The foreign investor's view of the investment climate in developing Africa

Abstract

The need for a statement of the foreign private investor's view of the investment climate in developing Africa issues from two distinct elements in the African economic situation. In the first place, there is a fair-size gap between the overall investment ratio and the savings generated within the economies. This reliance on external resources, which will probably enlarge further during the acceleration of investment requirements in the course of the Second Development 'Decade, is even more crucial in developing Africa than in other under-developed areas because of the greater paucity of an kinds of skills required in modern economic development.