Africa is often perceived as a ‘risky’ place to do business – a perception that often seems to be borne out by media reports. But how accurate is this stereotype from a legal risk perspective?

Undoubtedly, investment in Africa carries a greater degree of legal risk than in developed markets – and this impacts on the level of investment activity. United Nations (UN) figures show Africa lags well behind the rest of the world in terms of foreign direct investment (FDI).