Is Africa open for business?
On Wednesday, May 25, there will be a Thomson Reuters Newsmaker in London. This is the second of the series “Is Africa Open for Business?”
Reuters Breakingviews Editor Hugo Dixon will moderate a panel with Amani Abeid Karume, who was President of Zanzibar from 2000 to 2010, Lord Paul Boateng, who was British High Commissioner to South Africa from 2005 to 2009, Arabia Monitor President Florence Eid and Nubuke Investments Managing Partner Tutu Agyare.
A common refrain from companies that are reluctant to do business in Africa is the prevalence of corruption and the lack of legal and political frameworks that insure the rule of law, human rights and the enforceability of contracts, typically covered under the catch-all term of “political risk”. As the world has watched events unfold in North Africa and Ivory Coast, the term is being used profusely by media pundits pondering the short- and long-term effects of every incident on political and economic stability in the region and beyond.
Dixon and the four panelists will discuss the role peaceful leadership succession can play in reducing “political risk” and promoting democracy, good governance and economic development on the African Continent.