According to a report by Kenyan paper Business Daily, a reduction in red tape and an improvement in political conditions means that sub-Saharan Africa is becoming a more attractive destination for foreign direct investment, especially from India. This theme was highlighted at a conference organised by the South African Institute of International Affairs where experts from India and Africa examined ways of deepening engagement between South-South economies.The South African Institute of International Affairs (SAIIA) is highly attuned to Regulatory Reform issues and publishes reports focusing on ways to improve the business climate, with detailed studies on NTBs. Its site also promotes the African Peer Review Mechanism, an interesting tool for the 21 members (2006 figure) to work together to implement reforms to achieve better governance and consolidate democracy. A conference will be held on 28 June by SAIIA to monitor progress of APRM in Southern Africa.
For background on RR in Africa, see paper by IFC coordinator P. Ladegaard and the proceeds of the Mombasa meeting of the Network of Reformers (already summarized on this blog).
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