INTERNATIONAL ORGANISATION ROUND-UP: RED TAPE
September 1st, 2004
BY KEITH NUTHALL
SUB-SAHARAN Africa countries are restricting their growth through burdensome company registration regulations, claims the International Finance Corporation (IFC). It adds most countries in the region (bar South Africa and Botswana) have weak property protection laws. Chad requires 19 procedures to register a business, compared with two in Australia. In Angola, it takes three years to enforce a contract, a process most expensive - said the IFC - in east Asia.
SUB-SAHARAN Africa countries are restricting their growth through burdensome company registration regulations, claims the International Finance Corporation (IFC). It adds most countries in the region (bar South Africa and Botswana) have weak property protection laws. Chad requires 19 procedures to register a business, compared with two in Australia. In Angola, it takes three years to enforce a contract, a process most expensive - said the IFC - in east Asia.
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