Law holds key to Africa’s economic re-emergence – Gumbo

By Chinenye Anuforo
Legal certainty, strong institutions and enforceable contracts are critical to attracting investment and sustaining Africa’s economic growth, Managing Partner of G&A Africa LLP, Eric Gumbo, has said.
Gumbo said Africa’s economic re-emergence would depend not only on capital, infrastructure and favourable economic conditions but also on the strength of its legal systems, which determine how investments are structured, risks managed and commercial agreements enforced.
In an article on Africa’s economic prospects, Gumbo argued that law remained an often-overlooked foundation of economic development, influencing whether investors commit capital, retain their investme...