
Judicial reforms building investors' confidence in Africa
"Confidence in the justice system has a real and direct impact on the investment climate of any country. Assurance on contract enforcement builds on investors' confidence and without it, investors will go elsewhere. When cumbersome and lengthy judicial procedures exist, Small and Medium Enterprises (SMEs) struggle to remain afloat because resources are diverted from running day to day operations. Some of the things that companies want are protection for their property, access to justice and for their staff to be protected. They want assurance on contract enforcement and if any dispute arises, they want a judicial system that will bring rapid and efficient dispute solutions." Emily Macauley, Communications Director of The Investment Climate Facility for Africa (ICF) speaks to Trade Invest Africa http://www.tradeinvestafrica.com/feature_articles/1013060.htm
The Investment Climate Facility for Africa (ICF) works to remove the barriers that exist to doing business in Africa, recognising that a healthy investment climate is vital for the continent's economic growth.
We are a unique and unprecedented partnership between private companies, development partners and governments, founded on the principle that African governments and the private sector need to work together to enable Africa to finally realise its very real investment potential.
We are the only pan-African body, based in Africa, explicitly and exclusively focused on improving the continent's investment climate. We work with receptive African governments to systematically remove constraints to investment in order to make the continent an even better place to do business.
ICF is committed to delivering tangible and sustainable change over a seven year time frame and will measure our progress solely on our contribution to economic activity.