Private Enterprise-Led Development in Sub-Saharan Africa provides a novel theoretical and conceptual model to guide research into Africa's economic development. It endorses the view that private enterprise-led growth will help reduce poverty since it strengthens individuals' capacity to care for themselves and their families.

Why is the private sector yet to take off in much sub-Saharan Africa? Drawing on a unique set of enterprise surveys, Vijaya Ramachandran and her co-authors identify the biggest obstacles: inadequate infrastructure (especially unreliable electricity and crumbing roads) and burdensome regulation. They then show how ethnic minorities dominate the private sector in many countries, inhibiting competition and demands for a better business environment, and thus impeding the emergence of an entrepreneurial middle class. Based on this careful diagnosis, the authors suggest investing in infrastructure and reforming regulation to lower the cost of doing business, and increasing the access to education of a broader-based business class that crosses ethnic divides. Book jacket.

This book examines key determinants of private sector development in West Africa, putting special emphasis on government’s cardinal role in fostering and supporting entrepreneurship. Favorable macroeconomic conditions are identified and it is shown that adequate policies that contribute to economic diversification and industrialization are likely to expand the investment base of the economy. The book also examines new business concepts and regional integration initiatives meant to enhance West Africa’s private sector and analyzes the role of finance in promoting development of private firms and the extent to which corruption impedes economic growth. All chapters are highly relevant to West Africa’s current policy challenges and therefore inform the region’s ongoing policy formulation. The empirical evidence supporting the policy recommendations is based on both qualitative field observations and advanced quantitative estimation techniques.

Using a rich set of detailed case studies, this volume furnishes the first comprehensive analysis of the role of the private sector in conservation areas. For researchers of tourism, development studies and biodiversity conservation this book is a new and important benchmark in African scholarship. -Christian M. Rogerson, Research Professor, School of Tourism & Hospitality, University of Johannesburg. "This is an impressive book that will make an important contribution to the literature on private-sector involvement in the delivery of tourism services in parks and protected areas in Africa." - Dr. Paul F. J. Eagles, Distinguished Professor Emeritus, Department of Recreation and Leisure Studies, University of Waterloo. Tourism in Africa's protected and conserved areas involves partnerships and interactions between numerous stakeholders such as governments, communities, NGOs, the private sector and academics. Through the use of 32 comprehensive case studies from 11 African countries, this book presents guidelines to ensure optimal benefits for stakeholders as well as promoting the sustainability of tourism in Africa. It includes descriptions of the various models for the private sector to engage in tourism in conservation areas in Africa, such as pure private sector ownership, joint ventures, tripartite agreements and government leases. End-to-end coverage of the processes used to develop these partnerships is provided, as well as best practices for the private sector engaging in tourism. The book provides guidance on identifying the most suitable private sector tourism options based on guidelines of conditions and desired outcomes, to promote the long-term sustainability of African tourism in protected areas. This book is recommended for academics, students and practitioners working in sustainable tourism, including community, private sector and government stakeholders.

Only 4 percent of arable land in sub-Saharan Africa is irrigated, using just 2 percent of the available water resources. Furthermore, 18 percent of the area equipped for irrigation is not utilized at all and the intensity of use varies between 50 percent and 80 percent. This highlights the huge potential available for intensifying and expanding irrigated area, provided that the investments required can be successfully mobilized. However, it must be noted that if investments in irrigation are to yield satisfactory returns, investments must also be made in a series of related activities. Current global figures for the amount of private investment in irrigation confirm that good returns can indeed be achieved. Prospects for sub-Saharan Africa would be far more favorable if public development assistance, particularly foreign direct investments, did not show declining trends.

IFC shares the primary objective of all World Bank Group institutions: to reduce poverty and improve the lives of people in its developing member countries. Since 1956, IFC has committed more than.