The significant reform of many of the commercial justice systems in Africa means that the economic growth the continent has generated in recent years is likely to accelerate.
At a moment when global investors are conducting half-year reviews of where the most promising opportunities are for the next six months and beyond, the implications of this reform are worth considering. Commercial justice reform is not the whole answer to enabling business to perform better in Africa, it is a huge contributing factor to removing the barriers that, to date, have inhibited growth.
Through working in Africa with The Coca-Cola Company, and in my current work with the Investment Climate Facility for Africa (ICF), I know from first hand that difficulties with enforcing contracts and obtaining commercial justice are often cited as reasons not to invest in Africa.
