were: corruption; policy instability; and inadequate infrastructure.’
Over a seven-year period, nearly one-third of all government revenues in Kenya were lost to shady deals, embezzlement, unauthorized spending and tax revenue collection, according to a study of the findings of Kenya’s Controller and Auditor General’s reports from 1990 to 1997.
The New Partnership for Africa’s Development offers a coherent outline of the many interconnected problems that must be solved to develop the continent. But it lacks one critical thing: clear priorities.
NOT even 20 years ago, the route from Nairobi to Nakuru in Kenya rolled seamlessly out across the great Rift Valley, ensuring smooth passage for people and goods moving westward toward Uganda.
The predictions certainly seemed plausible. Mix drought with Mugabe’s chaotic upheaval on the commercial farms and what once was a bread basket was bound to become a dust bowl.
IN THE highly lucrative world of tobacco production, Malawi and Zambia were never big players.
THIS year will mark the fifth year since the core elements of the New Partnership for Africa’s Development were first put forward as the Millennium Africa Recovery Plan.
DR. PETER Eigen, founder of the global corruption watchdog group Transparency International, spoke with the South African Institute of International Affairs in Johannesburg on two recent occasions. The following are excerpts from those interviews.