Dear Editor,
Congratulations on the release of yet another insightful edition of India Business Law Journal. The Intelligence report on investments in Africa published in the May issue of the journal highlights the recent investment climate and issues particularly of interest to Indian businesses in light of an increase in trade volume.
The estimated annual trade volume between India and Nigeria in 2012, for example, was US$10 billion, resulting in India overtaking the US as Nigeria’s largest trading partner. The assessment of the regulatory environment for investments in key African countries certainly provides a roadmap for the savvy investor.
The format that included comments from trade regulators and industry participants gave an outlook of a steady and dynamic transition from struggling African economies to vibrant investor-friendly platforms.
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The journal further put the economic histories, reforms, challenges, and the stages of development of divergent African economies into focus. Such a multifaceted approach adds value to the overall content and is useful to those with interests in both Africa and Asia.
The particulars are specific in content and elaborate in jurisdiction. It goes without saying that the comments and contributions are a useful addition to advanced discourse on investment in Africa.
Oladiran Ajayi
Senior Associate
Templars
Lagos
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